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Texas Economy Detail
Texas Economic Forecast 2007-08
Texas Economy Detail
Calendar Years 1970—2035
| Year | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 | 2035 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Texas Exports (Billions of Dollars) |
$3.43 | $3.57 | $3.99 | $5.52 | $7.48 | $8.20 | $8.96 | $9.55 | $11.20 | $13.76 | $16.79 | $18.22 | $17.01 | $16.67 | $18.24 | $18.23 | $19.30 | $22.01 | $31.28 | $34.45 | $37.40 | $42.52 | $45.13 | $47.21 | $54.23 | $62.22 | $66.88 | $76.16 | $78.90 | $83.07 | $103.84 | $95.08 | $95.40 | $98.85 | $117.24 | $128.76 | $150.89 | $169.64 | $188.86 | $206.73 | $223.18 | $239.35 | $256.12 | $273.56 | $293.43 | $315.01 | $337.82 | $362.43 | $401.00 | $430.10 | $460.65 | $492.93 | $527.10 | $563.38 | $602.04 | $643.55 | $687.57 | $733.96 | $783.40 | $835.88 | $891.53 | $950.44 | $1,012.87 | $1,078.63 | $1,148.83 | $1,223.35 |
| AGRICULTURE | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash Receipts: Crops (Millions of Dollars) | $1,264.02 | $1,177.99 | $1,463.31 | $2,811.47 | $2,701.91 | $2,832.58 | $3,109.37 | $3,140.58 | $2,984.21 | $3,969.93 | $3,882.94 | $4,164.75 | $3,978.13 | $3,654.91 | $3,754.84 | $3,814.58 | $3,078.67 | $3,042.36 | $3,713.86 | $4,055.49 | $4,036.09 | $4,309.38 | $3,952.26 | $4,546.99 | $4,806.47 | $4,647.39 | $5,124.12 | $5,060.20 | $5,003.52 | $4,552.32 | $4,218.25 | $5,206.70 | $6,128.39 | $6,404.94 | $7,362.84 | $76,127.42 | $6,392.63 | $7,962.49 | $8,078.30 | $8,218.80 | $8,418.78 | $8,712.94 | $9,038.87 | $9,383.57 | $9,761.70 | $10,165.73 | $10,589.66 | $11,035.90 | $11,471.58 | $11,889.54 | $12,304.80 | $12,728.29 | $13,158.50 | $13,595.53 | $14,041.79 | $14,500.12 | $14,972.47 | $15,456.42 | $15,952.53 | $16,459.66 | $16,973.61 | $17,507.21 | $18,055.41 | $18,619.17 | $19,198.36 | $19,793.03 |
| Cash Receipts: Livestock (Millions of Dollars) | $1,956.49 | $2,280.54 | $2,610.27 | $3,677.18 | $2,963.26 | $3,076.96 | $3,202.82 | $3,522.86 | $4,624.05 | $6,128.22 | $5,196.42 | $5,448.22 | $5,421.06 | $5,521.43 | $5,899.91 | $5,447.86 | $5,512.61 | $6,090.12 | $6,629.91 | $6,863.17 | $7,762.36 | $7,803.50 | $7,531.93 | $8,223.24 | $8,075.67 | $8,437.78 | $7,631.04 | $8,141.01 | $8,141.08 | $8,465.31 | $9,151.08 | $8,584.88 | $8,470.32 | $8,556.13 | $8,862.92 | $8,965.44 | $8,720.78 | $8,944.12 | $9,528.95 | $9,862.67 | $10,042.98 | $10,142.39 | $10,219.32 | $10,290.28 | $10,425.59 | $10,575.48 | $10,714.27 | $10,864.73 | $10,891.32 | $11,034.22 | $11,184.65 | $11,318.80 | $11,449.79 | $11,578.15 | $11,702.48 | $11,830.67 | $11,962.43 | $12,085.45 | $12,203.97 | $12,324.66 | $12,448.88 | $12,538.76 | $12,664.49 | $12,791.52 | $12,918.42 | $13,046.47 |
| Total Agricultural Receipts (Millions of Dollars) | $3,220.50 | $3,458.53 | $4,073.58 | $6,488.65 | $5,665.17 | $5,909.54 | $6,312.19 | $6,663.45 | $7,608.26 | $10,098.15 | $9,079.36 | $9,612.96 | $9,399.19 | $9,176.34 | $9,654.75 | $9,262.44 | $8,591.28 | $9,132.48 | $10,343.77 | $10,918.66 | $11,798.45 | $12,112.88 | $11,484.19 | $12,770.23 | $12,882.15 | $13,085.17 | $12,755.16 | $13,201.21 | $13,144.61 | $13,017.62 | $13,369.32 | $13,791.58 | $14,598.71 | $14,961.07 | $16,225.76 | $85,092.86 | $15,113.40 | $16,906.62 | $17,607.25 | $18,081.47 | $18,461.76 | $18,855.33 | $19,258.19 | $19,673.85 | $20,187.30 | $20,741.22 | $21,303.93 | $21,900.63 | $22,362.90 | $22,923.76 | $23,489.45 | $24,047.09 | $24,608.29 | $25,173.68 | $25,744.28 | $26,330.79 | $26,934.90 | $27,541.88 | $28,156.49 | $28,784.32 | $29,422.49 | $30,045.98 | $30,719.89 | $31,410.69 | $32,116.78 | $32,839.50 |
| ENERGY AND MINING | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Oil Production (Millions of Barrels) |
NA | NA | 1,255.4 | 1,252.9 | 1,216.8 | 1,174.0 | 1,145.8 | 1,093.1 | 1,021.2 | 970.9 | 921.0 | 889.7 | 863.7 | 841.1 | 837.0 | 823.6 | 775.2 | 719.0 | 693.5 | 646.0 | 639.7 | 642.3 | 612.4 | 576.5 | 542.1 | 513.8 | 494.2 | 479.7 | 448.3 | 394.3 | 387.1 | 370.5 | 350.4 | 338.8 | 328.6 | 326.3 | 323.1 | 316.2 | 306.7 | 297.5 | 288.5 | 279.9 | 271.5 | 263.3 | 255.4 | 247.8 | 240.4 | 233.1 | 226.1 | 219.4 | 212.8 | 206.4 | 200.2 | 194.2 | 188.4 | 182.7 | 177.2 | 171.9 | 166.8 | 161.8 | 156.9 | 152.2 | 147.6 | 143.2 | 138.9 | 134.7 |
| Natural Gas Production (Millions of Mcf) |
NA | NA | NA | NA | NA | NA | 7,450.9 | 7,411.6 | 7,008.7 | 7,191.4 | 6,993.7 | 6,749.4 | 6,210.9 | 5,550.1 | 5,708.4 | 5,560.7 | 5,348.6 | 5,186.2 | 5,320.2 | 5,160.2 | 5,403.3 | 5,283.8 | 4,799.8 | 4,053.7 | 3,834.5 | 3,583.7 | 3,572.9 | 3,493.9 | 3,268.8 | 3,147.1 | 3,028.7 | 3,058.8 | 3,141.3 | 3,022.3 | 2,946.9 | 3,153.7 | 3,826.3 | 4,055.5 | 3,974.3 | 3,875.0 | 3,778.1 | 3,683.7 | 3,591.6 | 3,501.8 | 3,414.2 | 3,328.9 | 3,245.7 | 3,164.5 | 3,085.4 | 3,008.3 | 2,933.1 | 2,859.7 | 2,788.2 | 2,718.5 | 2,650.6 | 2,584.3 | 2,519.7 | 2,456.7 | 2,395.3 | 2,335.4 | 2,277.0 | 2,220.1 | 2,164.6 | 2,110.5 | 2,057.7 | 2,006.3 |
| Average Taxable Oil Price (Dollars/Barrel) | NA | NA | $3.49 | $3.71 | $7.18 | $8.39 | $8.84 | $9.54 | $10.60 | $14.28 | $24.23 | $34.37 | $31.24 | $28.87 | $28.53 | $26.66 | $14.76 | $17.77 | $14.72 | $17.87 | $22.10 | $19.13 | $18.45 | $16.31 | $15.10 | $16.47 | $20.38 | $18.80 | $12.31 | $17.40 | $28.79 | $23.70 | $24.39 | $28.94 | $36.44 | $50.37 | $61.16 | $58.62 | $57.19 | $58.31 | $60.21 | $61.58 | $59.88 | $58.19 | $56.69 | $56.22 | $56.06 | $56.68 | $57.49 | $58.59 | $59.62 | $60.38 | $61.15 | $61.91 | $62.68 | $63.45 | $63.88 | $64.32 | $64.76 | $65.20 | $65.64 | $66.14 | $66.72 | $67.38 | $68.05 | $68.72 |
| Average Taxable Natural Gas Price (Dollars/Mcf) | NA | NA | NA | NA | NA | NA | $0.69 | $0.85 | $0.92 | $1.13 | $1.49 | $1.84 | $2.11 | $2.24 | $2.23 | $2.21 | $1.55 | $1.39 | $1.46 | $1.45 | $1.47 | $1.37 | $1.54 | $1.77 | $1.59 | $1.39 | $1.95 | $2.11 | $1.75 | $1.97 | $3.49 | $3.53 | $2.79 | $4.49 | $4.80 | $6.41 | $5.97 | $6.02 | $6.16 | $6.09 | $6.13 | $6.20 | $6.23 | $6.22 | $6.25 | $6.48 | $6.71 | $6.99 | $7.07 | $7.28 | $7.52 | $7.68 | $7.83 | $8.00 | $8.16 | $8.33 | $8.46 | $8.59 | $8.72 | $8.85 | $8.98 | $8.75 | $8.89 | $9.04 | $9.19 | $9.34 |
| Rig Count | 303 | 291 | 326 | 377 | 508 | 637 | 653 | 779 | 855 | 770 | 990 | 1,320 | 991 | 792 | 855 | 673 | 302 | 295 | 282 | 267 | 348 | 315 | 250 | 263 | 274 | 251 | 283 | 357 | 303 | 226 | 341 | 462 | 339 | 449 | 506 | 614 | 746 | 824 | 825 | 809 | 807 | 810 | 797 | 773 | 751 | 739 | 733 | 734 | 732 | 732 | 735 | 735 | 734 | 732 | 730 | 728 | 725 | 720 | 715 | 711 | 707 | 696 | 689 | 686 | 685 | 675 |
| CONSTRUCTION | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Residential (Starts) | NA | NA | NA | 159.6 | 85.3 | 99.6 | 142.1 | 203.6 | 209.3 | 174.4 | 142.5 | 148.6 | 197.6 | 284.4 | 210.1 | 148.6 | 104.9 | 59.3 | 44.7 | 43.9 | 52.2 | 57.9 | 73.2 | 87.2 | 109.7 | 112.3 | 121.5 | 132.1 | 158.4 | 148.7 | 144.5 | 147.9 | 162.6 | 177.2 | 181.2 | 201.1 | 206.3 | 169.2 | 150.9 | 173.9 | 186.4 | 192.8 | 191.3 | 187.3 | 186.2 | 188.1 | 189.3 | 188.1 | 186.2 | 183.7 | 180.0 | 174.8 | 171.1 | 167.8 | 166.5 | 167.2 | 167.5 | 165.7 | 162.2 | 160.8 | 161.8 | 161.6 | 159.2 | 157.6 | 159.0 | 162.1 |
| Single-Family (Thousands) | NA | NA | NA | 111.3 | 52.9 | 75.9 | 94.5 | 119.4 | 121.3 | 94.6 | 87.6 | 84.2 | 92.3 | 116.4 | 103.3 | 80.3 | 65.7 | 50.9 | 40.7 | 40.5 | 43.9 | 48.7 | 63.2 | 76.0 | 80.1 | 79.5 | 90.7 | 88.4 | 109.1 | 107.4 | 112.1 | 118.4 | 126.9 | 138.2 | 147.1 | 167.3 | 168.6 | 129.7 | 108.1 | 129.4 | 145.4 | 152.3 | 150.3 | 147.2 | 145.9 | 146.8 | 146.6 | 144.5 | 142.2 | 139.9 | 137.9 | 134.4 | 131.4 | 128.8 | 127.8 | 128.5 | 128.3 | 125.9 | 122.3 | 120.6 | 120.9 | 120.2 | 117.7 | 116.1 | 116.4 | 117.9 |
| Multi-Family (Thousands) | NA | NA | NA | 48.3 | 32.4 | 23.7 | 47.5 | 84.3 | 88.0 | 79.8 | 54.9 | 64.4 | 105.3 | 168.0 | 106.8 | 68.3 | 39.2 | 8.5 | 4.0 | 3.4 | 8.3 | 9.2 | 10.0 | 11.1 | 29.6 | 32.8 | 30.8 | 43.7 | 49.3 | 41.3 | 32.4 | 29.5 | 35.6 | 39.0 | 34.1 | 33.7 | 37.7 | 39.4 | 42.8 | 44.5 | 41.0 | 40.5 | 41.0 | 40.2 | 40.3 | 41.3 | 42.7 | 43.6 | 44.0 | 43.7 | 42.1 | 40.4 | 39.6 | 39.0 | 38.7 | 38.6 | 39.2 | 39.8 | 40.0 | 40.2 | 40.9 | 41.5 | 41.5 | 41.6 | 42.6 | 44.2 |
| Nonresidential Area (Millions of Square Feet) |
80.2 | 90.0 | 98.3 | 0.0 | 0.0 | 75.6 | 88.8 | 105.0 | 130.4 | 148.2 | 148.8 | 184.6 | 148.7 | 131.0 | 154.6 | 167.2 | 107.2 | 80.9 | 61.8 | 58.6 | 63.2 | 68.5 | 66.6 | 80.3 | 90.0 | 93.3 | 100.7 | 120.4 | 162.0 | 158.9 | 163.1 | 159.6 | 132.2 | 130.4 | 125.3 | 127.6 | 159.4 | 144.5 | 136.3 | 153.3 | 164.4 | 169.5 | 175.2 | 177.7 | 179.7 | 181.9 | 185.1 | 186.3 | 187.2 | 188.4 | 189.6 | 189.4 | 189.6 | 189.9 | 191.1 | 193.6 | 196.9 | 199.9 | 201.1 | 202.4 | 205.1 | 208.4 | 211.2 | 213.0 | 216.2 | 220.3 |
| Nonbuilding Value (Millions of Dollars) |
$775.17 | $912.23 | $1,007.17 | $1,025.74 | $1,234.27 | $1,553.98 | $1,701.70 | $1,710.72 | $2,189.49 | $3,683.35 | $2,266.42 | $4,303.71 | $1,909.71 | $3,502.60 | $3,232.27 | $3,891.48 | $4,009.10 | $4,331.83 | $4,171.70 | $3,221.65 | $3,353.38 | $3,261.13 | $3,410.45 | $3,943.81 | $4,164.61 | $5,024.15 | $4,452.27 | $4,731.09 | $5,294.56 | $9,390.86 | $8,013.27 | $10,054.87 | $7,431.76 | $8,256.27 | $8,574.34 | $9,752.85 | $14,113.24 | $11,427.49 | $13,708.29 | $13,791.54 | $14,228.38 | $14,761.80 | $15,512.92 | $16,267.23 | $17,016.73 | $17,757.36 | $18,569.27 | $19,396.40 | $20,263.79 | $21,268.46 | $22,332.70 | $23,438.91 | $24,585.19 | $25,778.10 | $27,031.67 | $28,357.95 | $29,785.60 | $31,276.89 | $32,814.44 | $34,398.06 | $36,088.85 | $37,904.53 | $39,813.69 | $41,763.05 | $43,800.88 | $45,915.57 |
| RETAIL SALES (TAXABLE) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cars | 454.0 | 533.8 | 609.8 | 669.0 | 507.5 | 535.3 | 626.3 | 711.5 | 719.3 | 701.4 | 609.5 | 647.9 | 592.2 | 576.7 | 634.6 | 689.3 | 615.7 | 526.6 | 555.8 | 565.7 | 565.4 | 509.1 | 484.7 | 500.5 | 539.0 | 586.3 | 585.6 | 552.4 | 547.9 | 569.0 | 603.6 | 587.4 | 535.4 | 485.9 | 469.9 | 515.5 | 535.1 | 594.7 | 614.4 | 615.9 | 623.1 | 638.9 | 649.2 | 649.9 | 646.1 | 643.8 | 643.3 | 641.1 | 640.7 | 640.7 | 642.2 | 642.2 | 644.1 | 645.6 | 647.3 | 649.3 | 652.0 | 653.6 | 655.3 | 657.5 | 660.7 | 664.3 | 666.9 | 669.2 | 673.5 | 678.8 |
| Trucks | 140.3 | 150.8 | 191.2 | 247.4 | 194.6 | 197.2 | 259.1 | 304.9 | 330.0 | 309.3 | 261.9 | 301.0 | 325.7 | 322.6 | 398.2 | 436.5 | 381.8 | 348.7 | 371.2 | 391.0 | 395.3 | 368.5 | 404.5 | 441.0 | 480.3 | 541.2 | 580.8 | 591.9 | 664.9 | 715.8 | 811.2 | 864.2 | 822.1 | 791.1 | 784.4 | 762.2 | 761.5 | 834.3 | 849.8 | 866.9 | 883.3 | 907.7 | 922.4 | 925.4 | 927.8 | 931.0 | 933.6 | 934.6 | 937.4 | 940.0 | 945.3 | 948.8 | 954.9 | 961.1 | 968.0 | 975.7 | 984.2 | 991.5 | 998.8 | 1,007.4 | 1,018.2 | 1,030.0 | 1,041.1 | 1,052.2 | 1,064.9 | 1,078.4 |
| Total Automobile Sales (Thousands) | 594.4 | 684.6 | 801.0 | 916.4 | 702.1 | 732.5 | 885.4 | 1,016.5 | 1,049.3 | 1,010.7 | 871.4 | 948.9 | 917.9 | 899.4 | 1,032.8 | 1,125.8 | 997.4 | 875.3 | 926.9 | 956.6 | 960.8 | 877.6 | 889.2 | 941.5 | 1,019.3 | 1,127.4 | 1,166.5 | 1,144.3 | 1,212.8 | 1,284.9 | 1,414.8 | 1,451.6 | 1,357.5 | 1,277.1 | 1,254.2 | 1,277.7 | 1,296.6 | 1,429.0 | 1,464.2 | 1,482.8 | 1,506.4 | 1,546.6 | 1,571.6 | 1,575.4 | 1,574.0 | 1,574.7 | 1,576.9 | 1,575.7 | 1,578.1 | 1,580.7 | 1,587.5 | 1,591.0 | 1,598.9 | 1,606.7 | 1,615.3 | 1,625.1 | 1,636.2 | 1,645.1 | 1,654.1 | 1,664.9 | 1,679.0 | 1,694.3 | 1,708.0 | 1,721.4 | 1,738.4 | 1,757.2 |
| Other Retail Sales (Millions of Dollars) |
NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | $67,653.04 | $70,412.77 | $75,292.48 | $79,996.85 | $85,759.19 | $90,431.15 | $95,753.95 | $100,852.08 | $108,635.17 | $116,074.54 | $122,874.45 | $127,148.39 | $128,362.09 | $130,252.37 | $136,423.02 | $143,774.77 | $151,240.65 | $162,598.49 | $171,866.60 | $180,298.02 | $189,653.57 | $199,004.65 | $208,688.04 | $217,961.31 | $227,447.50 | $237,433.47 | $248,105.50 | $259,031.04 | $270,603.20 | $282,693.38 | $295,393.20 | $308,460.45 | $322,015.08 | $336,153.05 | $350,756.18 | $365,963.53 | $382,035.13 | $398,661.56 | $415,705.75 | $433,311.50 | $451,720.99 | $470,756.71 | $490,185.62 | $510,121.00 | $531,054.08 | $553,174.97 |
Source: Susan Combs, Texas Comptroller. Fall 2007 Forecast