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Texas Economic Forecast 2007-08

Texas Economy Detail
Calendar Years 1970—2035

Download Data (CSV)

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