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Texas Economic Forecast 2007-08

Texas Economy Detail
Fiscal Years 1971—2035

Download Data (CSV)

Year 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)
$3.51 $3.79 $5.10 $7.09 $8.02 $8.78 $9.31 $10.71 $13.08 $16.16 $18.11 $17.23 $16.58 $17.99 $18.14 $18.89 $20.83 $29.42 $33.68 $36.48 $41.45 $44.53 $46.26 $52.39 $60.51 $65.32 $74.41 $78.08 $80.64 $99.72 $99.53 $92.86 $98.35 $111.29 $126.23 $145.05 $164.88 $184.27 $202.38 $219.15 $235.24 $251.90 $269.04 $288.25 $309.51 $331.96 $356.07 $391.09 $422.73 $452.85 $484.70 $518.35 $554.11 $592.14 $632.90 $676.36 $722.10 $770.75 $822.49 $877.30 $935.36 $996.99 $1,061.78 $1,130.88 $1,204.30
AGRICULTURE  
Cash Receipts: Crops (Millions of Dollars) $1,166.83 $1,322.53 $2,578.69 $2,706.85 $2,786.97 $3,062.20 $3,150.67 $2,926.68 $3,813.37 $3,870.80 $4,137.78 $4,038.33 $3,695.07 $3,733.56 $3,880.43 $3,190.84 $2,990.23 $3,572.92 $4,002.86 $4,079.40 $4,156.13 $4,080.99 $4,299.94 $5,013.88 $4,268.17 $5,350.18 $5,025.39 $4,826.30 $4,889.97 $4,223.88 $5,057.50 $4,614.32 $7,510.29 $7,127.03 $60,291.84 $22,360.34 $7,585.09 $8,148.36 $8,171.90 $8,359.00 $8,636.37 $8,954.78 $9,295.40 $9,663.00 $10,063.53 $10,481.10 $10,922.80 $11,365.75 $11,785.68 $12,200.72 $12,621.86 $13,050.20 $13,485.53 $13,929.23 $14,384.23 $14,853.07 $15,334.44 $15,827.38 $16,332.29 $16,843.75 $17,371.89 $17,917.15 $18,477.01 $19,051.66 $19,643.09
Cash Receipts: Livestock (Millions of Dollars) $2,198.80 $2,470.93 $3,569.57 $3,058.23 $3,047.43 $3,154.13 $3,379.91 $4,315.72 $5,970.39 $5,312.81 $5,410.96 $5,415.96 $5,471.16 $5,883.59 $5,511.04 $5,450.55 $5,948.82 $6,522.23 $6,746.94 $7,734.03 $7,633.54 $7,659.00 $7,861.97 $8,568.33 $7,590.91 $8,420.85 $7,935.11 $7,842.40 $8,791.30 $8,860.49 $8,906.44 $6,718.74 $10,138.36 $8,782.85 $9,105.59 $8,459.75 $8,918.57 $9,463.35 $9,777.47 $10,005.78 $10,119.48 $10,200.84 $10,270.46 $10,390.30 $10,538.84 $10,678.90 $10,825.89 $10,884.78 $10,997.78 $11,147.89 $11,285.78 $11,416.49 $11,547.26 $11,670.86 $11,798.32 $11,929.95 $12,055.28 $12,174.27 $12,294.31 $12,419.03 $12,516.04 $12,631.22 $12,759.70 $12,886.53 $13,014.24
Total Agricultural Receipts (Millions of Dollars) $3,365.63 $3,793.46 $6,148.25 $5,765.07 $5,834.40 $6,216.34 $6,530.58 $7,242.40 $9,783.76 $9,183.62 $9,548.74 $9,454.29 $9,166.24 $9,617.15 $9,391.47 $8,641.40 $8,939.05 $10,095.15 $10,749.80 $11,813.43 $11,789.67 $11,739.99 $12,161.91 $13,582.21 $11,859.09 $13,771.03 $12,960.49 $12,668.70 $13,681.27 $13,084.37 $13,963.94 $11,333.06 $17,648.65 $15,909.88 $69,397.42 $30,820.08 $16,503.65 $17,611.72 $17,949.37 $18,364.77 $18,755.85 $19,155.62 $19,565.86 $20,053.31 $20,602.37 $21,160.01 $21,748.69 $22,250.52 $22,783.46 $23,348.61 $23,907.64 $24,466.70 $25,032.79 $25,600.09 $26,182.55 $26,783.02 $27,389.72 $28,001.65 $28,626.59 $29,262.78 $29,887.94 $30,548.37 $31,236.71 $31,938.19 $32,657.33
ENERGY AND MINING  
Oil Production
(Millions of Barrels)
NA NA 1,257.4 1,228.9 1,182.5 1,156.4 1,105.4 1,037.0 986.6 931.5 897.0 869.9 845.0 838.9 830.4 788.1 730.0 702.0 653.8 640.4 644.8 620.5 585.3 550.1 520.1 498.8 482.3 462.7 400.4 393.4 372.2 355.5 340.6 331.5 326.8 323.6 318.2 309.0 299.7 290.7 282.0 273.6 265.4 257.4 249.7 242.2 234.9 227.9 221.0 214.4 208.0 201.7 195.7 189.8 184.1 178.6 173.2 168.0 163.0 158.1 153.4 148.8 144.3 140.0 135.8
Natural Gas Production
(Millions of Mcf)
NA NA NA NA NA NA 7,493.6 7,097.7 7,066.3 7,105.7 6,803.8 6,409.7 5,594.4 5,717.1 5,544.7 5,499.2 5,122.6 5,348.0 5,163.9 5,324.7 5,452.9 4,904.6 4,193.6 3,862.9 3,656.0 3,550.3 3,522.4 3,333.5 3,148.8 3,070.7 2,992.0 3,196.4 3,024.3 2,968.3 3,032.9 3,637.4 4,105.7 3,994.3 3,899.5 3,802.0 3,706.9 3,614.3 3,523.9 3,435.8 3,349.9 3,266.2 3,184.5 3,104.9 3,027.3 2,951.6 2,877.8 2,805.9 2,735.7 2,667.3 2,600.6 2,535.6 2,472.2 2,410.4 2,350.2 2,291.4 2,234.1 2,178.3 2,123.8 2,070.7 2,019.0
Average Taxable Oil Price (Dollars per Barrel) NA $3.49 $3.71 $6.45 $8.07 $8.71 $9.32 $10.41 $12.55 $21.91 $32.77 $31.80 $29.50 $28.68 $27.01 $18.11 $16.66 $15.88 $16.51 $19.79 $21.48 $18.61 $17.30 $14.73 $16.30 $18.76 $20.01 $13.90 $12.91 $25.16 $27.73 $21.91 $28.59 $32.48 $46.89 $61.17 $58.92 $57.21 $57.63 $59.74 $61.71 $60.30 $58.60 $56.97 $56.31 $56.03 $56.51 $57.26 $58.33 $59.38 $60.19 $60.96 $61.72 $62.49 $63.29 $63.78 $64.21 $64.65 $65.09 $65.52 $66.01 $66.57 $67.21 $67.88 $68.55
Average Taxable Natural Gas Price (Dollars per Mcf) NA NA NA NA NA NA $0.83 $0.91 $1.06 $1.39 $1.77 $2.05 $2.22 $2.24 $2.25 $1.71 $1.41 $1.43 $1.50 $1.43 $1.39 $1.45 $1.77 $1.68 $1.36 $1.76 $2.10 $1.92 $1.59 $2.45 $4.54 $2.37 $4.01 $4.47 $5.42 $6.96 $5.86 $5.97 $6.12 $6.16 $6.21 $6.23 $6.22 $6.23 $6.42 $6.65 $6.94 $7.04 $7.22 $7.47 $7.64 $7.79 $7.95 $8.12 $8.29 $8.43 $8.56 $8.68 $8.82 $8.99 $8.77 $8.85 $9.00 $9.15 $9.31
Rig Count 296 319 358 470 609 645 753 847 767 947 1,239 1,125 783 860 739 375 282 296 257 331 340 246 264 275 257 271 338 338 213 312 459 353 419 491 581 716 815 827 811 807 810 802 779 756 740 734 733 733 732 735 736 734 732 731 729 726 721 716 712 708 700 690 687 685 679
CONSTRUCTION  
Residential (Starts) NA NA NA 91.2 87.9 136.8 192.9 222.4 185.9 147.3 155.1 171.3 275.9 240.7 151.1 123.7 63.8 45.1 44.9 51.1 53.0 70.7 82.5 105.3 110.3 121.6 126.5 152.7 154.7 143.6 148.3 159.4 169.6 183.4 191.2 214.8 175.9 150.7 168.7 184.0 192.0 192.4 188.2 186.2 187.4 189.4 188.5 186.7 184.4 181.0 176.1 172.0 168.4 166.6 166.8 167.6 166.4 163.0 160.9 161.4 161.9 160.0 157.6 158.5 161.2
Single-Family (Thousands) NA NA NA 52.7 67.1 95.9 118.3 131.9 105.1 86.8 91.3 82.3 115.8 109.5 83.4 71.9 52.4 40.4 41.4 43.3 45.7 59.8 72.4 81.8 76.2 91.9 86.6 103.1 109.1 110.6 118.5 123.4 133.5 147.0 158.7 177.9 137.0 108.6 123.8 142.2 151.7 151.1 148.1 145.9 146.5 147.0 145.0 142.9 140.5 138.4 135.3 132.2 129.3 127.9 128.3 128.6 126.7 123.1 120.8 120.7 120.6 118.5 116.2 116.2 117.4
Multi-Family (Thousands) NA NA NA 38.5 20.8 41.0 74.6 90.5 80.8 60.5 63.7 89.0 160.1 131.2 67.7 51.8 11.3 4.6 3.5 7.8 7.3 10.9 10.1 23.5 34.1 29.7 39.9 49.6 45.5 33.0 29.8 36.0 36.1 36.4 32.5 36.8 38.9 42.0 44.9 41.8 40.2 41.3 40.1 40.3 41.0 42.4 43.5 43.8 43.9 42.6 40.7 39.8 39.1 38.7 38.6 39.0 39.7 39.9 40.1 40.7 41.3 41.6 41.4 42.3 43.8
Nonresidential Area
(Millions of Square Feet)
NA NA NA NA NA 88.8 97.2 122.5 151.3 140.1 174.6 167.6 133.7 141.2 172.0 121.5 89.0 64.4 60.6 53.1 75.3 66.1 74.1 89.1 92.5 98.8 114.9 149.9 161.9 160.0 168.0 137.3 130.2 122.7 124.0 151.3 155.0 135.3 148.1 163.0 168.1 174.1 177.2 179.1 181.2 184.4 186.1 186.9 188.0 189.3 189.6 189.5 189.8 190.6 192.9 196.1 199.3 200.9 202.0 204.2 207.8 210.5 212.4 215.3 219.2
Nonbuilding-Value
(Millions of Dollars)
$673.01 $1,123.60 $1,070.39 $1,158.13 $1,652.14 $1,164.45 $2,107.99 $1,790.89 $3,159.67 $2,770.89 $4,265.59 $2,128.22 $3,331.89 $2,702.71 $4,055.36 $4,071.68 $4,265.20 $4,209.53 $3,479.99 $3,447.96 $3,264.50 $3,102.45 $3,914.16 $4,281.49 $4,680.88 $4,778.39 $4,481.78 $5,167.76 $8,365.47 $7,803.46 $10,132.95 $8,649.71 $7,226.91 $8,937.19 $9,343.34 $11,951.86 $12,524.87 $13,708.09 $13,709.11 $14,128.63 $14,604.39 $15,322.69 $16,079.49 $16,828.42 $17,566.61 $18,362.09 $19,189.79 $20,033.56 $21,013.07 $22,057.31 $23,164.24 $24,290.90 $25,476.32 $26,711.09 $28,018.36 $29,419.81 $30,900.01 $32,425.84 $33,995.35 $35,652.85 $37,441.25 $39,333.05 $41,266.93 $43,284.71 $45,378.91
RETAIL SALES (TAXABLE)  
Cars 483.3 561.4 705.1 552.1 496.5 611.9 703.7 720.5 704.5 633.3 647.0 588.9 576.7 635.7 674.1 639.4 533.3 548.7 571.6 554.4 520.3 512.0 481.3 543.5 538.9 623.0 545.2 546.0 571.1 604.4 561.9 563.5 504.9 467.9 504.9 539.0 565.2 615.9 615.2 620.2 634.5 648.2 649.9 647.6 643.9 643.6 641.5 640.8 640.3 642.2 642.2 643.5 645.2 646.9 648.7 651.3 653.2 654.8 656.9 659.9 663.4 666.4 668.6 671.5 679.1
Trucks 136.6 176.0 243.8 215.2 181.8 246.3 297.5 330.6 307.8 275.3 290.4 318.9 313.9 385.3 434.7 402.8 342.0 367.2 389.4 391.4 367.0 409.6 422.4 486.4 500.4 592.5 573.3 643.1 713.0 801.5 810.2 867.2 797.7 780.5 781.3 743.3 819.7 847.0 863.2 878.4 901.6 920.3 924.9 927.5 929.9 933.2 934.3 936.6 939.0 944.3 947.8 953.2 959.4 966.3 973.7 982.2 989.7 996.9 1,005.1 1,015.4 1,026.8 1,038.5 1,049.2 1,061.6 1,074.9
Total Automobile Sales (Thousands) 619.9 737.5 948.9 767.4 678.4 858.2 1,001.2 1,051.1 1,012.4 908.6 937.4 907.8 890.6 1,021.0 1,108.8 1,042.3 875.3 915.9 961.0 945.8 887.3 921.6 903.7 1,029.9 1,039.3 1,215.5 1,118.4 1,189.1 1,284.1 1,405.9 1,372.2 1,430.8 1,302.6 1,248.4 1,286.2 1,282.3 1,384.8 1,462.9 1,478.4 1,498.5 1,536.1 1,568.5 1,574.8 1,575.0 1,573.9 1,576.9 1,575.7 1,577.4 1,579.3 1,586.5 1,590.0 1,596.8 1,604.6 1,613.2 1,622.4 1,633.5 1,643.0 1,651.7 1,662.0 1,675.3 1,690.2 1,704.9 1,717.8 1,733.1 1,754.0
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 $69,687.92 $73,688.83 $78,766.85 $84,307.80 $89,352.34 $94,492.41 $99,217.94 $106,945.57 $113,972.94 $121,644.73 $126,108.51 $128,622.09 $128,821.99 $135,040.07 $141,440.43 $150,246.94 $158,990.46 $169,732.95 $178,090.26 $187,308.61 $196,634.55 $206,293.97 $215,636.11 $225,054.58 $234,861.13 $245,402.47 $256,266.44 $267,637.81 $279,636.20 $292,156.14 $305,172.75 $318,565.49 $332,567.81 $347,064.87 $362,083.94 $377,944.58 $394,470.72 $411,397.41 $428,849.84 $447,031.16 $465,969.21 $485,291.81 $505,058.98 $525,712.65 $547,529.46

Source: Susan Combs, Texas Comptroller. Fall 2007 Forecast