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Texas Economy Detail
Texas Economic Forecast 2007-08
Texas Economy Detail
Fiscal Years 1971—2035
| 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