transparency

Texas Economic Forecast 2007-08

Forecast Summary
Calendar Years 1990—2035

Download Data (CSV)

Year 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
Gross State Product
(Billion CY2000 Dollars)
$462.0 $470.3 $491.4 $512.5 $537.4 $555.2 $582.6 $627.5 $666.6 $699.1 $727.2 $745.3 $760.6 $771.0 $808.1 $831.8 $867.9 $896.5 $923.8 $951.3 $983.9 $1,015.8 $1,047.5 $1,078.1 $1,107.9 $1,136.9 $1,165.8 $1,193.8 $1,223.3 $1,253.7 $1,286.4 $1,319.1 $1,354.7 $1,392.2 $1,430.6 $1,470.3 $1,511.2 $1,552.6 $1,595.4 $1,639.6 $1,685.2 $1,733.3 $1,782.8 $1,834.9 $1,890.0 $1,947.5
Annual Percent
Change Gross State Product CY2000 Dollars
3.5% 1.8% 4.5% 4.3% 4.9% 3.3% 4.9% 7.7% 6.2% 4.9% 3.3% 2.5% 2.0% 1.4% 4.8% 2.9% 4.3% 3.3% 3.0% 3.0% 3.4% 3.2% 3.1% 2.9% 2.8% 2.6% 2.5% 2.4% 2.5% 2.5% 2.6% 2.5% 2.7% 2.8% 2.8% 2.8% 2.8% 2.7% 2.8% 2.8% 2.8% 2.9% 2.9% 2.9% 3.0% 3.0%
Gross State Product
(Billion Current Dollars)
$382.0 $396.8 $421.4 $450.9 $479.4 $505.4 $546.9 $599.5 $629.2 $669.0 $727.2 $762.2 $783.5 $828.8 $904.4 $989.3 $1,066.7 $1,134.7 $1,197.7 $1,260.8 $1,329.2 $1,399.3 $1,471.1 $1,542.6 $1,615.5 $1,690.0 $1,766.4 $1,843.0 $1,924.1 $2,008.1 $2,099.7 $2,194.6 $2,296.3 $2,404.2 $2,517.2 $2,636.5 $2,761.9 $2,891.1 $3,025.8 $3,167.0 $3,314.9 $3,471.1 $3,633.8 $3,804.6 $3,986.4 $4,178.5
Annual Percent
Change Gross State Product Current Dollars
8.8% 3.9% 6.2% 7.0% 6.3% 5.4% 8.2% 9.6% 5.0% 6.3% 8.7% 4.8% 2.8% 5.8% 9.1% 9.4% 7.8% 6.4% 5.6% 5.3% 5.4% 5.3% 5.1% 4.9% 4.7% 4.6% 4.5% 4.3% 4.4% 4.4% 4.6% 4.5% 4.6% 4.7% 4.7% 4.7% 4.8% 4.7% 4.7% 4.7% 4.7% 4.7% 4.7% 4.7% 4.8% 4.8%
Personal Income
(Billion Current Dollars)
$297.1 $311.9 $335.9 $354.2 $374.8 $398.2 $427.8 $466.2 $507.7 $539.7 $593.1 $619.6 $626.6 $649.4 $695.5 $760.3 $824.1 $889.6 $940.8 $994.7 $1,052.8 $1,111.1 $1,171.5 $1,230.7 $1,291.7 $1,356.4 $1,424.1 $1,493.9 $1,568.2 $1,644.2 $1,724.7 $1,806.5 $1,892.0 $1,980.9 $2,072.6 $2,169.0 $2,270.4 $2,374.5 $2,481.3 $2,591.9 $2,708.1 $2,826.6 $2,947.9 $3,073.3 $3,205.7 $3,345.6
Annual Percent
Change Personal Income
8.5% 5.0% 7.7% 5.4% 5.8% 6.2% 7.4% 9.0% 8.9% 6.3% 9.9% 4.5% 1.1% 3.6% 7.1% 9.3% 8.4% 7.9% 5.8% 5.7% 5.8% 5.5% 5.4% 5.1% 5.0% 5.0% 5.0% 4.9% 5.0% 4.8% 4.9% 4.7% 4.7% 4.7% 4.6% 4.7% 4.7% 4.6% 4.5% 4.5% 4.5% 4.4% 4.3% 4.3% 4.3% 4.4%
Nonfarm Employment
(Thousands)
$7,101.2 $7,181.3 $7,275.5 $7,488.0 $7,757.5 $8,029.5 $8,263.1 $8,613.9 $8,943.7 $9,160.4 $9,431.9 $9,514.4 $9,416.3 $9,370.2 $9,497.1 $9,740.2 $10,053.6 $10,277.3 $10,480.4 $10,675.0 $10,893.0 $11,086.5 $11,259.2 $11,409.4 $11,554.7 $11,699.0 $11,844.2 $11,982.3 $12,119.8 $12,252.4 $12,391.9 $12,525.0 $12,659.9 $12,795.1 $12,929.0 $13,060.5 $13,195.1 $13,328.0 $13,458.9 $13,590.6 $13,726.5 $13,867.4 $14,010.4 $14,154.9 $14,302.4 $14,453.1
Annual Percent
Change Nonfarm Employment
3.8% 1.1% 1.3% 2.9% 3.6% 3.5% 2.9% 4.2% 3.8% 2.4% 3.0% 0.9% -1.0% -0.5% 1.4% 2.6% 3.2% 2.2% 2.0% 1.9% 2.0% 1.8% 1.6% 1.3% 1.3% 1.2% 1.2% 1.2% 1.1% 1.1% 1.1% 1.1% 1.1% 1.1% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.1%
Resident Population
(Thousands)
17,111.8 17,450.4 17,815.8 18,214.7 18,613.6 19,005.4 19,393.3 19,796.5 20,210.8 20,606.2 20,991.7 21,377.3 21,762.9 22,139.9 22,516.7 22,987.7 23,517.8 23,868.7 24,253.9 24,629.5 24,995.8 25,353.0 25,704.3 26,047.6 26,388.7 26,729.9 27,070.2 27,407.1 27,737.3 28,055.9 28,359.7 28,650.6 28,932.0 29,203.8 29,467.5 29,724.6 29,976.1 30,221.7 30,460.3 30,693.5 30,922.3 31,145.7 31,362.7 31,576.0 31,790.7 32,011.2
Annual Percent
Change Resident Population
1.5% 2.0% 2.1% 2.2% 2.2% 2.1% 2.0% 2.1% 2.1% 2.0% 1.9% 1.8% 1.8% 1.7% 1.7% 2.1% 2.3% 1.5% 1.6% 1.5% 1.5% 1.4% 1.4% 1.3% 1.3% 1.3% 1.3% 1.2% 1.2% 1.1% 1.1% 1.0% 1.0% 0.9% 0.9% 0.9% 0.8% 0.8% 0.8% 0.8% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7%
Unemployment Rate
(%)
6.4% 7.0% 7.6% 7.2% 6.6% 6.1% 5.8% 5.4% 4.8% 4.6% 4.2% 4.8% 6.3% 6.7% 6.0% 5.3% 4.9% 4.3% 4.8% 4.9% 4.9% 4.8% 4.8% 4.9% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 4.9% 4.9% 4.9%
Taxable Oil Price
(dollars per Barrel)
$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
Taxable Natural Gas Price
(dollars per Mcf)
$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
U. S. ECONOMY  
Gross U.S. Product
(Billion CY2000 Dollars )
$7,112.5 $7,100.5 $7,336.6 $7,532.7 $7,835.5 $8,031.7 $8,328.9 $8,703.5 $9,066.9 $9,470.4 $9,817.0 $9,890.7 $10,048.9 $10,301.1 $10,675.7 $11,003.5 $11,319.4 $11,542.2 $11,777.8 $12,123.0 $12,460.3 $12,805.0 $13,136.1 $13,446.8 $13,767.1 $14,099.6 $14,438.9 $14,782.7 $15,157.9 $15,536.7 $15,918.8 $16,292.4 $16,681.4 $17,079.1 $17,493.4 $17,930.3 $18,371.6 $18,814.3 $19,264.6 $19,733.3 $20,227.8 $20,728.7 $21,234.3 $21,753.8 $22,297.9 $22,857.6
Annual Percent
Change Gross U.S. Product CY2000 $
1.8% -0.2% 3.3% 2.7% 4.0% 2.5% 3.7% 4.5% 4.2% 4.4% 3.7% 0.8% 1.6% 2.5% 3.6% 3.1% 2.9% 2.0% 2.0% 2.9% 2.8% 2.8% 2.6% 2.4% 2.4% 2.4% 2.4% 2.4% 2.5% 2.5% 2.5% 2.3% 2.4% 2.4% 2.4% 2.5% 2.5% 2.4% 2.4% 2.4% 2.5% 2.5% 2.4% 2.4% 2.5% 2.5%
Consumer Price Index
(1982-84=100)
130.7 136.2 140.3 144.5 148.2 152.4 156.9 160.5 163.0 166.6 172.2 177.0 179.9 184.0 188.9 195.3 201.6 207.0 210.8 214.5 218.6 222.5 226.5 230.5 234.9 239.6 244.2 249.0 253.7 258.4 263.4 268.5 273.6 278.8 284.1 289.6 295.3 301.0 306.8 312.8 318.9 325.0 331.3 337.6 344.1 350.8
Annual Percent
Change Consumer Price Index
5.4% 4.2% 3.0% 3.0% 2.6% 2.8% 2.9% 2.3% 1.5% 2.2% 3.4% 2.8% 1.6% 2.3% 2.7% 3.4% 3.2% 2.7% 1.8% 1.8% 1.9% 1.8% 1.8% 1.8% 1.9% 2.0% 1.9% 2.0% 1.9% 1.9% 1.9% 1.9% 1.9% 1.9% 1.9% 1.9% 2.0% 1.9% 1.9% 1.9% 1.9% 1.9% 1.9% 1.9% 1.9% 1.9%
Prime Interest Rate
(%)
10.0% 8.5% 6.3% 6.0% 7.1% 8.8% 8.3% 8.4% 8.4% 8.0% 9.2% 6.9% 4.7% 4.1% 4.3% 6.2% 8.0% 8.1% 7.3% 7.6% 7.8% 7.8% 7.7% 7.7% 7.7% 7.7% 7.7% 7.7% 7.8% 7.8% 7.8% 7.8% 7.8% 7.8% 7.8% 7.8% 7.8% 7.8% 7.8% 7.7% 7.7% 7.7% 7.7% 7.7% 7.7% 7.7%

Source: Susan Combs, Texas Comptroller. Fall 2007 Forecast