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Texas Economic Forecast 2008-09

Texas Economy Detail
Calendar Years 1970—2038

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 2036 2037 2038
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 98.85 117.24 128.76 150.89 168.16 194.81 190.07 193.41 212.40 234.37 256.22 276.95 297.64 320.23 344.22 369.14 389.45 416.59 444.64 474.40 506.10 539.99 576.48 615.98 658.39 704.02 752.71 804.70 860.72 919.77 982.26 1,048.90 1,119.38 1,193.35 1,272.08 1,354.94
AGRICULTURE  
Cash Receipts: Crops (Millions of Dollars) 1,264 1,178 1,463 2,811 2,702 2,833 3,109 3,141 2,984 3,970 3,883 4,165 3,978 3,655 3,755 3,815 3,079 3,042 3,714 4,055 4,036 4,309 3,952 4,547 4,806 4,647 5,124 5,060 5,004 4,552 4,218 5,207 6,128 6,405 7,357 7,607 6,375 9,998 9,370 7,331 7,204 7,605 8,088 8,600 9,077 9,554 10,041 10,554 11,090 11,618 12,112 12,584 13,047 13,524 14,010 14,509 15,023 15,550 16,090 16,641 17,200 17,779 18,375 18,987 19,615 20,260 20,915 21,583 22,270
Cash Receipts: Livestock (Millions of Dollars) 1,956 2,281 2,610 3,677 2,963 3,077 3,203 3,523 4,624 6,128 5,196 5,448 5,421 5,521 5,900 5,448 5,513 6,090 6,630 6,863 7,762 7,803 7,532 8,223 8,076 8,438 7,631 8,141 8,141 8,465 9,151 8,585 8,470 8,556 8,863 8,974 8,726 9,981 9,971 8,729 9,114 9,567 9,875 10,186 10,390 10,453 10,586 10,697 10,804 10,906 11,028 11,126 11,222 11,319 11,424 11,505 11,596 11,688 11,785 11,873 11,970 12,103 12,221 12,341 12,460 12,579 12,693 12,812 12,922
Total Agricultural Receipts (Millions of Dollars) 3,221 3,459 4,074 6,489 5,665 5,910 6,312 6,663 7,608 10,098 9,079 9,613 9,399 9,176 9,655 9,262 8,591 9,132 10,344 10,919 11,798 12,113 11,484 12,770 12,882 13,085 12,755 13,201 13,145 13,018 13,369 13,792 14,599 14,961 16,220 16,582 15,101 19,978 19,341 16,061 16,318 17,171 17,963 18,786 19,467 20,007 20,627 21,251 21,894 22,524 23,140 23,710 24,269 24,843 25,434 26,014 26,619 27,238 27,875 28,514 29,170 29,883 30,596 31,327 32,075 32,839 33,608 34,395 35,192
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 1,021.2 970.9 921.0 889.7 863.7 841.1 837.0 823.6 775.2 719.0 693.5 646.0 639.7 642.3 612.4 576.5 542.1 513.8 494.2 479.7 448.3 394.3 387.1 370.5 350.4 338.8 328.6 326.3 327.7 316.1 322.9 319.6 316.4 307.0 297.7 288.8 280.2 271.7 263.6 255.7 248.0 240.6 233.4 226.4 219.6 213.0 206.6 200.4 194.4 188.5 182.9 177.4 172.1 166.9 161.9 157.1 152.3 147.8 143.3 139.0 134.9
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 4,105.7 4,193.3 4,151.4 4,109.8 3,986.6 3,867.0 3,750.9 3,638.4 3,529.3 3,423.4 3,320.7 3,221.1 3,124.4 3,030.7 2,939.8 2,851.6 2,766.0 2,683.1 2,602.6 2,524.5 2,448.8 2,375.3 2,304.0 2,234.9 2,167.9 2,102.8 2,039.7 1,978.6 1,919.2 1,861.6 1,805.8 1,751.6
Average Taxable Oil Price (Dollars/Barrel) NA $3.48 $3.48 $4.10 $6.91 $7.81 $8.18 $8.48 $9.27 $12.59 $22.16 $34.65 $31.67 $29.26 $28.82 $26.77 $14.73 $17.54 $14.71 $17.84 $22.35 $19.05 $18.40 $16.23 $15.08 $16.45 $20.41 $18.76 $12.36 $17.39 $28.72 $23.74 $24.36 $29.35 $38.93 $52.73 $61.53 $68.49 $95.01 $32.39 $41.62 $51.75 $67.50 $76.50 $85.50 $88.38 $88.37 $88.36 $88.36 $88.44 $88.64 $88.14 $87.64 $87.14 $86.64 $86.14 $86.65 $87.16 $87.68 $88.19 $88.71 $90.65 $92.59 $94.54 $96.48 $98.43 $100.42 $102.58 $104.62
Average Taxable Natural Gas Price (Dollars/Mcf) NA NA NA NA NA NA $0.69 $0.85 $0.92 $1.13 $1.42 $1.77 $2.04 $2.22 $2.24 $2.11 $1.50 $1.34 $1.42 $1.45 $1.48 $1.37 $1.54 $1.77 $1.59 $1.39 $1.96 $2.07 $1.79 $2.05 $3.71 $3.80 $2.97 $4.87 $5.52 $7.24 $6.27 $6.47 $7.75 $4.85 $5.29 $5.99 $6.61 $7.49 $8.37 $8.47 $8.67 $8.87 $9.07 $9.31 $9.62 $9.82 $10.02 $10.23 $10.45 $10.66 $10.83 $10.99 $11.15 $11.33 $11.50 $11.65 $11.83 $12.02 $12.22 $12.42 $12.62 $12.83 $13.04
Rig Count 303 291 326 377 508 637 653 779 855 770 990 1,320 991 792 855 673 302 295 282 267 348 315 250 263 274 251 283 357 303 226 341 462 339 449 506 614 746 834 932 855 510 599 779 828 766 726 712 704 696 688 682 677 666 656 646 637 629 623 617 611 606 600 601 602 603 604 605 606 607
CONSTRUCTION  
Single-Family (Thousands) NA NA NA 111.3 52.9 75.9 94.5 119.4 121.3 94.6 87.6 84.2 92.3 116.4 104.2 82.0 66.9 51.4 40.9 40.6 44.0 48.4 63.6 75.8 80.5 80.2 91.4 89.3 110.1 108.0 112.7 119.3 126.3 139.1 147.4 167.1 167.5 124.3 85.8 52.5 111.4 138.7 150.8 158.3 156.2 154.1 156.7 154.8 154.7 155.2 154.5 151.9 150.4 148.8 149.2 151.3 152.6 150.6 146.7 145.5 147.3 147.9 144.1 142.8 144.6 147.6 151.1 153.3 154.5
Multi-Family (Thousands) NA NA NA 48.3 32.4 23.7 47.5 84.3 88.0 79.8 54.9 64.4 105.3 168.0 105.4 65.9 37.8 8.2 3.9 3.4 8.3 9.6 9.7 11.4 29.0 31.8 29.9 42.3 47.9 40.6 31.8 28.7 35.6 37.8 33.5 33.8 38.8 44.0 53.4 43.6 40.1 45.2 53.0 59.2 62.0 65.5 66.4 67.6 69.5 70.7 70.5 69.8 69.7 69.6 69.7 70.3 71.1 72.0 72.8 73.5 74.4 74.8 75.0 75.2 76.1 77.3 78.5 79.7 80.3
Total Housing Starts (Thousands) NA NA NA 159.6 85.3 99.6 142.1 203.6 209.3 174.4 142.5 148.6 197.6 284.4 209.6 147.9 104.7 59.6 44.8 44.1 52.2 58.0 73.2 87.2 109.5 112.1 121.2 131.6 158.0 148.6 144.5 148.0 161.8 176.9 180.9 200.9 206.3 168.3 139.2 96.1 151.5 183.9 203.7 217.5 218.1 219.5 223.1 222.4 224.2 225.8 225.0 221.7 220.1 218.4 218.9 221.5 223.7 222.6 219.5 219.0 221.7 222.8 219.1 218.0 220.7 224.9 229.7 233.0 234.8
Nonresidential Area (Millions of Square Feet) 80.2 90.0 98.3 111.1 95.5 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 63.8 68.3 66.5 80.2 90.0 93.3 100.7 120.4 162.0 158.9 163.1 159.5 132.1 130.3 125.1 134.7 167.8 178.9 161.6 99.3 94.8 129.7 157.4 181.8 193.6 199.1 205.6 207.6 209.1 212.1 214.3 214.5 215.4 216.4 218.1 221.6 226.3 229.5 230.5 231.8 235.2 239.6 241.7 242.6 246.4 251.0 256.8 263.2 267.9
Nonbuilding Value (Millions of Dollars) 775 912 1,007 1,026 1,234 1,554 1,702 1,711 2,189 3,683 2,408 3,998 1,998 3,507 3,205 3,875 3,977 4,360 4,156 3,221 3,390 3,267 3,420 3,950 4,172 5,024 4,453 4,729 5,297 9,386 8,019 10,048 7,426 8,243 8,571 9,746 14,026 11,282 9,259 8,751 7,971 8,465 9,672 10,869 11,926 12,824 13,715 14,541 15,360 16,281 17,278 18,269 19,316 20,404 21,527 22,727 24,057 25,473 26,907 28,344 29,866 31,554 33,318 35,024 36,841 38,705 40,729 42,963 45,211
RETAIL SALES (TAXABLE)  
Cars (Thousands) 454.0 533.8 609.8 669.0 507.5 535.3 626.3 711.5 719.3 701.4 609.5 647.9 592.2 576.7 634.6 689.3 615.7 526.6 555.8 565.7 565.4 509.1 484.7 500.5 539.0 586.3 585.7 552.4 547.9 569.0 603.6 587.5 535.4 486.2 469.8 515.5 534.9 562.0 610.1 600.0 612.0 638.2 672.5 695.0 713.9 730.9 742.3 750.8 759.9 766.6 773.3 779.3 786.8 794.0 801.8 810.8 820.5 830.3 840.4 851.3 864.1 877.3 890.3 903.6 918.1 933.1 948.7 965.1 981.8
Trucks (Thousands) 140.3 150.8 191.2 247.4 194.6 197.2 259.1 304.9 330.0 309.3 261.9 301.0 325.7 322.6 398.2 436.5 381.8 348.7 371.2 391.0 395.3 368.5 404.5 441.0 480.3 541.2 580.8 591.9 664.9 715.8 811.2 864.2 822.0 791.2 784.3 762.1 760.9 825.3 648.5 549.2 605.4 614.1 652.9 673.5 686.6 701.7 702.3 710.4 710.7 713.9 717.7 720.8 726.1 730.3 735.2 741.5 748.2 754.4 760.7 768.0 777.6 787.4 796.5 806.1 817.1 828.5 840.7 853.6 866.9
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 1,212.7 1,284.8 1,414.8 1,451.7 1,357.5 1,277.4 1,254.2 1,277.5 1,295.9 1,387.3 1,258.7 1,149.2 1,217.3 1,252.3 1,325.4 1,368.5 1,400.5 1,432.6 1,444.6 1,461.2 1,470.7 1,480.5 1,491.1 1,500.1 1,512.9 1,524.3 1,537.0 1,552.3 1,568.8 1,584.7 1,601.1 1,619.3 1,641.8 1,664.6 1,686.8 1,709.7 1,735.2 1,761.5 1,789.5 1,818.7 1,848.8
Retail Sales, Excluding Automobiles (Taxable, 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 70,413 75,292 79,997 85,759 90,431 95,754 100,852 108,635 116,075 122,878 127,156 128,370 130,263 136,434 146,349 160,007 170,173 176,595 179,266 186,818 197,797 211,243 224,673 237,497 250,737 264,443 278,431 292,584 308,040 324,056 340,052 356,705 374,189 392,249 411,111 431,084 452,289 474,477 497,580 522,009 547,620 574,203 601,849 631,140 662,373 695,292 730,275 767,217

Source: Susan Combs, Texas Comptroller of Public Accounts, 2008-09 Forecast