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Texas Economic Forecast 2009-10

Economic Summary
Fiscal Years 1991—2039

Download Data (CSV)

Year 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 2039
Gross State Product (Billion FY2000 Dollars) $466.4 $485.4 $507.1 $531.2 $551.3 $574.4 $615.1 $656.3 $691.9 $722.3 $741.0 $757.4 $766.8 $796.6 $824.3 $857.6 $896.9 $926.8 $909.9 $927.3 $958.6 $992.6 $1,028.9 $1,064.1 $1,100.0 $1,132.9 $1,164.7 $1,197.3 $1,231.7 $1,269.8 $1,306.7 $1,346.0 $1,387.5 $1,430.4 $1,476.7 $1,525.5 $1,575.6 $1,628.4 $1,682.4 $1,738.9 $1,796.3 $1,855.7 $1,918.1 $1,985.7 $2,057.6 $2,133.3 $2,211.5 $2,292.1 $2,371.9
Annual Percent Change for Gross State Product (Billion FY2000 Dollars) 1.3% 4.1% 4.5% 4.7% 3.8% 4.2% 7.1% 6.7% 5.4% 4.4% 2.6% 2.2% 1.2% 3.9% 3.5% 4.0% 4.6% 3.3% -1.8% 1.9% 3.4% 3.6% 3.7% 3.4% 3.4% 3.0% 2.8% 2.8% 2.9% 3.1% 2.9% 3.0% 3.1% 3.1% 3.2% 3.3% 3.3% 3.3% 3.3% 3.4% 3.3% 3.3% 3.4% 3.5% 3.6% 3.7% 3.7% 3.6% 3.5%
Gross State Product (Billion Current Dollars) $392.9 $414.5 $442.9 $472.7 $499.1 $534.6 $586.1 $622.6 $658.4 $711.9 $758.5 $779.9 $814.1 $882.6 $957.9 $1,049.9 $1,125.6 $1,212.9 $1,230.5 $1,266.4 $1,327.8 $1,395.7 $1,469.7 $1,546.6 $1,626.2 $1,703.5 $1,782.1 $1,864.6 $1,951.4 $2,045.8 $2,141.5 $2,243.4 $2,351.5 $2,465.0 $2,587.8 $2,718.5 $2,856.3 $3,002.3 $3,156.0 $3,319.5 $3,488.8 $3,666.2 $3,854.0 $4,058.0 $4,277.5 $4,511.0 $4,756.2 $5,014.1 $5,277.5
Annual Percent Change for Gross State Product (Billion Current Dollars) 4.9% 5.5% 6.9% 6.7% 5.6% 7.1% 9.6% 6.2% 5.7% 8.1% 6.5% 2.8% 4.4% 8.4% 8.5% 9.6% 7.2% 7.8% 1.4% 2.9% 4.8% 5.1% 5.3% 5.2% 5.1% 4.8% 4.6% 4.6% 4.7% 4.8% 4.7% 4.8% 4.8% 4.8% 5.0% 5.1% 5.1% 5.1% 5.1% 5.2% 5.1% 5.1% 5.1% 5.3% 5.4% 5.5% 5.4% 5.4% 5.3%
Personal Income (Billion Current Dollars) $307.8 $329.1 $349.9 $368.8 $393.4 $419.4 $456.1 $497.8 $530.3 $581.3 $615.6 $624.0 $641.4 $681.3 $741.7 $806.6 $868.9 $928.7 $944.5 $962.6 $1,005.6 $1,059.1 $1,120.6 $1,185.3 $1,250.8 $1,318.0 $1,389.6 $1,465.4 $1,545.7 $1,631.1 $1,713.0 $1,797.7 $1,888.2 $1,984.5 $2,088.1 $2,198.4 $2,315.1 $2,438.4 $2,568.5 $2,707.4 $2,851.5 $3,002.2 $3,162.6 $3,336.3 $3,523.6 $3,723.2 $3,933.4 $4,155.4 $4,391.2
Annual Percent Change for Personal Income 6.3% 6.9% 6.3% 5.4% 6.7% 6.6% 8.7% 9.2% 6.5% 9.6% 5.9% 1.4% 2.8% 6.2% 8.9% 8.8% 7.7% 6.9% 1.7% 1.9% 4.5% 5.3% 5.8% 5.8% 5.5% 5.4% 5.4% 5.5% 5.5% 5.5% 5.0% 4.9% 5.0% 5.1% 5.2% 5.3% 5.3% 5.3% 5.3% 5.4% 5.3% 5.3% 5.3% 5.5% 5.6% 5.7% 5.6% 5.6% 5.7%
Nonfarm Employment (Thousands) 7,170.6 7,241.6 7,431.9 7,678.0 7,971.4 8,196.0 8,523.1 8,866.5 9,111.6 9,365.8 9,531.5 9,426.7 9,375.4 9,450.6 9,667.8 9,984.5 10,312.8 10,585.5 10,479.8 10,353.1 10,571.5 10,862.6 11,185.5 11,472.0 11,732.0 11,957.8 12,171.9 12,398.1 12,622.7 12,850.5 13,042.1 13,229.4 13,424.9 13,627.9 13,842.7 14,068.4 14,305.0 14,551.3 14,799.7 15,059.4 15,313.4 15,573.1 15,841.0 16,127.3 16,430.2 16,745.0 17,067.5 17,400.0 17,740.6
Annual Percent Change for Nonfarm Employment 1.9% 1.0% 2.6% 3.3% 3.8% 2.8% 4.0% 4.0% 2.8% 2.8% 1.8% -1.1% -0.5% 0.8% 2.3% 3.3% 3.3% 2.6% -1.0% -1.2% 2.1% 2.8% 3.0% 2.6% 2.3% 1.9% 1.8% 1.9% 1.8% 1.8% 1.5% 1.4% 1.5% 1.5% 1.6% 1.6% 1.7% 1.7% 1.7% 1.8% 1.7% 1.7% 1.7% 1.8% 1.9% 1.9% 1.9% 1.9% 2.0%
Resident Population (Thousands) 17,356.1 17,716.4 18,110.7 18,512.6 18,908.0 19,293.2 19,690.7 20,103.7 20,507.1 20,900.0 21,285.0 21,663.5 22,019.0 22,380.5 22,775.3 23,339.5 23,783.7 24,266.1 24,749.3 25,216.8 25,658.3 26,082.6 26,512.5 26,956.2 27,419.9 27,896.9 28,377.1 28,860.2 29,349.3 29,842.1 30,335.9 30,831.6 31,331.5 31,838.1 32,352.8 32,876.1 33,409.0 33,951.4 34,503.4 35,063.1 35,630.8 36,209.1 36,797.7 37,397.8 38,010.3 38,635.0 39,271.0 39,917.3 40,573.1
Annual Percent Change for Resident Population 1.9% 2.1% 2.2% 2.2% 2.1% 2.0% 2.1% 2.1% 2.0% 1.9% 1.8% 1.8% 1.6% 1.6% 1.8% 2.5% 1.9% 2.0% 2.0% 1.9% 1.8% 1.7% 1.6% 1.7% 1.7% 1.7% 1.7% 1.7% 1.7% 1.7% 1.7% 1.6% 1.6% 1.6% 1.6% 1.6% 1.6% 1.6% 1.6% 1.6% 1.6% 1.6% 1.6% 1.6% 1.6% 1.6% 1.6% 1.6% 1.6%
Unemployment Rate (%) 6.6% 7.5% 7.3% 6.7% 6.0% 5.8% 5.5% 5.0% 4.8% 4.4% 4.7% 6.1% 6.7% 6.3% 5.5% 5.1% 4.5% 4.7% 6.8% 8.2% 7.7% 7.4% 6.8% 6.4% 6.3% 6.1% 5.9% 5.7% 5.4% 5.0% 4.8% 4.7% 4.7% 4.6% 4.6% 4.6% 4.6% 4.6% 4.6% 4.6% 4.6% 4.6% 4.5% 4.5% 4.5% 4.5% 4.4% 4.4% 4.4%
U. S. ECONOMY  
Gross U.S. Product (Billion FY2000 Dollars ) 7,995.1 8,200.1 8,466.8 8,780.8 9,048.5 9,331.9 9,750.3 10,158.9 10,653.2 11,145.9 11,335.8 11,498.3 11,729.7 12,171.9 12,553.8 12,898.3 13,171.4 13,374.5 12,992.3 13,176.8 13,515.6 13,996.2 14,427.7 14,802.4 15,175.3 15,556.0 15,939.3 16,366.0 16,832.4 17,346.5 17,811.9 18,271.0 18,745.5 19,222.9 19,731.7 20,247.6 20,748.2 21,262.4 21,775.9 22,323.6 22,890.7 23,451.4 24,036.2 24,656.6 25,292.0 25,951.2 26,625.4 27,314.7 28,047.9
Annual Percent Change for Gross Domestic Product -0.6% 2.6% 3.3% 3.7% 3.0% 3.1% 4.5% 4.2% 4.9% 4.6% 1.7% 1.4% 2.0% 3.8% 3.1% 2.7% 2.1% 1.5% -2.9% 1.4% 2.6% 3.6% 3.1% 2.6% 2.5% 2.5% 2.5% 2.7% 2.9% 3.1% 2.7% 2.6% 2.6% 2.5% 2.6% 2.6% 2.5% 2.5% 2.4% 2.5% 2.5% 2.4% 2.5% 2.6% 2.6% 2.6% 2.6% 2.6% 2.7%
Consumer Price Index (1982-84=100) 135.2 139.2 143.5 147.3 151.4 155.6 159.8 162.4 165.5 170.7 176.2 178.9 183.1 187.3 193.5 200.6 205.3 214.4 213.7 216.2 220.5 225.4 229.6 234.1 238.5 243.2 247.8 252.5 257.1 261.6 266.1 270.8 275.5 280.6 285.9 291.2 296.9 302.5 308.5 314.7 321.0 327.2 333.5 339.9 346.6 353.2 360.0 366.9 374.0
Annual Percent Change for Consumer Price Index 5.0% 3.0% 3.1% 2.6% 2.8% 2.8% 2.7% 1.6% 1.9% 3.2% 3.2% 1.5% 2.4% 2.3% 3.3% 3.7% 2.3% 4.4% -0.3% 1.2% 2.0% 2.2% 1.9% 1.9% 1.9% 1.9% 1.9% 1.9% 1.8% 1.7% 1.7% 1.7% 1.7% 1.8% 1.9% 1.9% 1.9% 1.9% 2.0% 2.0% 2.0% 1.9% 1.9% 1.9% 1.9% 1.9% 1.9% 1.9% 1.9%
Prime Interest Rate (%) 9.1% 6.7% 6.0% 6.6% 8.7% 8.4% 8.4% 8.5% 7.9% 9.0% 8.0% 4.9% 4.2% 4.1% 5.7% 7.6% 8.2% 6.0% 3.5% 3.3% 4.2% 6.1% 6.5% 7.3% 7.8% 7.8% 7.8% 7.8% 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% 7.8% 7.8% 7.8% 7.8% 7.8% 7.8%

Source: Susan Combs, Texas Comptroller of Public Accounts and IHS Global Insight, Inc.