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Texas Economic Forecast 2014-15

Texas Economy Detail
Fiscal Years 1971—2041

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 2036 2037 2038 2039 2040 2041
Texas Exports (Billions of Dollars) 3.51 3.79 5.1 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 73.91 79.36 79.38 100.06 99.57 93.55 97.49 112.66 126.25 144.09 164.3 192.39 161.27 195.99 242.39 262.68 272.51 293.63 310.58 331.18 353.76 378.81 406.76 437.77 471.48 507.65 545.79 587.27 629.56 670 711.26 753.91 799.07 845.67 895.55 949.54 1,006.76 1,065.58 1,124.97 1,186.49 1,252.35 1,322.13 1,394.28 1,471.27 1,551.58
AGRICULTURE  
Total Agricultural Receipts (Millions of Dollars) 3,366 3,793 6,148 5,765 5,834 6,216 6,531 7,242 9,784 9,184 9,549 9,454 9,165 9,617 9,393 8,639 8,940 10,096 10,749 11,592 12,113 11,451 12,512 12,846 13,076 12,733 13,140 13,175 13,061 12,924 13,512 12,447 14,862 16,637 16,697 15,973 18,405 19,597 17,180 19,684 21,985 22,596 23,379 22,797 22,792 23,067 23,640 24,333 24,918 25,584 26,275 26,988 27,695 28,529 29,380 30,128 30,833 31,526 32,190 32,825 33,479 34,194 34,969 35,742 36,495 37,274 38,075 38,900 39,743 40,599 41,472
Cash Receipts: Crops (Millions of Dollars) 1,167 1,323 2,579 2,707 2,787 3,062 3,151 2,927 3,813 3,871 4,138 4,038 3,695 3,734 3,880 3,191 2,990 3,573 4,006 3,980 4,295 3,949 4,400 4,783 4,634 5,050 5,077 5,057 4,693 3,888 4,078 4,372 4,964 5,522 6,019 5,802 7,201 8,124 6,526 8,482 6,724 7,499 7,537 6,743 6,588 6,711 6,906 7,192 7,484 7,797 8,112 8,420 8,725 9,034 9,352 9,682 10,020 10,368 10,723 11,087 11,461 11,845 12,238 12,642 13,058 13,487 13,929 14,383 14,849 15,328 15,820
Cash Receipts: Livestock (Millions of Dollars) 2,199 2,471 3,570 3,058 3,047 3,154 3,380 4,316 5,970 5,313 5,411 5,416 5,470 5,883 5,512 5,448 5,949 6,524 6,743 7,612 7,818 7,501 8,113 8,063 8,442 7,683 8,063 8,118 8,368 9,037 9,434 8,075 9,898 11,115 10,677 10,171 11,204 11,472 10,654 11,202 15,261 15,098 15,842 16,054 16,205 16,356 16,734 17,141 17,434 17,787 18,162 18,568 18,970 19,495 20,028 20,446 20,813 21,158 21,467 21,739 22,019 22,349 22,731 23,100 23,437 23,786 24,146 24,517 24,894 25,271 25,651
ENERGY AND MINING  
Oil Production (Millions of Barrels) NA NA 1,257.40 1,228.90 1,182.50 1,156.40 1,105.40 1,037.00 986.6 931.5 897 869.9 845 838.9 830.4 788.1 730 702 653.8 640.4 688.9 665.5 628.5 591.2 559.2 535.8 518.9 489.8 437.8 417.6 402.2 381.6 368.6 359.2 353.2 346.9 340.2 344.4 350 353.8 408.5 551.9 732.1 917.8 970.5 959 959.1 959.1 959.7 960.9 961.8 962.5 963 963.4 963.6 963.8 963.9 964.2 964.2 964.3 964.3 964.3 964.3 964.3 964.4 964.4 964.4 964.4 964.4 964.4 964.4
Natural Gas Production (Millions of Mcf) NA NA NA NA NA NA 11,240.50 10,646.60 10,599.40 10,658.60 10,205.70 9,614.60 8,391.70 8,575.70 8,317.10 8,248.80 7,683.80 8,022.10 7,745.90 7,987.10 8,179.30 6,404.40 4,873.90 5,050.60 4,760.30 4,816.70 5,001.70 4,978.30 4,816.00 4,822.50 5,081.30 5,113.60 5,141.70 5,174.20 5,321.30 5,714.70 6,113.00 7,129.10 7,572.50 7,035.60 7,304.40 7,496.10 7,292.10 7,306.80 7,636.60 7,679.10 7,717.40 7,747.50 7,794.80 7,833.80 7,873.00 7,912.30 7,951.90 7,991.70 8,031.60 8,071.80 8,112.10 8,152.70 8,193.50 8,234.40 8,275.60 8,317.00 8,358.60 8,400.30 8,442.40 8,484.60 8,527.00 8,569.60 8,612.50 8,655.50 8,698.80
Average Taxable Oil Price (Dollars/Barrel) NA $3.48 $3.58 $6.03 $7.39 $7.95 $8.32 $8.93 $10.31 $17.93 $30.89 $32.73 $30.28 $29.04 $27.44 $20.55 $15.50 $16.60 $15.89 $17.76 $23.01 $18.61 $17.95 $14.68 $16.22 $17.86 $20.59 $15.12 $12.91 $25.16 $27.73 $21.91 $28.61 $32.51 $46.92 $61.19 $59.13 $98.89 $59.99 $72.75 $87.91 $91.96 $95.37 $96.56 $64.35 $64.52 $69.27 $72.69 $78.83 $83.31 $87.77 $92.46 $97.41 $102.62 $108.11 $113.89 $119.99 $122.99 $126.06 $129.21 $132.44 $135.76 $139.15 $142.63 $146.19 $149.85 $153.60 $157.44 $161.37 $165.41 $169.54
Average Taxable Natural Gas Price (Dollars/Mcf) NA NA NA NA NA $0.64 $0.79 $0.89 $1.00 $1.27 $1.58 $1.91 $2.14 $2.25 $2.21 $1.82 $1.36 $1.37 $1.45 $1.45 $1.43 $1.36 1.87 1.8 1.49 1.68 2.19 2.05 1.74 2.65 4.96 2.48 4.18 4.77 $5.79 $7.54 $6.17 $7.47 $5.11 $3.91 $4.09 $3.51 $3.33 $4.31 $3.76 $3.56 $3.72 $3.91 $4.05 $4.10 $4.24 $4.43 $4.60 $4.76 $4.93 $5.10 $5.28 $5.46 $5.65 $5.84 $6.01 $6.19 $6.36 $6.52 $6.69 $6.85 $7.02 $7.20 $7.38 $7.56 $7.75
Rig Count 296 319 358 470 609 645 753 847 767 947 1,239 1,125 783 860 744 374 282 296 257 331 340 246 264 275 257 271 338 338 213 312 459 353 419 491 581 717 816 893 541 586 794 935 862 841 817 802 842 882 904 924 933 943 949 959 969 976 975 968 964 961 959 953 948 945 943 940 936 932 927 923 919
Construction  
Total Housing Starts (Thousands) NA NA NA 91.2 87.9 123.7 164.5 203.4 180.5 145.9 156.5 182.4 284.2 243.2 152.6 120.1 64.4 45.3 44.9 51.5 51.6 69.1 81.5 105.8 108.5 120.8 127.4 151.5 152.9 142.2 147.3 158.6 169.1 181.2 189.5 212.9 175.2 140.3 87 86.3 86.9 114.2 142.2 159.3 179 189.8 195.8 204.1 216.2 218.3 213 209.8 208.9 210.5 214.5 219.4 220.4 219 220.9 223.8 224.6 221.1 219.5 221 223.1 224.8 224.8 225.3 224.7 224.9 228.1
Single-Family (Thousands) NA NA NA 52.7 67.1 78.1 98.4 122.7 105.3 86.3 91.8 87 125.1 112.6 85.9 73.3 53.4 40.6 41.5 43.4 44.7 59.2 71.2 81.2 76.9 92.4 87.3 103.8 109.8 110.7 118.7 123 133.1 146.8 157.6 175.4 134.4 92.3 64.5 73 64.4 77.1 90.3 101.2 108.8 115.1 119.4 123.7 129.8 131 129.2 127.4 127 127.4 129.5 130.5 129.9 128 127.7 128.7 128.7 125.2 124.2 126 128.3 129.6 129.6 130.4 130.1 130.7 132.4
Multi-Family (Thousands) NA NA NA 38.5 20.8 45.5 66.1 80.7 75.2 59.6 64.7 95.4 159.1 130.6 66.7 46.8 11 4.6 3.4 8.1 7 9.9 10.2 24.5 31.5 28.4 40.1 47.7 43 31.5 28.6 35.6 36 34.4 31.9 37.5 40.9 48.1 22.5 13.4 22.5 36.5 47.9 59.6 70.5 74.2 74.6 76.4 80 84.8 85.1 86.4 87.9 90.7 93.1 93.7 94.7 95.5 97.9 100.6 102 104.1 105.8 107 107.9 109.1 110.2 110.8 111.8 113.2 114.2
Nonresidential Area (Millions of Square Feet) NA NA NA NA NA 88.8 97.2 122.5 151.3 140.1 174.6 167.6 133.7 141.2 172 121.5 89 64.4 60.6 53.2 75.3 66 74.1 89 92.5 98.8 114.9 149.9 161.8 160 168 137.3 130.2 122.5 129.6 156.4 185.2 181.8 112.5 78.6 77.8 86.9 114.8 117.7 135.4 160.5 181.9 194.8 204.4 211.4 214.7 217 216.8 219.9 225.4 232.5 239.5 242.1 246.1 251.1 256.5 258.8 260.8 265.9 270.5 275.6 280.6 285.4 289.5 293.6 300
Nonbuilding Value (Millions of Dollars) 673 1,124 1,070 1,158 1,652 1,164 2,108 1,791 3,160 2,886 4,157 2,040 3,297 2,777 4,044 4,041 4,262 4,193 3,501 3,394 3,264 3,102 3,914 4,281 4,681 4,778 4,482 5,168 8,365 7,803 10,132 8,650 7,231 8,941 9,343 11,915 13,606 11,105 10,010 11,552 12,527 12,382 15,046 17,004 18,214 20,231 22,122 23,497 24,560 25,744 27,114 28,514 29,726 31,148 32,842 34,689 36,780 38,789 40,892 43,076 45,507 48,025 50,638 53,529 56,480 59,633 63,080 66,669 70,426 74,332 78,577
RETAIL SALES (TAXABLE)  
Total Automobile Sales (Thousands) 619.9 737.5 948.9 767.4 678.4 858.2 1,001.20 1,051.10 1,012.40 908.6 937.4 907.8 890.6 1,021.00 1,108.80 1,042.30 875.3 915.9 961 945.8 887.3 921.6 903.7 1,029.90 1,039.30 1,215.50 1,118.40 1,189.10 1,284.00 1,406.00 1,372.00 1,430.60 1,302.70 1,247.30 1,285.30 1,283.60 1,365.50 1,272.30 880.4 887.2 998.4 1,208.50 1,430.40 1,472.00 1,513.30 1,559.60 1,582.20 1,594.00 1,609.20 1,627.20 1,639.70 1,652.20 1,663.00 1,679.20 1,709.40 1,743.70 1,778.80 1,810.50 1,836.20 1,862.40 1,887.90 1,916.50 1,941.70 1,971.20 2,007.00 2,044.20 2,084.30 2,126.80 2,169.60 2,212.60 2,255.90
Cars (Thousands) 483.3 561.4 705.1 552.1 496.5 611.9 703.7 720.5 704.5 633.3 647 588.9 576.7 635.7 674.1 639.4 533.3 548.7 571.6 554.4 520.3 512 481.3 543.5 538.9 623 545.2 546 571 604.6 561.8 563.4 504.9 467.1 503.9 539.1 550.7 567.2 394.7 375.3 416.8 517.4 630.8 647.5 674.3 728.6 766.7 780.1 797.7 817.5 831.8 846.5 862.7 869.2 892.2 917.3 942.9 967.1 988.5 1,010.40 1,032.30 1,056.10 1,078.50 1,103.80 1,132.70 1,162.80 1,194.70 1,228.50 1,262.70 1,297.40 1,332.90
Trucks (Thousands) 136.6 176 243.8 215.2 181.8 246.3 297.5 330.6 307.8 275.3 290.4 318.9 313.9 385.3 434.7 402.8 342 367.2 389.4 391.4 367 409.6 422.4 486.4 500.4 592.5 573.3 643.1 713 801.5 810.2 867.2 797.7 780.2 781.4 744.5 814.9 705.1 485.7 511.9 581.6 691.1 799.6 824.6 839.1 831.1 815.6 813.9 811.5 809.7 807.9 805.8 800.3 810 817.2 826.5 835.9 843.4 847.7 852 855.6 860.4 863.1 867.5 874.3 881.4 889.5 898.4 906.9 915.2 923
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 65,523 69,284 74,059 79,269 84,012 88,844 93,287 100,551 107,153 114,360 118,550 122,552 124,189 131,790 140,656 154,186 164,719 169,953 166,324 165,914 176,160 188,989 203,592 213,475 221,407 231,764 243,540 256,380 269,468 283,230 296,658 309,953 323,612 338,434 353,999 370,312 387,617 406,011 425,234 445,493 466,691 488,825 512,067 536,660 562,755 590,241 619,060 649,270 680,995 714,076 748,797

Source: Glenn Hegar, Texas Comptroller of Public Accounts, Winter 2014-15 Forecast