Top navigation skipped
Texas Economy Detail
Texas Economic Forecast 2016-17
Texas Economy Detail
Calendar Years 1990—2046
| 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 | 2036 | 2037 | 2038 | 2039 | 2040 | 2041 | 2042 | 2043 | 2044 | 2045 | 2046 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Texas Exports (Millions of Dollars) | 37,404 | 42,518 | 45,135 | 47,211 | 54,229 | 62,221 | 66,883 | 76,192 | 78,878 | 83,190 | 103,909 | 95,054 | 95,491 | 98,934 | 117,375 | 129,232 | 150,749 | 168,069 | 192,147 | 162,919 | 206,910 | 250,224 | 265,352 | 279,695 | 289,023 | 251,087 | 227,987 | 234,881 | 247,321 | 241,187 | 232,088 | 240,635 | 252,526 | 266,573 | 282,226 | 300,132 | 319,372 | 339,176 | 359,383 | 380,492 | 402,114 | 425,182 | 449,464 | 474,463 | 500,474 | 528,068 | 557,580 | 587,833 | 619,218 | 651,334 | 684,289 | 718,453 | 753,886 | 789,983 | 826,734 | 864,675 | 903,890 |
| ENERGY AND MINING | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Oil Production (Millions of Barrels) | 533 | 535.2 | 510.4 | 480.3 | 451.7 | 428.3 | 411.6 | 399.8 | 373.5 | 328.6 | 331.9 | 317.8 | 302.4 | 299 | 291.1 | 290.4 | 288 | 284.3 | 289.7 | 290.8 | 308.8 | 381.8 | 523.3 | 680 | 858.7 | 932.5 | 852 | 840.6 | 858.3 | 879.2 | 899.5 | 911.2 | 922 | 930.1 | 938.7 | 940.7 | 944.1 | 946.6 | 951 | 949.8 | 950.8 | 951.5 | 954.7 | 952.5 | 952.8 | 953 | 955.8 | 953.3 | 953.4 | 953.5 | 956.1 | 953.6 | 953.6 | 953.6 | 956.2 | 953.6 | 951 |
| Natural Gas Production (Millions of Mcf) | 5,398.70 | 5,276.60 | 4,734.70 | 4,894.30 | 4,961.10 | 4,983.40 | 5,068.90 | 5,102.80 | 5,167.20 | 5,005.60 | 5,240.90 | 5,229.10 | 5,084.00 | 5,190.00 | 5,022.40 | 5,239.50 | 5,523.20 | 6,094.00 | 6,913.90 | 6,781.20 | 6,686.70 | 7,089.10 | 7,459.00 | 7,619.60 | 7,973.80 | 7,871.20 | 6,996.00 | 6,882.20 | 7,051.00 | 6,973.80 | 6,955.50 | 6,923.10 | 6,911.80 | 6,905.50 | 6,915.00 | 6,900.10 | 6,899.60 | 6,899.50 | 6,912.50 | 6,899.50 | 6,899.50 | 6,899.50 | 6,912.40 | 6,899.50 | 6,899.50 | 6,899.50 | 6,912.40 | 6,899.50 | 6,899.50 | 6,899.50 | 6,912.40 | 6,899.50 | 6,899.50 | 6,899.50 | 6,912.40 | 6,899.50 | 6,899.50 |
| Average Taxable Oil Price (Dollars/Barrel) | $24.50 | $21.46 | $20.57 | $18.48 | $17.18 | $18.40 | $22.01 | $20.61 | $14.43 | $19.24 | $30.20 | $25.90 | $26.08 | $31.04 | $41.40 | $56.56 | $66.22 | $72.31 | $99.65 | $61.80 | $79.53 | $95.12 | $94.21 | $97.97 | $93.00 | $48.79 | $42.40 | $51.12 | $57.12 | $60.41 | $62.27 | $63.50 | $64.99 | $67.06 | $69.94 | $74.01 | $79.05 | $83.10 | $86.04 | $88.14 | $89.63 | $90.68 | $91.41 | $91.93 | $92.28 | $92.53 | $92.71 | $92.83 | $92.91 | $92.97 | $93.01 | $93.04 | $93.06 | $93.07 | $93.08 | $93.09 | $93.10 |
| Average Taxable Natural Gas Price (Dollars/Mcf) | NA | NA | NA | NA | $1.95 | $1.69 | $2.51 | $2.47 | $2.16 | $2.31 | $4.31 | $4.03 | $3.36 | $5.50 | $6.19 | $9.00 | $6.99 | $7.12 | $8.90 | $4.16 | $4.40 | $4.03 | $2.82 | $3.73 | $4.28 | $2.63 | $2.55 | $3.25 | $2.91 | $2.91 | $3.03 | $3.16 | $3.36 | $3.60 | $3.80 | $3.99 | $4.06 | $4.07 | $4.08 | $4.09 | $4.10 | $4.11 | $4.12 | $4.12 | $4.13 | $4.14 | $4.15 | $4.16 | $4.17 | $4.17 | $4.18 | $4.19 | $4.20 | $4.21 | $4.22 | $4.22 | $4.23 |
| Rig Count | 348 | 315 | 250 | 263 | 274 | 251 | 283 | 357 | 303 | 226 | 341 | 462 | 339 | 449 | 506 | 613 | 745 | 834 | 898 | 432 | 659 | 838 | 899 | 834 | 882 | 430 | 230 | 272 | 308 | 327 | 339 | 346 | 354 | 358 | 361 | 362 | 363 | 364 | 366 | 365 | 366 | 366 | 367 | 366 | 366 | 366 | 367 | 367 | 367 | 367 | 368 | 367 | 367 | 367 | 368 | 367 | 366 |
| CONSTRUCTION | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Housing Starts (Thousands) | 52.6 | 56.4 | 71.7 | 86.5 | 109.6 | 110.1 | 122.3 | 131.8 | 157.3 | 147.2 | 143.1 | 147.9 | 162.6 | 176.4 | 178.5 | 199.2 | 207.2 | 167.8 | 126.5 | 81.5 | 85.2 | 93.9 | 123.5 | 138.8 | 155.4 | 169.1 | 165.9 | 173.7 | 191.7 | 204.2 | 213.1 | 218.9 | 221.7 | 222.4 | 221.4 | 220.7 | 219.6 | 219 | 217.2 | 218.2 | 223.6 | 224.6 | 220 | 222.2 | 229.5 | 237.5 | 240.7 | 241.6 | 241 | 239.4 | 241 | 243.7 | 246 | 249.3 | 253.9 | 258 | 261.1 |
| Single-Family (Thousands) | 43.9 | 47.6 | 62.6 | 74.9 | 80.5 | 79.8 | 91.9 | 89.3 | 109.9 | 107.8 | 112.3 | 118.8 | 126.9 | 138.1 | 145.9 | 166.5 | 167.9 | 123.9 | 82.3 | 67.4 | 70.4 | 66 | 81.4 | 89.7 | 100.1 | 108.1 | 111.9 | 117.6 | 125.5 | 131.5 | 136.4 | 138.8 | 139.5 | 140.6 | 140.5 | 140.4 | 139.3 | 137.5 | 134.2 | 134.4 | 138.6 | 138.7 | 133.1 | 133.9 | 139.5 | 145.7 | 148.3 | 148.9 | 148.8 | 147.7 | 149.2 | 151 | 151.2 | 153.6 | 157.6 | 161.9 | 165.1 |
| Multi-Family (Thousands) | 8.7 | 8.7 | 9.1 | 11.7 | 29.2 | 30.3 | 30.4 | 42.5 | 47.4 | 39.5 | 30.8 | 29.1 | 35.7 | 38.3 | 32.6 | 32.7 | 39.3 | 43.9 | 44.2 | 14.1 | 14.8 | 27.9 | 42.1 | 49.2 | 55.3 | 61 | 53.9 | 56 | 66.3 | 72.7 | 76.7 | 80.1 | 82.2 | 81.7 | 80.9 | 80.4 | 80.3 | 81.5 | 83 | 83.9 | 85 | 85.9 | 86.9 | 88.3 | 90 | 91.9 | 92.5 | 92.8 | 92.2 | 91.8 | 91.8 | 92.7 | 94.8 | 95.7 | 96.2 | 96.2 | 96 |
| RETAIL SALES (TAXABLE) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Automobile Sales (Thousands) | 3,843.10 | 3,510.40 | 3,556.80 | 3,765.90 | 4,077.20 | 4,509.70 | 4,666.00 | 4,577.30 | 4,850.90 | 5,139.30 | 5,659.40 | 5,806.70 | 5,429.00 | 5,107.40 | 5,009.10 | 5,102.70 | 5,184.90 | 5,555.40 | 4,704.70 | 3,402.40 | 3,666.70 | 4,100.00 | 5,107.30 | 5,684.60 | 6,290.60 | 6,349.00 | 6,259.00 | 6,687.20 | 6,809.10 | 6,609.10 | 6,335.80 | 6,320.00 | 6,474.60 | 6,863.10 | 6,963.40 | 6,967.90 | 6,924.00 | 6,850.20 | 6,909.10 | 6,956.00 | 6,955.60 | 6,996.20 | 7,021.00 | 7,050.10 | 7,103.30 | 7,120.80 | 7,155.30 | 7,176.40 | 7,191.90 | 7,209.60 | 7,229.60 | 7,231.60 | 7,265.70 | 7,323.10 | 7,365.20 | 7,429.20 | 7,485.80 |
| Cars (Thousands) | 2,261.80 | 2,036.50 | 1,938.80 | 2,002.00 | 2,156.00 | 2,345.00 | 2,342.70 | 2,209.70 | 2,191.50 | 2,276.20 | 2,414.40 | 2,350.40 | 2,141.70 | 1,944.70 | 1,876.90 | 2,059.50 | 2,145.00 | 2,260.00 | 2,130.00 | 1,539.70 | 1,512.60 | 1,697.00 | 2,248.70 | 2,472.40 | 2,654.40 | 2,525.10 | 2,344.20 | 2,439.80 | 2,324.70 | 2,186.30 | 2,075.90 | 2,071.10 | 2,107.30 | 2,243.90 | 2,288.10 | 2,321.20 | 2,336.00 | 2,333.00 | 2,379.40 | 2,401.90 | 2,410.10 | 2,444.10 | 2,461.00 | 2,482.20 | 2,517.60 | 2,508.00 | 2,533.00 | 2,557.90 | 2,582.60 | 2,607.60 | 2,629.40 | 2,644.90 | 2,664.30 | 2,679.50 | 2,688.10 | 2,698.40 | 2,710.00 |
| Trucks (Thousands) | 1,581.40 | 1,473.80 | 1,618.00 | 1,763.90 | 1,921.20 | 2,164.70 | 2,323.30 | 2,367.60 | 2,659.40 | 2,863.20 | 3,245.00 | 3,456.30 | 3,287.30 | 3,162.70 | 3,132.20 | 3,043.20 | 3,039.80 | 3,295.40 | 2,574.70 | 1,862.70 | 2,154.10 | 2,403.00 | 2,858.60 | 3,212.20 | 3,636.20 | 3,823.90 | 3,914.80 | 4,247.40 | 4,484.40 | 4,422.70 | 4,259.90 | 4,248.90 | 4,367.20 | 4,619.20 | 4,675.30 | 4,646.60 | 4,587.90 | 4,517.20 | 4,529.70 | 4,554.10 | 4,545.50 | 4,552.00 | 4,560.00 | 4,567.90 | 4,585.70 | 4,612.80 | 4,622.30 | 4,618.50 | 4,609.30 | 4,602.00 | 4,600.20 | 4,586.70 | 4,601.40 | 4,643.60 | 4,677.10 | 4,730.70 | 4,775.80 |
| Retail Sales, Excluding Automobiles (Taxable, Millions of Dollars) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 121,746 | 127,636 | 135,645 | 142,238 | 145,077 | 147,469 | 152,824 | 162,530 | 177,178 | 190,844 | 199,511 | 202,685 | 196,525 | 202,324 | 214,676 | 224,022 | 233,005 | 246,450 | 255,961 | 265,725 | 277,879 | 293,185 | 309,399 | 325,363 | 341,800 | 359,763 | 377,907 | 397,034 | 416,846 | 437,222 | 458,046 | 478,751 | 498,871 | 519,683 | 542,206 | 565,437 | 589,812 | 616,560 | 644,808 | 674,032 | 704,390 | 736,534 | 769,863 | 804,831 | 842,212 | 880,963 | 921,954 | 965,654 | 1,012,046 | 1,060,556 |
Source: Glenn Hegar, Texas Comptroller of Public Accounts, Fall 2016-17 Forecast