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Texas Economy Detail
Texas Economic Forecast 2016-17
Texas Economy Detail
Fiscal Years 1991—2046
| 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 | 2040 | 2041 | 2042 | 2043 | 2044 | 2045 | 2046 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Texas Exports (Millions of Dollars) | 41,450.00 | 44,530.00 | 46,260.00 | 52,390.00 | 60,510.00 | 65,320.00 | 73,910.00 | 79,358.50 | 79,377.70 | 100,062.40 | 99,570.20 | 93,552.30 | 97,487.50 | 112,663.10 | 126,250.40 | 144,087.40 | 164,291.30 | 192,372.50 | 161,249.80 | 195,980.60 | 242,377.10 | 261,978.20 | 272,200.00 | 293,900.00 | 264,100.00 | 233,700.00 | 240,766.60 | 253,518.10 | 247,230.40 | 237,903.70 | 246,664.90 | 258,853.20 | 273,252.30 | 289,298.20 | 307,652.50 | 327,374.20 | 347,674.80 | 368,388.50 | 390,025.80 | 412,190.30 | 435,835.80 | 460,726.30 | 486,351.70 | 513,014.60 | 541,299.60 | 571,551.50 | 602,562.40 | 634,733.40 | 667,655.10 | 701,435.70 | 736,455.10 | 772,775.80 | 809,777.40 | 847,449.70 | 886,341.20 | 926,539.50 |
| ENERGY AND MINING | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Oil Production (Millions of Barrels) | 540.7 | 520.9 | 493.1 | 464.1 | 436.7 | 418.5 | 402.8 | 391.7 | 340.2 | 334.7 | 320.8 | 308.4 | 299.8 | 294.5 | 290.7 | 288.6 | 285.4 | 286.9 | 291.7 | 294.9 | 341.1 | 461.8 | 613.2 | 778.3 | 938.2 | 878.4 | 839.2 | 849.7 | 870.7 | 892.5 | 905.7 | 917.8 | 927 | 936.4 | 939 | 942.8 | 945.6 | 950.3 | 949.3 | 950.4 | 951.3 | 954.5 | 952.4 | 952.7 | 952.9 | 955.7 | 953.3 | 953.4 | 953.4 | 956.1 | 953.5 | 953.6 | 953.6 | 956.2 | 953.6 | 959.4 |
| Natural Gas Production (Millions of Mcf) | 5,337.60 | 5,005.70 | 4,814.50 | 4,927.70 | 4,972.20 | 5,026.10 | 5,085.80 | 5,135.00 | 5,086.40 | 5,123.20 | 5,235.00 | 5,156.50 | 5,137.00 | 5,106.20 | 5,130.90 | 5,381.40 | 5,808.60 | 6,503.90 | 6,847.50 | 6,733.90 | 6,887.90 | 7,274.00 | 7,539.30 | 7,796.70 | 7,922.50 | 7,464.60 | 6,803.03 | 7,057.05 | 6,993.66 | 6,969.48 | 6,931.56 | 6,916.64 | 6,908.19 | 6,916.45 | 6,900.95 | 6,899.68 | 6,899.54 | 6,912.47 | 6,899.51 | 6,899.51 | 6,899.50 | 6,912.45 | 6,899.50 | 6,899.50 | 6,899.50 | 6,912.44 | 6,899.50 | 6,899.50 | 6,899.50 | 6,912.44 | 6,899.50 | 6,899.50 | 6,899.50 | 6,912.44 | 6,899.50 | 6,899.50 |
| Average Taxable Oil Price (Dollars/Barrel) | $25.42 | $20.91 | $20.13 | $16.86 | $18.27 | $19.60 | $22.27 | $17.13 | $14.95 | $26.70 | $29.76 | $23.74 | $30.11 | $34.56 | $50.31 | $65.63 | $63.45 | $101.93 | $64.09 | $76.32 | $91.25 | $94.28 | $93.65 | $101.05 | $64.94 | $41.40 | $47.73 | $55.11 | $59.26 | $61.63 | $62.99 | $64.31 | $66.11 | $68.62 | $72.14 | $76.97 | $81.56 | $84.93 | $87.35 | $89.07 | $90.29 | $91.14 | $91.73 | $92.15 | $92.44 | $92.64 | $92.78 | $92.88 | $92.95 | $92.99 | $93.03 | $93.05 | $93.06 | $93.08 | $93.08 | $93.09 |
| Average Taxable Natural Gas Price (Dollars/Mcf) | n/a | n/a | n/a | n/a | $1.66 | $2.11 | $2.43 | $2.47 | $2.05 | $2.86 | $5.41 | $2.84 | $4.80 | $5.55 | $6.57 | $9.28 | $7.06 | $8.47 | $5.91 | $4.43 | $4.20 | $3.10 | $3.48 | $4.18 | $3.34 | $2.30 | $3.15 | $3.05 | $2.92 | $2.99 | $3.09 | $3.22 | $3.50 | $3.68 | $3.91 | $4.03 | $4.07 | $4.08 | $4.09 | $4.10 | $4.10 | $4.11 | $4.12 | $4.13 | $4.14 | $4.14 | $4.15 | $4.16 | $4.17 | $4.18 | $4.19 | $4.19 | $4.20 | $4.21 | $4.22 | $4.23 |
| Rig Count | 340 | 246 | 264 | 275 | 257 | 271 | 338 | 338 | 213 | 312 | 459 | 353 | 419 | 491 | 581 | 717 | 812 | 892 | 544 | 585 | 793 | 915 | 848 | 856 | 656 | 275 | 256 | 295 | 320 | 335 | 344 | 351 | 354 | 358 | 359 | 360 | 361 | 363 | 363 | 363 | 364 | 365 | 364 | 364 | 364 | 365 | 364 | 364 | 364 | 365 | 365 | 365 | 365 | 366 | 365 | 367 |
| Construction | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Housing Starts (Thousands) | 51.6 | 69.2 | 81.5 | 105.9 | 108.5 | 121 | 127.6 | 151.7 | 152.9 | 142.3 | 147.4 | 159 | 169.2 | 181.4 | 189.7 | 213.4 | 175.5 | 140.9 | 87 | 86.3 | 87.2 | 114.4 | 135.7 | 154.2 | 165 | 166.1 | 171.5 | 187.6 | 201.6 | 211.1 | 217.9 | 221 | 222.6 | 221.5 | 221 | 219.9 | 219.2 | 217.6 | 217.5 | 222.1 | 225.2 | 221.3 | 220.4 | 227.8 | 235.5 | 240.6 | 241.3 | 241.3 | 239.8 | 240.2 | 243.4 | 245.1 | 248.3 | 252.9 | 257 | 260.4 |
| Single-Family (Thousands) | 44.7 | 59.3 | 71.3 | 81.4 | 76.9 | 92.6 | 87.5 | 104 | 109.9 | 110.8 | 118.8 | 123.3 | 133.2 | 147 | 157.8 | 175.9 | 134.6 | 92.8 | 64.5 | 73 | 64.7 | 77.7 | 87.3 | 96.3 | 107.9 | 109.4 | 117.6 | 123.5 | 130.1 | 135.4 | 138.5 | 139.2 | 140.6 | 140.5 | 140.4 | 139.8 | 138.1 | 135 | 133.7 | 137.4 | 139.5 | 134.6 | 132.6 | 138.2 | 144 | 148.2 | 148.6 | 149 | 148 | 148.4 | 150.9 | 151 | 152.7 | 156.6 | 160.8 | 164.4 |
| Multi-Family (Thousands) | 6.9 | 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 | 36.7 | 48.4 | 57.9 | 57.2 | 56.6 | 53.9 | 64.1 | 71.4 | 75.8 | 79.4 | 81.8 | 82 | 81 | 80.6 | 80.1 | 81.1 | 82.6 | 83.7 | 84.7 | 85.7 | 86.7 | 87.8 | 89.6 | 91.4 | 92.4 | 92.8 | 92.3 | 91.8 | 91.7 | 92.4 | 94.1 | 95.6 | 96.3 | 96.1 | 96 |
| RETAIL SALES (TAXABLE) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Automobile Sales (Thousands) | 3,549.30 | 3,686.50 | 3,614.80 | 4,119.50 | 4,157.30 | 4,862.10 | 4,473.70 | 4,756.60 | 5,136.10 | 5,624.10 | 5,488.00 | 5,722.30 | 5,210.60 | 4,989.20 | 5,141.10 | 5,134.40 | 5,462.10 | 5,088.80 | 3,514.90 | 3,548.50 | 3,974.50 | 4,832.70 | 5,693.20 | 6,055.90 | 6,297.80 | 6,273.70 | 6,659.80 | 6,788.20 | 6,697.00 | 6,369.70 | 6,320.00 | 6,395.30 | 6,781.10 | 6,962.90 | 6,967.40 | 6,946.80 | 6,846.10 | 6,897.30 | 6,950.50 | 6,952.80 | 6,988.60 | 7,015.00 | 7,040.10 | 7,088.10 | 7,118.30 | 7,149.60 | 7,170.50 | 7,187.40 | 7,205.60 | 7,225.70 | 7,232.70 | 7,249.80 | 7,310.50 | 7,355.10 | 7,411.20 | 7,473.00 |
| Cars (Thousands) | 2,081.20 | 2,048.10 | 1,925.10 | 2,173.90 | 2,155.70 | 2,492.00 | 2,180.70 | 2,184.00 | 2,284.10 | 2,418.30 | 2,247.10 | 2,253.50 | 2,019.70 | 1,868.50 | 2,015.70 | 2,156.50 | 2,202.60 | 2,269.60 | 1,574.20 | 1,500.20 | 1,661.90 | 2,068.80 | 2,500.90 | 2,577.30 | 2,551.20 | 2,370.60 | 2,460.90 | 2,351.20 | 2,226.90 | 2,088.90 | 2,071.10 | 2,083.10 | 2,215.80 | 2,284.60 | 2,310.60 | 2,337.10 | 2,324.90 | 2,372.40 | 2,398.10 | 2,404.40 | 2,439.70 | 2,455.80 | 2,476.10 | 2,507.90 | 2,511.80 | 2,527.00 | 2,551.10 | 2,576.50 | 2,601.50 | 2,624.80 | 2,641.20 | 2,658.70 | 2,676.90 | 2,685.60 | 2,696.10 | 2,706.00 |
| Trucks (Thousands) | 1,468.10 | 1,638.40 | 1,689.60 | 1,945.70 | 2,001.60 | 2,370.10 | 2,293.10 | 2,572.60 | 2,852.00 | 3,205.80 | 3,240.90 | 3,468.80 | 3,190.90 | 3,120.70 | 3,125.40 | 2,977.90 | 3,259.50 | 2,819.10 | 1,940.70 | 2,048.30 | 2,312.60 | 2,763.90 | 3,192.20 | 3,478.60 | 3,746.50 | 3,903.00 | 4,198.90 | 4,437.00 | 4,470.10 | 4,280.80 | 4,248.90 | 4,312.20 | 4,565.40 | 4,678.30 | 4,656.80 | 4,609.70 | 4,521.10 | 4,524.90 | 4,552.40 | 4,548.40 | 4,548.90 | 4,559.10 | 4,564.00 | 4,580.20 | 4,606.50 | 4,622.70 | 4,619.40 | 4,610.90 | 4,604.10 | 4,600.90 | 4,591.50 | 4,591.10 | 4,633.50 | 4,669.50 | 4,715.10 | 4,767.00 |
| Retail Sales, Excluding Automobiles (Taxable, Millions of Dollars) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 125,937 | 133,521 | 140,905 | 144,592 | 146,931 | 150,841 | 159,787 | 173,155 | 188,182 | 197,426 | 203,717 | 196,761 | 200,107 | 211,486 | 222,088 | 230,489 | 242,676 | 254,155 | 262,941 | 274,715 | 289,065 | 305,338 | 321,390 | 337,566 | 355,240 | 373,339 | 392,116 | 411,848 | 432,049 | 452,818 | 473,629 | 493,941 | 514,259 | 536,509 | 559,556 | 583,481 | 609,717 | 637,627 | 666,652 | 696,652 | 728,342 | 761,435 | 795,882 | 832,686 | 871,116 | 911,445 | 954,494 | 1,000,189 | 1,048,178 |
Source: Glenn Hegar, Texas Comptroller of Public Accounts, Fall 2016-17 Forecast