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Fall 2019 Economic Forecast

Texas Economy Detail
Calendar Years 1990—2046

Download Data (XLSX)

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
Total Texas Exports (Millions of Dollars) 37,404.0 42,518.0 45,135.0 47,211.0 54,229.0 62,221.0 66,883.0 76,192.0 78,878.0 83,190.0 103,909.0 95,054.0 95,491.0 98,934.0 117,375.0 129,232.0 150,749.0 168,069.0 192,147.0 162,919.0 206,910.0 250,224.0 265,352.0 279,695.0 289,023.0 251,087.0 232,588.0 264,085.6 315,447.8 332,482.0 354,778.0 364,177.6 377,020.2 391,843.8 409,968.6 432,096.2 457,122.9 483,655.6 510,235.5 537,027.6 563,263.1 588,454.4 615,058.3 643,039.7 671,539.5 702,029.9 734,762.8 769,432.9 804,975.4 842,492.2 882,020.2 923,033.2 967,821.6 1,015,137.9 1,065,789.6 1,120,728.9 1,179,396.6
Energy and Mining
Oil Production (Millions of Barrels) 639.7 642.3 612.4 576.4 542.1 513.9 493.9 479.7 448.2 394.3 398.3 381.4 362.9 358.8 349.4 348.5 345.6 341.1 347.7 349.0 370.6 458.2 627.9 816.0 1,030.5 1,119.1 1,022.4 1,008.7 1,254.2 1,577.8 1,664.6 1,831.0 2,038.1 2,181.1 2,270.2 2,310.6 2,336.3 2,350.4 2,364.5 2,358.6 2,339.1 2,299.7 2,254.8 2,191.6 2,137.1 2,085.5 2,043.3 1,995.6 1,959.1 1,927.3 1,904.8 1,875.4 1,854.2 1,835.6 1,824.3 1,805.0 1,800.0
Natural Gas Production (Millions of MCF) 5,508.5 5,382.8 5,125.7 5,254.9 5,353.5 5,238.4 5,533.8 5,478.9 5,503.3 5,307.2 5,500.1 5,620.8 5,475.5 5,563.4 5,716.4 6,029.4 6,423.5 7,105.3 7,958.1 7,753.3 7,646.0 7,901.3 8,009.0 8,092.3 8,304.6 8,430.9 7,750.4 7,803.1 8,849.1 9,398.1 9,865.5 10,214.6 10,649.4 10,947.0 11,147.5 11,303.6 11,359.0 11,389.2 11,429.3 11,414.4 11,419.2 11,421.8 11,447.0 11,423.9 11,424.3 11,424.6 11,448.5 11,424.7 11,424.8 11,424.8 11,448.7 11,424.8 11,424.8 11,424.8 11,448.7 11,424.8 11,424.3
NYMEX Oil Price ($/Barrel) 24.50 21.46 20.57 18.48 17.18 18.40 22.01 20.61 14.43 19.24 30.20 25.90 26.08 31.04 41.40 56.56 66.22 72.31 99.65 61.80 79.53 95.12 94.21 97.97 93.00 48.79 43.32 50.95 64.73 58.00 56.00 54.00 59.00 63.00 67.00 72.00 77.00 82.00 87.00 92.00 99.00 105.00 112.00 118.00 124.00 128.00 131.00 134.00 137.00 138.00 140.00 141.00 142.00 143.00 143.00 144.00 144.00
NYMEX Natural Gas Price ($/Million BTUs) N/A N/A N/A N/A 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 3.02 3.00 3.00 2.55 2.55 2.60 2.75 3.00 3.20 3.40 3.55 3.75 3.90 4.00 4.15 4.90 5.20 5.30 5.40 5.45 5.85 6.10 6.35 6.55 6.80 7.35 7.60 8.15 8.70 9.10
Rig Count 348.9 322.3 250.9 268.4 273.6 250.9 283.0 357.6 301.7 226.1 342.5 461.9 338.3 449.0 505.9 613.5 746.0 833.8 897.6 431.5 659.3 838.4 887.1 827.2 879.5 426.1 236.2 430.6 515.0 475.5 474.0 513.3 562.7 598.5 619.6 631.7 635.0 632.3 628.0 622.2 611.8 593.5 570.4 546.8 524.7 504.0 484.8 467.6 452.1 438.0 425.3 413.6 403.0 393.1 384.1 375.7 367.8
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 93.9 123.5 139.1 156.9 169.5 162.9 167.0 173.8 181.4 176.0 178.9 184.1 183.3 184.1 187.5 184.2 178.7 176.5 177.3 181.8 187.3 183.0 182.7 185.4 189.0 189.1 188.9 188.8 187.5 189.0 191.3 192.8 195.7 200.0 203.9 207.3
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 66.0 81.3 89.6 101.6 108.4 110.3 117.7 122.4 120.9 118.5 118.9 120.8 120.4 121.5 124.7 123.1 119.5 117.9 118.4 122.2 126.3 123.1 124.6 127.7 131.7 132.1 131.4 130.6 128.7 129.6 130.7 130.9 132.7 136.0 139.4 142.2
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 49.4 55.3 61.1 52.6 49.4 51.4 60.4 57.5 60.1 63.4 62.9 62.6 62.8 61.1 59.1 58.6 58.9 59.7 61.0 60.0 58.1 57.7 57.3 57.0 57.4 58.2 58.8 59.4 60.6 61.9 62.9 64.0 64.6 65.1
Automobile Sales (Thousands) 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 1,357.2 1,276.8 1,252.3 1,275.7 1,296.2 1,388.9 1,176.2 850.6 916.7 1,025.0 1,276.7 1,422.7 1,574.2 1,587.4 1,550.9 1,537.7 1,535.0 1,542.6 1,561.1 1,613.3 1,723.1 1,732.1 1,701.3 1,700.9 1,702.5 1,684.3 1,703.4 1,719.8 1,718.4 1,728.7 1,738.2 1,753.7 1,774.9 1,791.2 1,801.5 1,809.8 1,815.7 1,821.2 1,825.1 1,822.8 1,830.6 1,846.2 1,854.3 1,866.4 1,878.1
Cars 565.4 509.1 484.7 500.5 539.0 586.3 585.7 552.4 547.9 569.0 603.6 587.6 535.4 486.2 469.2 514.9 536.3 565.0 532.5 384.9 378.1 424.3 561.8 618.7 664.2 631.5 572.7 509.9 459.1 470.4 531.6 523.0 535.6 542.7 536.8 531.2 532.1 523.5 529.2 532.5 528.6 531.1 530.1 531.0 534.4 533.1 532.8 534.0 534.7 535.2 535.4 533.8 532.4 531.9 529.4 527.1 524.5
Trucks 395.3 368.5 404.5 441.0 480.3 541.2 580.8 591.9 664.9 715.8 811.2 864.1 821.8 790.7 783.1 760.8 760.0 823.8 643.7 465.7 538.5 600.7 714.9 804.0 910.1 955.8 978.2 1,027.8 1,076.0 1,072.3 1,029.5 1,090.3 1,187.5 1,189.3 1,164.5 1,169.7 1,170.4 1,160.8 1,174.2 1,187.3 1,189.8 1,197.6 1,208.1 1,222.7 1,240.5 1,258.2 1,268.8 1,275.9 1,281.0 1,286.0 1,289.7 1,288.9 1,298.2 1,314.3 1,324.9 1,339.4 1,353.6
Retail Sales, Excluding Automobiles, Gasoline (Millions of Dollars) N/A N/A N/A N/A N/A N/A N/A 121,745.7 127,789.0 135,812.0 142,723.2 145,622.9 147,468.7 152,374.1 161,435.5 176,029.5 190,261.8 199,511.0 202,381.6 196,546.7 201,805.3 214,259.4 224,021.6 232,476.2 244,694.0 255,011.4 264,187.7 276,186.9 288,713.7 300,602.3 315,620.2 330,119.5 344,223.7 358,369.7 372,868.0 387,700.8 402,958.3 418,613.8 434,769.4 451,582.0 469,832.8 490,123.8 511,840.9 534,273.9 557,716.0 581,597.1 606,561.9 632,918.2 660,600.8 689,717.5 720,208.2 752,815.6 787,338.1 823,444.7 861,529.9 902,189.4 945,215.7

Source: Fall 2019 Forecast. Glenn Hegar, Texas Comptroller of Public Accounts.