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Texas Economy Detail
Fall 2019 Economic Forecast
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Texas Exports (Millions of Dollars) | 41,450 | 44,530 | 46,260 | 52,390 | 60,510 | 65,320 | 73,910 | 79,359 | 79,378 | 100,062 | 99,570 | 93,552 | 97,488 | 112,663 | 126,250 | 144,087 | 164,291 | 192,373 | 161,250 | 195,981 | 242,377 | 261,978 | 272,200 | 293,900 | 264,100 | 233,705 | 249,614 | 298,041 | 326,531 | 346,308 | 357,080 | 369,392 | 383,463 | 400,430 | 421,358 | 445,516 | 471,526 | 497,820 | 524,262 | 550,417 | 575,545 | 601,202 | 628,767 | 656,685 | 686,218 | 718,129 | 751,858 | 786,977 | 823,279 | 862,069 | 902,121 | 945,253 | 991,721 | 1,040,594 | 1,094,037 | 1,151,060 |
| Energy and Mining | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Oil Production (Millions of Barrels) | 648.78 | 625.12 | 591.74 | 556.95 | 524.01 | 502.17 | 483.31 | 470.01 | 408.20 | 401.59 | 384.99 | 370.13 | 359.81 | 353.43 | 348.86 | 346.34 | 342.43 | 344.34 | 350.03 | 353.85 | 409.31 | 554.11 | 727.03 | 914.63 | 1,094.21 | 1,051.18 | 1,063.63 | 1,291.05 | 1,559.34 | 1,610.95 | 1,752.05 | 1,954.31 | 2,130.08 | 2,240.99 | 2,294.35 | 2,327.39 | 2,345.50 | 2,361.82 | 2,359.50 | 2,350.93 | 2,317.56 | 2,277.62 | 2,215.38 | 2,159.52 | 2,106.80 | 2,062.72 | 2,012.49 | 1,973.77 | 1,940.10 | 1,915.99 | 1,885.14 | 1,862.73 | 1,843.10 | 1,830.88 | 1,810.76 | 1,820.77 |
| Natural Gas Production (Millions of MCF) | 5,447.91 | 5,222.05 | 5,214.90 | 5,277.89 | 5,318.04 | 5,357.99 | 5,525.80 | 5,504.33 | 5,389.05 | 5,397.98 | 5,574.86 | 5,557.41 | 5,481.24 | 5,648.80 | 5,836.15 | 6,215.82 | 6,676.24 | 7,627.55 | 8,055.59 | 7,514.17 | 7,795.93 | 7,960.77 | 8,044.80 | 8,120.97 | 8,466.14 | 8,198.86 | 7,570.80 | 8,202.20 | 9,261.94 | 9,695.25 | 10,018.80 | 10,437.32 | 10,817.02 | 11,073.15 | 11,225.61 | 11,335.23 | 11,376.23 | 11,422.29 | 11,410.59 | 11,417.13 | 11,420.66 | 11,446.41 | 11,423.61 | 11,424.17 | 11,424.47 | 11,448.47 | 11,424.72 | 11,424.77 | 11,424.79 | 11,448.65 | 11,424.82 | 11,424.82 | 11,424.82 | 11,448.66 | 11,424.82 | 11,424.82 |
| NYMEX Oil Price ($/Barrel) | 25.42 | 20.91 | 20.13 | 16.86 | 18.27 | 19.60 | 22.27 | 17.13 | 14.95 | 26.70 | 29.76 | 23.74 | 30.11 | 34.56 | 50.31 | 65.63 | 63.45 | 101.93 | 64.09 | 76.32 | 91.25 | 94.28 | 93.65 | 101.05 | 64.94 | 41.40 | 48.77 | 60.58 | 59.62 | 58.00 | 54.00 | 56.00 | 61.00 | 66.00 | 70.00 | 75.00 | 79.00 | 85.00 | 90.00 | 96.00 | 102.00 | 109.00 | 116.00 | 121.00 | 126.00 | 130.00 | 133.00 | 136.00 | 138.00 | 139.00 | 140.00 | 141.00 | 142.00 | 143.00 | 143.00 | 144.00 |
| NYMEX Natural Gas Price ($/Million BTUs) | 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 | 3.04 | 2.88 | 2.99 | 2.50 | 2.55 | 2.60 | 2.65 | 2.85 | 3.10 | 3.30 | 3.50 | 3.65 | 3.85 | 3.95 | 4.10 | 4.50 | 5.10 | 5.25 | 5.35 | 5.40 | 5.65 | 6.00 | 6.25 | 6.45 | 6.70 | 7.05 | 7.50 | 7.85 | 8.45 | 8.95 |
| 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 | 274 | 351 | 481 | 507 | 462 | 495 | 542 | 586 | 612 | 627 | 635 | 634 | 630 | 625 | 617 | 602 | 580 | 556 | 534 | 512 | 493 | 475 | 458 | 444 | 430 | 418 | 407 | 397 | 388 | 379 | 375 |
| Construction | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Housing Starts (Thousands) | 51.6 | 69.2 | 81.5 | 105.9 | 108.5 | 121.0 | 127.6 | 151.7 | 152.9 | 142.3 | 147.4 | 158.9 | 169.2 | 181.4 | 189.7 | 213.4 | 175.5 | 140.9 | 87.0 | 86.3 | 87.2 | 114.4 | 135.7 | 155.5 | 165.7 | 165.5 | 164.4 | 172.9 | 181.5 | 175.7 | 177.8 | 183.8 | 183.6 | 183.5 | 187.2 | 185.4 | 179.9 | 176.7 | 176.9 | 180.1 | 186.8 | 184.5 | 181.9 | 184.8 | 188.1 | 189.5 | 188.7 | 189.0 | 187.7 | 188.3 | 191.0 | 192.4 | 194.7 | 199.0 | 203.0 | 206.5 |
| Single-Family (Thousands) | 44.7 | 59.3 | 71.3 | 81.4 | 76.9 | 92.6 | 87.5 | 104.0 | 109.9 | 110.8 | 118.8 | 123.3 | 133.2 | 146.9 | 157.8 | 175.9 | 134.6 | 92.8 | 64.5 | 73.0 | 64.7 | 77.7 | 87.3 | 97.6 | 108.4 | 108.7 | 116.0 | 123.8 | 120.6 | 118.4 | 118.6 | 120.8 | 120.5 | 120.9 | 124.2 | 123.9 | 120.3 | 118.1 | 118.1 | 120.7 | 126.1 | 124.0 | 123.5 | 127.1 | 130.7 | 132.5 | 131.4 | 131.0 | 129.1 | 129.1 | 130.7 | 130.8 | 132.0 | 135.2 | 138.5 | 141.5 |
| Multi-Family (Thousands) | 6.9 | 9.9 | 10.2 | 24.5 | 31.5 | 28.4 | 40.1 | 47.7 | 43.0 | 31.5 | 28.6 | 35.6 | 36.0 | 34.4 | 31.9 | 37.5 | 40.9 | 48.1 | 22.5 | 13.4 | 22.5 | 36.7 | 48.5 | 57.9 | 57.3 | 56.7 | 48.4 | 49.1 | 60.9 | 57.2 | 59.2 | 63.0 | 63.1 | 62.6 | 63.0 | 61.6 | 59.6 | 58.6 | 58.8 | 59.4 | 60.7 | 60.6 | 58.4 | 57.8 | 57.4 | 57.0 | 57.3 | 58.0 | 58.6 | 59.2 | 60.3 | 61.6 | 62.6 | 63.8 | 64.4 | 65.0 |
| Automobile Sales (Thousands) | 887.3 | 921.6 | 903.7 | 1,029.9 | 1,039.3 | 1,215.5 | 1,118.4 | 1,189.1 | 1,284.0 | 1,406.0 | 1,372.0 | 1,430.6 | 1,302.7 | 1,247.3 | 1,285.3 | 1,283.6 | 1,365.5 | 1,272.2 | 878.7 | 887.1 | 993.6 | 1,210.1 | 1,429.7 | 1,526.6 | 1,573.8 | 1,568.6 | 1,509.7 | 1,556.4 | 1,545.6 | 1,557.6 | 1,585.6 | 1,706.3 | 1,735.5 | 1,708.7 | 1,695.6 | 1,708.9 | 1,686.0 | 1,695.1 | 1,718.2 | 1,719.0 | 1,724.9 | 1,735.8 | 1,748.9 | 1,769.1 | 1,788.6 | 1,799.0 | 1,808.3 | 1,814.2 | 1,819.6 | 1,824.8 | 1,824.2 | 1,826.2 | 1,843.2 | 1,852.5 | 1,862.4 | 1,876.1 |
| Cars | 520.3 | 512.0 | 481.3 | 543.5 | 538.9 | 623.0 | 545.2 | 546.0 | 571.0 | 604.6 | 561.8 | 563.4 | 504.9 | 467.1 | 503.9 | 539.1 | 550.7 | 567.4 | 393.5 | 375.1 | 415.5 | 519.4 | 626.3 | 650.5 | 636.6 | 591.7 | 516.0 | 474.5 | 452.5 | 532.6 | 520.8 | 534.3 | 540.9 | 539.5 | 530.5 | 533.5 | 526.1 | 526.2 | 532.3 | 530.2 | 529.7 | 530.4 | 530.5 | 533.3 | 534.3 | 532.2 | 533.8 | 534.6 | 535.0 | 535.5 | 534.4 | 532.5 | 532.2 | 530.1 | 527.6 | 525.3 |
| Trucks | 367.0 | 409.6 | 422.4 | 486.4 | 500.4 | 592.5 | 573.3 | 643.1 | 713.0 | 801.5 | 810.2 | 867.2 | 797.7 | 780.2 | 781.4 | 744.5 | 814.9 | 704.8 | 485.2 | 512.1 | 578.2 | 690.7 | 803.4 | 876.1 | 937.2 | 976.9 | 993.7 | 1,081.9 | 1,093.1 | 1,024.9 | 1,064.8 | 1,172.0 | 1,194.6 | 1,169.2 | 1,165.1 | 1,175.4 | 1,159.9 | 1,168.9 | 1,185.8 | 1,188.8 | 1,195.2 | 1,205.4 | 1,218.4 | 1,235.8 | 1,254.3 | 1,266.8 | 1,274.5 | 1,279.5 | 1,284.6 | 1,289.3 | 1,289.8 | 1,293.7 | 1,310.9 | 1,322.4 | 1,334.8 | 1,350.8 |
| Retail Sales, Excluding Automobiles, Gasoline (Millions of Dollars) | N/A | N/A | N/A | N/A | N/A | N/A | 121,102.8 | 126,062.0 | 133,661.9 | 141,296.7 | 145,184.7 | 147,077.8 | 150,518.0 | 158,838.0 | 171,942.9 | 187,434.4 | 197,360.9 | 203,481.7 | 196,736.8 | 199,713.6 | 210,990.6 | 221,994.6 | 230,214.3 | 241,106.0 | 252,891.7 | 262,176.2 | 272,202.7 | 286,286.3 | 297,031.2 | 311,959.7 | 326,555.2 | 340,690.7 | 354,825.8 | 369,198.4 | 383,952.4 | 399,102.3 | 414,663.0 | 430,684.5 | 447,300.1 | 465,076.3 | 484,878.3 | 506,335.9 | 528,565.5 | 551,820.6 | 575,552.9 | 600,183.0 | 626,210.9 | 653,538.4 | 682,315.1 | 712,455.5 | 744,400.5 | 778,607.9 | 814,223.5 | 851,806.3 | 891,768.3 | 934,230.5 |
Source: Fall 2019 Forecast. Glenn Hegar, Texas Comptroller of Public Accounts.