Fall 2007 Economic Forecast
Texas Economy Detail - Calendar Years 1970-2035
| Year |
1970 |
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 |
Texas Exports
(Billions of Dollars) |
$3.43 |
$3.57 |
$3.99 |
$5.52 |
$7.48 |
$8.20 |
$8.96 |
$9.55 |
$11.20 |
$13.76 |
$16.79 |
$18.22 |
$17.01 |
$16.67 |
$18.24 |
$18.23 |
$19.30 |
$22.01 |
$31.28 |
$34.45 |
$37.40 |
$42.52 |
$45.13 |
$47.21 |
$54.23 |
$62.22 |
$66.88 |
$76.16 |
$78.90 |
$83.07 |
$103.84 |
$95.08 |
$95.40 |
$98.85 |
$117.24 |
$128.76 |
$150.89 |
$169.64 |
$188.86 |
$206.73 |
$223.18 |
$239.35 |
$256.12 |
$273.56 |
$293.43 |
$315.01 |
$337.82 |
$362.43 |
$401.00 |
$430.10 |
$460.65 |
$492.93 |
$527.10 |
$563.38 |
$602.04 |
$643.55 |
$687.57 |
$733.96 |
$783.40 |
$835.88 |
$891.53 |
$950.44 |
$1,012.87 |
$1,078.63 |
$1,148.83 |
$1,223.35 |
| Agriculture |
|
|---|
Cash Receipts: Crops
(Millions of Dollars) |
$1,264.02 |
$1,177.99 |
$1,463.31 |
$2,811.47 |
$2,701.91 |
$2,832.58 |
$3,109.37 |
$3,140.58 |
$2,984.21 |
$3,969.93 |
$3,882.94 |
$4,164.75 |
$3,978.13 |
$3,654.91 |
$3,754.84 |
$3,814.58 |
$3,078.67 |
$3,042.36 |
$3,713.86 |
$4,055.49 |
$4,036.09 |
$4,309.38 |
$3,952.26 |
$4,546.99 |
$4,806.47 |
$4,647.39 |
$5,124.12 |
$5,060.20 |
$5,003.52 |
$4,552.32 |
$4,218.25 |
$5,206.70 |
$6,128.39 |
$6,404.94 |
$7,362.84 |
$76,127.42 |
$6,392.63 |
$7,962.49 |
$8,078.30 |
$8,218.80 |
$8,418.78 |
$8,712.94 |
$9,038.87 |
$9,383.57 |
$9,761.70 |
$10,165.73 |
$10,589.66 |
$11,035.90 |
$11,471.58 |
$11,889.54 |
$12,304.80 |
$12,728.29 |
$13,158.50 |
$13,595.53 |
$14,041.79 |
$14,500.12 |
$14,972.47 |
$15,456.42 |
$15,952.53 |
$16,459.66 |
$16,973.61 |
$17,507.21 |
$18,055.41 |
$18,619.17 |
$19,198.36 |
$19,793.03 |
|---|
Cash Receipts: Livestock
(Millions of Dollars) |
$1,956.49 |
$2,280.54 |
$2,610.27 |
$3,677.18 |
$2,963.26 |
$3,076.96 |
$3,202.82 |
$3,522.86 |
$4,624.05 |
$6,128.22 |
$5,196.42 |
$5,448.22 |
$5,421.06 |
$5,521.43 |
$5,899.91 |
$5,447.86 |
$5,512.61 |
$6,090.12 |
$6,629.91 |
$6,863.17 |
$7,762.36 |
$7,803.50 |
$7,531.93 |
$8,223.24 |
$8,075.67 |
$8,437.78 |
$7,631.04 |
$8,141.01 |
$8,141.08 |
$8,465.31 |
$9,151.08 |
$8,584.88 |
$8,470.32 |
$8,556.13 |
$8,862.92 |
$8,965.44 |
$8,720.78 |
$8,944.12 |
$9,528.95 |
$9,862.67 |
$10,042.98 |
$10,142.39 |
$10,219.32 |
$10,290.28 |
$10,425.59 |
$10,575.48 |
$10,714.27 |
$10,864.73 |
$10,891.32 |
$11,034.22 |
$11,184.65 |
$11,318.80 |
$11,449.79 |
$11,578.15 |
$11,702.48 |
$11,830.67 |
$11,962.43 |
$12,085.45 |
$12,203.97 |
$12,324.66 |
$12,448.88 |
$12,538.76 |
$12,664.49 |
$12,791.52 |
$12,918.42 |
$13,046.47 |
Total Agricultural Receipts
(Millions of Dollars) |
$3,220.50 |
$3,458.53 |
$4,073.58 |
$6,488.65 |
$5,665.17 |
$5,909.54 |
$6,312.19 |
$6,663.45 |
$7,608.26 |
$10,098.15 |
$9,079.36 |
$9,612.96 |
$9,399.19 |
$9,176.34 |
$9,654.75 |
$9,262.44 |
$8,591.28 |
$9,132.48 |
$10,343.77 |
$10,918.66 |
$11,798.45 |
$12,112.88 |
$11,484.19 |
$12,770.23 |
$12,882.15 |
$13,085.17 |
$12,755.16 |
$13,201.21 |
$13,144.61 |
$13,017.62 |
$13,369.32 |
$13,791.58 |
$14,598.71 |
$14,961.07 |
$16,225.76 |
$85,092.86 |
$15,113.40 |
$16,906.62 |
$17,607.25 |
$18,081.47 |
$18,461.76 |
$18,855.33 |
$19,258.19 |
$19,673.85 |
$20,187.30 |
$20,741.22 |
$21,303.93 |
$21,900.63 |
$22,362.90 |
$22,923.76 |
$23,489.45 |
$24,047.09 |
$24,608.29 |
$25,173.68 |
$25,744.28 |
$26,330.79 |
$26,934.90 |
$27,541.88 |
$28,156.49 |
$28,784.32 |
$29,422.49 |
$30,045.98 |
$30,719.89 |
$31,410.69 |
$32,116.78 |
$32,839.50 |
| Energy and Mining |
|
|---|
Oil Production
(Millions of Barrels) |
NA |
NA |
1,255.4 |
1,252.9 |
1,216.8 |
1,174.0 |
1,145.8 |
1,093.1 |
1,021.2 |
970.9 |
921.0 |
889.7 |
863.7 |
841.1 |
837.0 |
823.6 |
775.2 |
719.0 |
693.5 |
646.0 |
639.7 |
642.3 |
612.4 |
576.5 |
542.1 |
513.8 |
494.2 |
479.7 |
448.3 |
394.3 |
387.1 |
370.5 |
350.4 |
338.8 |
328.6 |
326.3 |
323.1 |
316.2 |
306.7 |
297.5 |
288.5 |
279.9 |
271.5 |
263.3 |
255.4 |
247.8 |
240.4 |
233.1 |
226.1 |
219.4 |
212.8 |
206.4 |
200.2 |
194.2 |
188.4 |
182.7 |
177.2 |
171.9 |
166.8 |
161.8 |
156.9 |
152.2 |
147.6 |
143.2 |
138.9 |
134.7 |
|---|
Natural Gas Production
(Millions of Mcf) |
NA |
NA |
NA |
NA |
NA |
NA |
7,450.9 |
7,411.6 |
7,008.7 |
7,191.4 |
6,993.7 |
6,749.4 |
6,210.9 |
5,550.1 |
5,708.4 |
5,560.7 |
5,348.6 |
5,186.2 |
5,320.2 |
5,160.2 |
5,403.3 |
5,283.8 |
4,799.8 |
4,053.7 |
3,834.5 |
3,583.7 |
3,572.9 |
3,493.9 |
3,268.8 |
3,147.1 |
3,028.7 |
3,058.8 |
3,141.3 |
3,022.3 |
2,946.9 |
3,153.7 |
3,826.3 |
4,055.5 |
3,974.3 |
3,875.0 |
3,778.1 |
3,683.7 |
3,591.6 |
3,501.8 |
3,414.2 |
3,328.9 |
3,245.7 |
3,164.5 |
3,085.4 |
3,008.3 |
2,933.1 |
2,859.7 |
2,788.2 |
2,718.5 |
2,650.6 |
2,584.3 |
2,519.7 |
2,456.7 |
2,395.3 |
2,335.4 |
2,277.0 |
2,220.1 |
2,164.6 |
2,110.5 |
2,057.7 |
2,006.3 |
Average Taxable Oil Price
(Dollars/Barrel) |
NA |
NA |
$3.49 |
$3.71 |
$7.18 |
$8.39 |
$8.84 |
$9.54 |
$10.60 |
$14.28 |
$24.23 |
$34.37 |
$31.24 |
$28.87 |
$28.53 |
$26.66 |
$14.76 |
$17.77 |
$14.72 |
$17.87 |
$22.10 |
$19.13 |
$18.45 |
$16.31 |
$15.10 |
$16.47 |
$20.38 |
$18.80 |
$12.31 |
$17.40 |
$28.79 |
$23.70 |
$24.39 |
$28.94 |
$36.44 |
$50.37 |
$61.16 |
$58.62 |
$57.19 |
$58.31 |
$60.21 |
$61.58 |
$59.88 |
$58.19 |
$56.69 |
$56.22 |
$56.06 |
$56.68 |
$57.49 |
$58.59 |
$59.62 |
$60.38 |
$61.15 |
$61.91 |
$62.68 |
$63.45 |
$63.88 |
$64.32 |
$64.76 |
$65.20 |
$65.64 |
$66.14 |
$66.72 |
$67.38 |
$68.05 |
$68.72 |
Average Taxable Natural
Gas Price (Dollars/Mcf) |
NA |
NA |
NA |
NA |
NA |
NA |
$0.69 |
$0.85 |
$0.92 |
$1.13 |
$1.49 |
$1.84 |
$2.11 |
$2.24 |
$2.23 |
$2.21 |
$1.55 |
$1.39 |
$1.46 |
$1.45 |
$1.47 |
$1.37 |
$1.54 |
$1.77 |
$1.59 |
$1.39 |
$1.95 |
$2.11 |
$1.75 |
$1.97 |
$3.49 |
$3.53 |
$2.79 |
$4.49 |
$4.80 |
$6.41 |
$5.97 |
$6.02 |
$6.16 |
$6.09 |
$6.13 |
$6.20 |
$6.23 |
$6.22 |
$6.25 |
$6.48 |
$6.71 |
$6.99 |
$7.07 |
$7.28 |
$7.52 |
$7.68 |
$7.83 |
$8.00 |
$8.16 |
$8.33 |
$8.46 |
$8.59 |
$8.72 |
$8.85 |
$8.98 |
$8.75 |
$8.89 |
$9.04 |
$9.19 |
$9.34 |
| Rig Count |
303 |
291 |
326 |
377 |
508 |
637 |
653 |
779 |
855 |
770 |
990 |
1,320 |
991 |
792 |
855 |
673 |
302 |
295 |
282 |
267 |
348 |
315 |
250 |
263 |
274 |
251 |
283 |
357 |
303 |
226 |
341 |
462 |
339 |
449 |
506 |
614 |
746 |
824 |
825 |
809 |
807 |
810 |
797 |
773 |
751 |
739 |
733 |
734 |
732 |
732 |
735 |
735 |
734 |
732 |
730 |
728 |
725 |
720 |
715 |
711 |
707 |
696 |
689 |
686 |
685 |
675 |
| Construction |
|
|---|
| Residential (Starts) |
NA |
NA |
NA |
159.6 |
85.3 |
99.6 |
142.1 |
203.6 |
209.3 |
174.4 |
142.5 |
148.6 |
197.6 |
284.4 |
210.1 |
148.6 |
104.9 |
59.3 |
44.7 |
43.9 |
52.2 |
57.9 |
73.2 |
87.2 |
109.7 |
112.3 |
121.5 |
132.1 |
158.4 |
148.7 |
144.5 |
147.9 |
162.6 |
177.2 |
181.2 |
201.1 |
206.3 |
169.2 |
150.9 |
173.9 |
186.4 |
192.8 |
191.3 |
187.3 |
186.2 |
188.1 |
189.3 |
188.1 |
186.2 |
183.7 |
180.0 |
174.8 |
171.1 |
167.8 |
166.5 |
167.2 |
167.5 |
165.7 |
162.2 |
160.8 |
161.8 |
161.6 |
159.2 |
157.6 |
159.0 |
162.1 |
| Single-Family (Thousands) |
NA |
NA |
NA |
111.3 |
52.9 |
75.9 |
94.5 |
119.4 |
121.3 |
94.6 |
87.6 |
84.2 |
92.3 |
116.4 |
103.3 |
80.3 |
65.7 |
50.9 |
40.7 |
40.5 |
43.9 |
48.7 |
63.2 |
76.0 |
80.1 |
79.5 |
90.7 |
88.4 |
109.1 |
107.4 |
112.1 |
118.4 |
126.9 |
138.2 |
147.1 |
167.3 |
168.6 |
129.7 |
108.1 |
129.4 |
145.4 |
152.3 |
150.3 |
147.2 |
145.9 |
146.8 |
146.6 |
144.5 |
142.2 |
139.9 |
137.9 |
134.4 |
131.4 |
128.8 |
127.8 |
128.5 |
128.3 |
125.9 |
122.3 |
120.6 |
120.9 |
120.2 |
117.7 |
116.1 |
116.4 |
117.9 |
| Multi-Family (Thousands) |
NA |
NA |
NA |
48.3 |
32.4 |
23.7 |
47.5 |
84.3 |
88.0 |
79.8 |
54.9 |
64.4 |
105.3 |
168.0 |
106.8 |
68.3 |
39.2 |
8.5 |
4.0 |
3.4 |
8.3 |
9.2 |
10.0 |
11.1 |
29.6 |
32.8 |
30.8 |
43.7 |
49.3 |
41.3 |
32.4 |
29.5 |
35.6 |
39.0 |
34.1 |
33.7 |
37.7 |
39.4 |
42.8 |
44.5 |
41.0 |
40.5 |
41.0 |
40.2 |
40.3 |
41.3 |
42.7 |
43.6 |
44.0 |
43.7 |
42.1 |
40.4 |
39.6 |
39.0 |
38.7 |
38.6 |
39.2 |
39.8 |
40.0 |
40.2 |
40.9 |
41.5 |
41.5 |
41.6 |
42.6 |
44.2 |
Nonresidential-Area
(Millions of Square Feet) |
80.2 |
90.0 |
98.3 |
0.0 |
0.0 |
75.6 |
88.8 |
105.0 |
130.4 |
148.2 |
148.8 |
184.6 |
148.7 |
131.0 |
154.6 |
167.2 |
107.2 |
80.9 |
61.8 |
58.6 |
63.2 |
68.5 |
66.6 |
80.3 |
90.0 |
93.3 |
100.7 |
120.4 |
162.0 |
158.9 |
163.1 |
159.6 |
132.2 |
130.4 |
125.3 |
127.6 |
159.4 |
144.5 |
136.3 |
153.3 |
164.4 |
169.5 |
175.2 |
177.7 |
179.7 |
181.9 |
185.1 |
186.3 |
187.2 |
188.4 |
189.6 |
189.4 |
189.6 |
189.9 |
191.1 |
193.6 |
196.9 |
199.9 |
201.1 |
202.4 |
205.1 |
208.4 |
211.2 |
213.0 |
216.2 |
220.3 |
Nonbuilding Value
(Millions of Dollars) |
$775.17 |
$912.23 |
$1,007.17 |
$1,025.74 |
$1,234.27 |
$1,553.98 |
$1,701.70 |
$1,710.72 |
$2,189.49 |
$3,683.35 |
$2,266.42 |
$4,303.71 |
$1,909.71 |
$3,502.60 |
$3,232.27 |
$3,891.48 |
$4,009.10 |
$4,331.83 |
$4,171.70 |
$3,221.65 |
$3,353.38 |
$3,261.13 |
$3,410.45 |
$3,943.81 |
$4,164.61 |
$5,024.15 |
$4,452.27 |
$4,731.09 |
$5,294.56 |
$9,390.86 |
$8,013.27 |
$10,054.87 |
$7,431.76 |
$8,256.27 |
$8,574.34 |
$9,752.85 |
$14,113.24 |
$11,427.49 |
$13,708.29 |
$13,791.54 |
$14,228.38 |
$14,761.80 |
$15,512.92 |
$16,267.23 |
$17,016.73 |
$17,757.36 |
$18,569.27 |
$19,396.40 |
$20,263.79 |
$21,268.46 |
$22,332.70 |
$23,438.91 |
$24,585.19 |
$25,778.10 |
$27,031.67 |
$28,357.95 |
$29,785.60 |
$31,276.89 |
$32,814.44 |
$34,398.06 |
$36,088.85 |
$37,904.53 |
$39,813.69 |
$41,763.05 |
$43,800.88 |
$45,915.57 |
| Retail Sales–Taxable Only |
|
|---|
| Cars |
454.0 |
533.8 |
609.8 |
669.0 |
507.5 |
535.3 |
626.3 |
711.5 |
719.3 |
701.4 |
609.5 |
647.9 |
592.2 |
576.7 |
634.6 |
689.3 |
615.7 |
526.6 |
555.8 |
565.7 |
565.4 |
509.1 |
484.7 |
500.5 |
539.0 |
586.3 |
585.6 |
552.4 |
547.9 |
569.0 |
603.6 |
587.4 |
535.4 |
485.9 |
469.9 |
515.5 |
535.1 |
594.7 |
614.4 |
615.9 |
623.1 |
638.9 |
649.2 |
649.9 |
646.1 |
643.8 |
643.3 |
641.1 |
640.7 |
640.7 |
642.2 |
642.2 |
644.1 |
645.6 |
647.3 |
649.3 |
652.0 |
653.6 |
655.3 |
657.5 |
660.7 |
664.3 |
666.9 |
669.2 |
673.5 |
678.8 |
|---|
| Trucks |
140.3 |
150.8 |
191.2 |
247.4 |
194.6 |
197.2 |
259.1 |
304.9 |
330.0 |
309.3 |
261.9 |
301.0 |
325.7 |
322.6 |
398.2 |
436.5 |
381.8 |
348.7 |
371.2 |
391.0 |
395.3 |
368.5 |
404.5 |
441.0 |
480.3 |
541.2 |
580.8 |
591.9 |
664.9 |
715.8 |
811.2 |
864.2 |
822.1 |
791.1 |
784.4 |
762.2 |
761.5 |
834.3 |
849.8 |
866.9 |
883.3 |
907.7 |
922.4 |
925.4 |
927.8 |
931.0 |
933.6 |
934.6 |
937.4 |
940.0 |
945.3 |
948.8 |
954.9 |
961.1 |
968.0 |
975.7 |
984.2 |
991.5 |
998.8 |
1,007.4 |
1,018.2 |
1,030.0 |
1,041.1 |
1,052.2 |
1,064.9 |
1,078.4 |
Total Automobile Sales
(Thousands) |
594.4 |
684.6 |
801.0 |
916.4 |
702.1 |
732.5 |
885.4 |
1,016.5 |
1,049.3 |
1,010.7 |
871.4 |
948.9 |
917.9 |
899.4 |
1,032.8 |
1,125.8 |
997.4 |
875.3 |
926.9 |
956.6 |
960.8 |
877.6 |
889.2 |
941.5 |
1,019.3 |
1,127.4 |
1,166.5 |
1,144.3 |
1,212.8 |
1,284.9 |
1,414.8 |
1,451.6 |
1,357.5 |
1,277.1 |
1,254.2 |
1,277.7 |
1,296.6 |
1,429.0 |
1,464.2 |
1,482.8 |
1,506.4 |
1,546.6 |
1,571.6 |
1,575.4 |
1,574.0 |
1,574.7 |
1,576.9 |
1,575.7 |
1,578.1 |
1,580.7 |
1,587.5 |
1,591.0 |
1,598.9 |
1,606.7 |
1,615.3 |
1,625.1 |
1,636.2 |
1,645.1 |
1,654.1 |
1,664.9 |
1,679.0 |
1,694.3 |
1,708.0 |
1,721.4 |
1,738.4 |
1,757.2 |
Other Retail Sales
(Millions of Dollars) |
NA |
NA |
NA |
NA |
NA |
NA |
NA |
NA |
NA |
NA |
NA |
NA |
NA |
NA |
NA |
NA |
NA |
NA |
NA |
NA |
$67,653.04 |
$70,412.77 |
$75,292.48 |
$79,996.85 |
$85,759.19 |
$90,431.15 |
$95,753.95 |
$100,852.08 |
$108,635.17 |
$116,074.54 |
$122,874.45 |
$127,148.39 |
$128,362.09 |
$130,252.37 |
$136,423.02 |
$143,774.77 |
$151,240.65 |
$162,598.49 |
$171,866.60 |
$180,298.02 |
$189,653.57 |
$199,004.65 |
$208,688.04 |
$217,961.31 |
$227,447.50 |
$237,433.47 |
$248,105.50 |
$259,031.04 |
$270,603.20 |
$282,693.38 |
$295,393.20 |
$308,460.45 |
$322,015.08 |
$336,153.05 |
$350,756.18 |
$365,963.53 |
$382,035.13 |
$398,661.56 |
$415,705.75 |
$433,311.50 |
$451,720.99 |
$470,756.71 |
$490,185.62 |
$510,121.00 |
$531,054.08 |
$553,174.97 |
Source: Susan Combs, Texas Comptroller. Fall 2007 Forecast
