Fall 2007 Economic Forecast
Texas Economy Detail - Fiscal Years 1971-2035
| Year |
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) |
$3.51 |
$3.79 |
$5.10 |
$7.09 |
$8.02 |
$8.78 |
$9.31 |
$10.71 |
$13.08 |
$16.16 |
$18.11 |
$17.23 |
$16.58 |
$17.99 |
$18.14 |
$18.89 |
$20.83 |
$29.42 |
$33.68 |
$36.48 |
$41.45 |
$44.53 |
$46.26 |
$52.39 |
$60.51 |
$65.32 |
$74.41 |
$78.08 |
$80.64 |
$99.72 |
$99.53 |
$92.86 |
$98.35 |
$111.29 |
$126.23 |
$145.05 |
$164.88 |
$184.27 |
$202.38 |
$219.15 |
$235.24 |
$251.90 |
$269.04 |
$288.25 |
$309.51 |
$331.96 |
$356.07 |
$391.09 |
$422.73 |
$452.85 |
$484.70 |
$518.35 |
$554.11 |
$592.14 |
$632.90 |
$676.36 |
$722.10 |
$770.75 |
$822.49 |
$877.30 |
$935.36 |
$996.99 |
$1,061.78 |
$1,130.88 |
$1,204.30 |
| Agriculture |
|
|---|
Cash Receipts: Crops
(Millions of Dollars) |
$1,166.83 |
$1,322.53 |
$2,578.69 |
$2,706.85 |
$2,786.97 |
$3,062.20 |
$3,150.67 |
$2,926.68 |
$3,813.37 |
$3,870.80 |
$4,137.78 |
$4,038.33 |
$3,695.07 |
$3,733.56 |
$3,880.43 |
$3,190.84 |
$2,990.23 |
$3,572.92 |
$4,002.86 |
$4,079.40 |
$4,156.13 |
$4,080.99 |
$4,299.94 |
$5,013.88 |
$4,268.17 |
$5,350.18 |
$5,025.39 |
$4,826.30 |
$4,889.97 |
$4,223.88 |
$5,057.50 |
$4,614.32 |
$7,510.29 |
$7,127.03 |
$60,291.84 |
$22,360.34 |
$7,585.09 |
$8,148.36 |
$8,171.90 |
$8,359.00 |
$8,636.37 |
$8,954.78 |
$9,295.40 |
$9,663.00 |
$10,063.53 |
$10,481.10 |
$10,922.80 |
$11,365.75 |
$11,785.68 |
$12,200.72 |
$12,621.86 |
$13,050.20 |
$13,485.53 |
$13,929.23 |
$14,384.23 |
$14,853.07 |
$15,334.44 |
$15,827.38 |
$16,332.29 |
$16,843.75 |
$17,371.89 |
$17,917.15 |
$18,477.01 |
$19,051.66 |
$19,643.09 |
|---|
Cash Receipts: Livestock
(Millions of Dollars) |
$2,198.80 |
$2,470.93 |
$3,569.57 |
$3,058.23 |
$3,047.43 |
$3,154.13 |
$3,379.91 |
$4,315.72 |
$5,970.39 |
$5,312.81 |
$5,410.96 |
$5,415.96 |
$5,471.16 |
$5,883.59 |
$5,511.04 |
$5,450.55 |
$5,948.82 |
$6,522.23 |
$6,746.94 |
$7,734.03 |
$7,633.54 |
$7,659.00 |
$7,861.97 |
$8,568.33 |
$7,590.91 |
$8,420.85 |
$7,935.11 |
$7,842.40 |
$8,791.30 |
$8,860.49 |
$8,906.44 |
$6,718.74 |
$10,138.36 |
$8,782.85 |
$9,105.59 |
$8,459.75 |
$8,918.57 |
$9,463.35 |
$9,777.47 |
$10,005.78 |
$10,119.48 |
$10,200.84 |
$10,270.46 |
$10,390.30 |
$10,538.84 |
$10,678.90 |
$10,825.89 |
$10,884.78 |
$10,997.78 |
$11,147.89 |
$11,285.78 |
$11,416.49 |
$11,547.26 |
$11,670.86 |
$11,798.32 |
$11,929.95 |
$12,055.28 |
$12,174.27 |
$12,294.31 |
$12,419.03 |
$12,516.04 |
$12,631.22 |
$12,759.70 |
$12,886.53 |
$13,014.24 |
Total Agricultural Receipts
(Millions of Dollars) |
$3,365.63 |
$3,793.46 |
$6,148.25 |
$5,765.07 |
$5,834.40 |
$6,216.34 |
$6,530.58 |
$7,242.40 |
$9,783.76 |
$9,183.62 |
$9,548.74 |
$9,454.29 |
$9,166.24 |
$9,617.15 |
$9,391.47 |
$8,641.40 |
$8,939.05 |
$10,095.15 |
$10,749.80 |
$11,813.43 |
$11,789.67 |
$11,739.99 |
$12,161.91 |
$13,582.21 |
$11,859.09 |
$13,771.03 |
$12,960.49 |
$12,668.70 |
$13,681.27 |
$13,084.37 |
$13,963.94 |
$11,333.06 |
$17,648.65 |
$15,909.88 |
$69,397.42 |
$30,820.08 |
$16,503.65 |
$17,611.72 |
$17,949.37 |
$18,364.77 |
$18,755.85 |
$19,155.62 |
$19,565.86 |
$20,053.31 |
$20,602.37 |
$21,160.01 |
$21,748.69 |
$22,250.52 |
$22,783.46 |
$23,348.61 |
$23,907.64 |
$24,466.70 |
$25,032.79 |
$25,600.09 |
$26,182.55 |
$26,783.02 |
$27,389.72 |
$28,001.65 |
$28,626.59 |
$29,262.78 |
$29,887.94 |
$30,548.37 |
$31,236.71 |
$31,938.19 |
$32,657.33 |
| Energy and Mining |
|
|---|
Oil Production
(Millions of Barrels) |
NA |
NA |
1,257.4 |
1,228.9 |
1,182.5 |
1,156.4 |
1,105.4 |
1,037.0 |
986.6 |
931.5 |
897.0 |
869.9 |
845.0 |
838.9 |
830.4 |
788.1 |
730.0 |
702.0 |
653.8 |
640.4 |
644.8 |
620.5 |
585.3 |
550.1 |
520.1 |
498.8 |
482.3 |
462.7 |
400.4 |
393.4 |
372.2 |
355.5 |
340.6 |
331.5 |
326.8 |
323.6 |
318.2 |
309.0 |
299.7 |
290.7 |
282.0 |
273.6 |
265.4 |
257.4 |
249.7 |
242.2 |
234.9 |
227.9 |
221.0 |
214.4 |
208.0 |
201.7 |
195.7 |
189.8 |
184.1 |
178.6 |
173.2 |
168.0 |
163.0 |
158.1 |
153.4 |
148.8 |
144.3 |
140.0 |
135.8 |
|---|
Natural Gas Production
(Millions of Mcf) |
NA |
NA |
NA |
NA |
NA |
NA |
7,493.6 |
7,097.7 |
7,066.3 |
7,105.7 |
6,803.8 |
6,409.7 |
5,594.4 |
5,717.1 |
5,544.7 |
5,499.2 |
5,122.6 |
5,348.0 |
5,163.9 |
5,324.7 |
5,452.9 |
4,904.6 |
4,193.6 |
3,862.9 |
3,656.0 |
3,550.3 |
3,522.4 |
3,333.5 |
3,148.8 |
3,070.7 |
2,992.0 |
3,196.4 |
3,024.3 |
2,968.3 |
3,032.9 |
3,637.4 |
4,105.7 |
3,994.3 |
3,899.5 |
3,802.0 |
3,706.9 |
3,614.3 |
3,523.9 |
3,435.8 |
3,349.9 |
3,266.2 |
3,184.5 |
3,104.9 |
3,027.3 |
2,951.6 |
2,877.8 |
2,805.9 |
2,735.7 |
2,667.3 |
2,600.6 |
2,535.6 |
2,472.2 |
2,410.4 |
2,350.2 |
2,291.4 |
2,234.1 |
2,178.3 |
2,123.8 |
2,070.7 |
2,019.0 |
Average Taxable Oil Price
(Dollars per Barrel) |
NA |
$3.49 |
$3.71 |
$6.45 |
$8.07 |
$8.71 |
$9.32 |
$10.41 |
$12.55 |
$21.91 |
$32.77 |
$31.80 |
$29.50 |
$28.68 |
$27.01 |
$18.11 |
$16.66 |
$15.88 |
$16.51 |
$19.79 |
$21.48 |
$18.61 |
$17.30 |
$14.73 |
$16.30 |
$18.76 |
$20.01 |
$13.90 |
$12.91 |
$25.16 |
$27.73 |
$21.91 |
$28.59 |
$32.48 |
$46.89 |
$61.17 |
$58.92 |
$57.21 |
$57.63 |
$59.74 |
$61.71 |
$60.30 |
$58.60 |
$56.97 |
$56.31 |
$56.03 |
$56.51 |
$57.26 |
$58.33 |
$59.38 |
$60.19 |
$60.96 |
$61.72 |
$62.49 |
$63.29 |
$63.78 |
$64.21 |
$64.65 |
$65.09 |
$65.52 |
$66.01 |
$66.57 |
$67.21 |
$67.88 |
$68.55 |
Average Taxable Natural
Gas Price (Dollars per Mcf) |
NA |
NA |
NA |
NA |
NA |
NA |
$0.83 |
$0.91 |
$1.06 |
$1.39 |
$1.77 |
$2.05 |
$2.22 |
$2.24 |
$2.25 |
$1.71 |
$1.41 |
$1.43 |
$1.50 |
$1.43 |
$1.39 |
$1.45 |
$1.77 |
$1.68 |
$1.36 |
$1.76 |
$2.10 |
$1.92 |
$1.59 |
$2.45 |
$4.54 |
$2.37 |
$4.01 |
$4.47 |
$5.42 |
$6.96 |
$5.86 |
$5.97 |
$6.12 |
$6.16 |
$6.21 |
$6.23 |
$6.22 |
$6.23 |
$6.42 |
$6.65 |
$6.94 |
$7.04 |
$7.22 |
$7.47 |
$7.64 |
$7.79 |
$7.95 |
$8.12 |
$8.29 |
$8.43 |
$8.56 |
$8.68 |
$8.82 |
$8.99 |
$8.77 |
$8.85 |
$9.00 |
$9.15 |
$9.31 |
| Rig Count |
296 |
319 |
358 |
470 |
609 |
645 |
753 |
847 |
767 |
947 |
1,239 |
1,125 |
783 |
860 |
739 |
375 |
282 |
296 |
257 |
331 |
340 |
246 |
264 |
275 |
257 |
271 |
338 |
338 |
213 |
312 |
459 |
353 |
419 |
491 |
581 |
716 |
815 |
827 |
811 |
807 |
810 |
802 |
779 |
756 |
740 |
734 |
733 |
733 |
732 |
735 |
736 |
734 |
732 |
731 |
729 |
726 |
721 |
716 |
712 |
708 |
700 |
690 |
687 |
685 |
679 |
| Construction |
|
|---|
| Residential (Starts) |
NA |
NA |
NA |
91.2 |
87.9 |
136.8 |
192.9 |
222.4 |
185.9 |
147.3 |
155.1 |
171.3 |
275.9 |
240.7 |
151.1 |
123.7 |
63.8 |
45.1 |
44.9 |
51.1 |
53.0 |
70.7 |
82.5 |
105.3 |
110.3 |
121.6 |
126.5 |
152.7 |
154.7 |
143.6 |
148.3 |
159.4 |
169.6 |
183.4 |
191.2 |
214.8 |
175.9 |
150.7 |
168.7 |
184.0 |
192.0 |
192.4 |
188.2 |
186.2 |
187.4 |
189.4 |
188.5 |
186.7 |
184.4 |
181.0 |
176.1 |
172.0 |
168.4 |
166.6 |
166.8 |
167.6 |
166.4 |
163.0 |
160.9 |
161.4 |
161.9 |
160.0 |
157.6 |
158.5 |
161.2 |
| Single-Family (Thousands) |
NA |
NA |
NA |
52.7 |
67.1 |
95.9 |
118.3 |
131.9 |
105.1 |
86.8 |
91.3 |
82.3 |
115.8 |
109.5 |
83.4 |
71.9 |
52.4 |
40.4 |
41.4 |
43.3 |
45.7 |
59.8 |
72.4 |
81.8 |
76.2 |
91.9 |
86.6 |
103.1 |
109.1 |
110.6 |
118.5 |
123.4 |
133.5 |
147.0 |
158.7 |
177.9 |
137.0 |
108.6 |
123.8 |
142.2 |
151.7 |
151.1 |
148.1 |
145.9 |
146.5 |
147.0 |
145.0 |
142.9 |
140.5 |
138.4 |
135.3 |
132.2 |
129.3 |
127.9 |
128.3 |
128.6 |
126.7 |
123.1 |
120.8 |
120.7 |
120.6 |
118.5 |
116.2 |
116.2 |
117.4 |
| Multi-Family (Thousands) |
NA |
NA |
NA |
38.5 |
20.8 |
41.0 |
74.6 |
90.5 |
80.8 |
60.5 |
63.7 |
89.0 |
160.1 |
131.2 |
67.7 |
51.8 |
11.3 |
4.6 |
3.5 |
7.8 |
7.3 |
10.9 |
10.1 |
23.5 |
34.1 |
29.7 |
39.9 |
49.6 |
45.5 |
33.0 |
29.8 |
36.0 |
36.1 |
36.4 |
32.5 |
36.8 |
38.9 |
42.0 |
44.9 |
41.8 |
40.2 |
41.3 |
40.1 |
40.3 |
41.0 |
42.4 |
43.5 |
43.8 |
43.9 |
42.6 |
40.7 |
39.8 |
39.1 |
38.7 |
38.6 |
39.0 |
39.7 |
39.9 |
40.1 |
40.7 |
41.3 |
41.6 |
41.4 |
42.3 |
43.8 |
Nonresidential-Area
(Millions of Square Feet) |
NA |
NA |
NA |
NA |
NA |
88.8 |
97.2 |
122.5 |
151.3 |
140.1 |
174.6 |
167.6 |
133.7 |
141.2 |
172.0 |
121.5 |
89.0 |
64.4 |
60.6 |
53.1 |
75.3 |
66.1 |
74.1 |
89.1 |
92.5 |
98.8 |
114.9 |
149.9 |
161.9 |
160.0 |
168.0 |
137.3 |
130.2 |
122.7 |
124.0 |
151.3 |
155.0 |
135.3 |
148.1 |
163.0 |
168.1 |
174.1 |
177.2 |
179.1 |
181.2 |
184.4 |
186.1 |
186.9 |
188.0 |
189.3 |
189.6 |
189.5 |
189.8 |
190.6 |
192.9 |
196.1 |
199.3 |
200.9 |
202.0 |
204.2 |
207.8 |
210.5 |
212.4 |
215.3 |
219.2 |
Nonbuilding-Value
(Millions of Dollars) |
$673.01 |
$1,123.60 |
$1,070.39 |
$1,158.13 |
$1,652.14 |
$1,164.45 |
$2,107.99 |
$1,790.89 |
$3,159.67 |
$2,770.89 |
$4,265.59 |
$2,128.22 |
$3,331.89 |
$2,702.71 |
$4,055.36 |
$4,071.68 |
$4,265.20 |
$4,209.53 |
$3,479.99 |
$3,447.96 |
$3,264.50 |
$3,102.45 |
$3,914.16 |
$4,281.49 |
$4,680.88 |
$4,778.39 |
$4,481.78 |
$5,167.76 |
$8,365.47 |
$7,803.46 |
$10,132.95 |
$8,649.71 |
$7,226.91 |
$8,937.19 |
$9,343.34 |
$11,951.86 |
$12,524.87 |
$13,708.09 |
$13,709.11 |
$14,128.63 |
$14,604.39 |
$15,322.69 |
$16,079.49 |
$16,828.42 |
$17,566.61 |
$18,362.09 |
$19,189.79 |
$20,033.56 |
$21,013.07 |
$22,057.31 |
$23,164.24 |
$24,290.90 |
$25,476.32 |
$26,711.09 |
$28,018.36 |
$29,419.81 |
$30,900.01 |
$32,425.84 |
$33,995.35 |
$35,652.85 |
$37,441.25 |
$39,333.05 |
$41,266.93 |
$43,284.71 |
$45,378.91 |
| Retail Sales - Taxable Only |
|
|---|
| Cars |
483.3 |
561.4 |
705.1 |
552.1 |
496.5 |
611.9 |
703.7 |
720.5 |
704.5 |
633.3 |
647.0 |
588.9 |
576.7 |
635.7 |
674.1 |
639.4 |
533.3 |
548.7 |
571.6 |
554.4 |
520.3 |
512.0 |
481.3 |
543.5 |
538.9 |
623.0 |
545.2 |
546.0 |
571.1 |
604.4 |
561.9 |
563.5 |
504.9 |
467.9 |
504.9 |
539.0 |
565.2 |
615.9 |
615.2 |
620.2 |
634.5 |
648.2 |
649.9 |
647.6 |
643.9 |
643.6 |
641.5 |
640.8 |
640.3 |
642.2 |
642.2 |
643.5 |
645.2 |
646.9 |
648.7 |
651.3 |
653.2 |
654.8 |
656.9 |
659.9 |
663.4 |
666.4 |
668.6 |
671.5 |
679.1 |
|---|
| Trucks |
136.6 |
176.0 |
243.8 |
215.2 |
181.8 |
246.3 |
297.5 |
330.6 |
307.8 |
275.3 |
290.4 |
318.9 |
313.9 |
385.3 |
434.7 |
402.8 |
342.0 |
367.2 |
389.4 |
391.4 |
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 |
780.5 |
781.3 |
743.3 |
819.7 |
847.0 |
863.2 |
878.4 |
901.6 |
920.3 |
924.9 |
927.5 |
929.9 |
933.2 |
934.3 |
936.6 |
939.0 |
944.3 |
947.8 |
953.2 |
959.4 |
966.3 |
973.7 |
982.2 |
989.7 |
996.9 |
1,005.1 |
1,015.4 |
1,026.8 |
1,038.5 |
1,049.2 |
1,061.6 |
1,074.9 |
Total Automobile Sales
(Thousands) |
619.9 |
737.5 |
948.9 |
767.4 |
678.4 |
858.2 |
1,001.2 |
1,051.1 |
1,012.4 |
908.6 |
937.4 |
907.8 |
890.6 |
1,021.0 |
1,108.8 |
1,042.3 |
875.3 |
915.9 |
961.0 |
945.8 |
887.3 |
921.6 |
903.7 |
1,029.9 |
1,039.3 |
1,215.5 |
1,118.4 |
1,189.1 |
1,284.1 |
1,405.9 |
1,372.2 |
1,430.8 |
1,302.6 |
1,248.4 |
1,286.2 |
1,282.3 |
1,384.8 |
1,462.9 |
1,478.4 |
1,498.5 |
1,536.1 |
1,568.5 |
1,574.8 |
1,575.0 |
1,573.9 |
1,576.9 |
1,575.7 |
1,577.4 |
1,579.3 |
1,586.5 |
1,590.0 |
1,596.8 |
1,604.6 |
1,613.2 |
1,622.4 |
1,633.5 |
1,643.0 |
1,651.7 |
1,662.0 |
1,675.3 |
1,690.2 |
1,704.9 |
1,717.8 |
1,733.1 |
1,754.0 |
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 |
$69,687.92 |
$73,688.83 |
$78,766.85 |
$84,307.80 |
$89,352.34 |
$94,492.41 |
$99,217.94 |
$106,945.57 |
$113,972.94 |
$121,644.73 |
$126,108.51 |
$128,622.09 |
$128,821.99 |
$135,040.07 |
$141,440.43 |
$150,246.94 |
$158,990.46 |
$169,732.95 |
$178,090.26 |
$187,308.61 |
$196,634.55 |
$206,293.97 |
$215,636.11 |
$225,054.58 |
$234,861.13 |
$245,402.47 |
$256,266.44 |
$267,637.81 |
$279,636.20 |
$292,156.14 |
$305,172.75 |
$318,565.49 |
$332,567.81 |
$347,064.87 |
$362,083.94 |
$377,944.58 |
$394,470.72 |
$411,397.41 |
$428,849.84 |
$447,031.16 |
$465,969.21 |
$485,291.81 |
$505,058.98 |
$525,712.65 |
$547,529.46 |
Source: Susan Combs, Texas Comptroller. Fall 2007 Forecast
