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Texas Economy Detail
Texas Economic Forecast 2014-15
Texas Economy Detail
Fiscal Years 1971—2041
| 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 | 2036 | 2037 | 2038 | 2039 | 2040 | 2041 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Texas Exports (Billions of Dollars) | 3.51 | 3.79 | 5.1 | 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 | 73.91 | 79.36 | 79.38 | 100.06 | 99.57 | 93.55 | 97.49 | 112.66 | 126.25 | 144.09 | 164.3 | 192.39 | 161.27 | 195.99 | 242.39 | 262.68 | 272.51 | 293.63 | 310.58 | 331.18 | 353.76 | 378.81 | 406.76 | 437.77 | 471.48 | 507.65 | 545.79 | 587.27 | 629.56 | 670 | 711.26 | 753.91 | 799.07 | 845.67 | 895.55 | 949.54 | 1,006.76 | 1,065.58 | 1,124.97 | 1,186.49 | 1,252.35 | 1,322.13 | 1,394.28 | 1,471.27 | 1,551.58 |
| AGRICULTURE | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Agricultural Receipts (Millions of Dollars) | 3,366 | 3,793 | 6,148 | 5,765 | 5,834 | 6,216 | 6,531 | 7,242 | 9,784 | 9,184 | 9,549 | 9,454 | 9,165 | 9,617 | 9,393 | 8,639 | 8,940 | 10,096 | 10,749 | 11,592 | 12,113 | 11,451 | 12,512 | 12,846 | 13,076 | 12,733 | 13,140 | 13,175 | 13,061 | 12,924 | 13,512 | 12,447 | 14,862 | 16,637 | 16,697 | 15,973 | 18,405 | 19,597 | 17,180 | 19,684 | 21,985 | 22,596 | 23,379 | 22,797 | 22,792 | 23,067 | 23,640 | 24,333 | 24,918 | 25,584 | 26,275 | 26,988 | 27,695 | 28,529 | 29,380 | 30,128 | 30,833 | 31,526 | 32,190 | 32,825 | 33,479 | 34,194 | 34,969 | 35,742 | 36,495 | 37,274 | 38,075 | 38,900 | 39,743 | 40,599 | 41,472 |
| Cash Receipts: Crops (Millions of Dollars) | 1,167 | 1,323 | 2,579 | 2,707 | 2,787 | 3,062 | 3,151 | 2,927 | 3,813 | 3,871 | 4,138 | 4,038 | 3,695 | 3,734 | 3,880 | 3,191 | 2,990 | 3,573 | 4,006 | 3,980 | 4,295 | 3,949 | 4,400 | 4,783 | 4,634 | 5,050 | 5,077 | 5,057 | 4,693 | 3,888 | 4,078 | 4,372 | 4,964 | 5,522 | 6,019 | 5,802 | 7,201 | 8,124 | 6,526 | 8,482 | 6,724 | 7,499 | 7,537 | 6,743 | 6,588 | 6,711 | 6,906 | 7,192 | 7,484 | 7,797 | 8,112 | 8,420 | 8,725 | 9,034 | 9,352 | 9,682 | 10,020 | 10,368 | 10,723 | 11,087 | 11,461 | 11,845 | 12,238 | 12,642 | 13,058 | 13,487 | 13,929 | 14,383 | 14,849 | 15,328 | 15,820 |
| Cash Receipts: Livestock (Millions of Dollars) | 2,199 | 2,471 | 3,570 | 3,058 | 3,047 | 3,154 | 3,380 | 4,316 | 5,970 | 5,313 | 5,411 | 5,416 | 5,470 | 5,883 | 5,512 | 5,448 | 5,949 | 6,524 | 6,743 | 7,612 | 7,818 | 7,501 | 8,113 | 8,063 | 8,442 | 7,683 | 8,063 | 8,118 | 8,368 | 9,037 | 9,434 | 8,075 | 9,898 | 11,115 | 10,677 | 10,171 | 11,204 | 11,472 | 10,654 | 11,202 | 15,261 | 15,098 | 15,842 | 16,054 | 16,205 | 16,356 | 16,734 | 17,141 | 17,434 | 17,787 | 18,162 | 18,568 | 18,970 | 19,495 | 20,028 | 20,446 | 20,813 | 21,158 | 21,467 | 21,739 | 22,019 | 22,349 | 22,731 | 23,100 | 23,437 | 23,786 | 24,146 | 24,517 | 24,894 | 25,271 | 25,651 |
| ENERGY AND MINING | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Oil Production (Millions of Barrels) | NA | NA | 1,257.40 | 1,228.90 | 1,182.50 | 1,156.40 | 1,105.40 | 1,037.00 | 986.6 | 931.5 | 897 | 869.9 | 845 | 838.9 | 830.4 | 788.1 | 730 | 702 | 653.8 | 640.4 | 688.9 | 665.5 | 628.5 | 591.2 | 559.2 | 535.8 | 518.9 | 489.8 | 437.8 | 417.6 | 402.2 | 381.6 | 368.6 | 359.2 | 353.2 | 346.9 | 340.2 | 344.4 | 350 | 353.8 | 408.5 | 551.9 | 732.1 | 917.8 | 970.5 | 959 | 959.1 | 959.1 | 959.7 | 960.9 | 961.8 | 962.5 | 963 | 963.4 | 963.6 | 963.8 | 963.9 | 964.2 | 964.2 | 964.3 | 964.3 | 964.3 | 964.3 | 964.3 | 964.4 | 964.4 | 964.4 | 964.4 | 964.4 | 964.4 | 964.4 |
| Natural Gas Production (Millions of Mcf) | NA | NA | NA | NA | NA | NA | 11,240.50 | 10,646.60 | 10,599.40 | 10,658.60 | 10,205.70 | 9,614.60 | 8,391.70 | 8,575.70 | 8,317.10 | 8,248.80 | 7,683.80 | 8,022.10 | 7,745.90 | 7,987.10 | 8,179.30 | 6,404.40 | 4,873.90 | 5,050.60 | 4,760.30 | 4,816.70 | 5,001.70 | 4,978.30 | 4,816.00 | 4,822.50 | 5,081.30 | 5,113.60 | 5,141.70 | 5,174.20 | 5,321.30 | 5,714.70 | 6,113.00 | 7,129.10 | 7,572.50 | 7,035.60 | 7,304.40 | 7,496.10 | 7,292.10 | 7,306.80 | 7,636.60 | 7,679.10 | 7,717.40 | 7,747.50 | 7,794.80 | 7,833.80 | 7,873.00 | 7,912.30 | 7,951.90 | 7,991.70 | 8,031.60 | 8,071.80 | 8,112.10 | 8,152.70 | 8,193.50 | 8,234.40 | 8,275.60 | 8,317.00 | 8,358.60 | 8,400.30 | 8,442.40 | 8,484.60 | 8,527.00 | 8,569.60 | 8,612.50 | 8,655.50 | 8,698.80 |
| Average Taxable Oil Price (Dollars/Barrel) | NA | $3.48 | $3.58 | $6.03 | $7.39 | $7.95 | $8.32 | $8.93 | $10.31 | $17.93 | $30.89 | $32.73 | $30.28 | $29.04 | $27.44 | $20.55 | $15.50 | $16.60 | $15.89 | $17.76 | $23.01 | $18.61 | $17.95 | $14.68 | $16.22 | $17.86 | $20.59 | $15.12 | $12.91 | $25.16 | $27.73 | $21.91 | $28.61 | $32.51 | $46.92 | $61.19 | $59.13 | $98.89 | $59.99 | $72.75 | $87.91 | $91.96 | $95.37 | $96.56 | $64.35 | $64.52 | $69.27 | $72.69 | $78.83 | $83.31 | $87.77 | $92.46 | $97.41 | $102.62 | $108.11 | $113.89 | $119.99 | $122.99 | $126.06 | $129.21 | $132.44 | $135.76 | $139.15 | $142.63 | $146.19 | $149.85 | $153.60 | $157.44 | $161.37 | $165.41 | $169.54 |
| Average Taxable Natural Gas Price (Dollars/Mcf) | NA | NA | NA | NA | NA | $0.64 | $0.79 | $0.89 | $1.00 | $1.27 | $1.58 | $1.91 | $2.14 | $2.25 | $2.21 | $1.82 | $1.36 | $1.37 | $1.45 | $1.45 | $1.43 | $1.36 | 1.87 | 1.8 | 1.49 | 1.68 | 2.19 | 2.05 | 1.74 | 2.65 | 4.96 | 2.48 | 4.18 | 4.77 | $5.79 | $7.54 | $6.17 | $7.47 | $5.11 | $3.91 | $4.09 | $3.51 | $3.33 | $4.31 | $3.76 | $3.56 | $3.72 | $3.91 | $4.05 | $4.10 | $4.24 | $4.43 | $4.60 | $4.76 | $4.93 | $5.10 | $5.28 | $5.46 | $5.65 | $5.84 | $6.01 | $6.19 | $6.36 | $6.52 | $6.69 | $6.85 | $7.02 | $7.20 | $7.38 | $7.56 | $7.75 |
| Rig Count | 296 | 319 | 358 | 470 | 609 | 645 | 753 | 847 | 767 | 947 | 1,239 | 1,125 | 783 | 860 | 744 | 374 | 282 | 296 | 257 | 331 | 340 | 246 | 264 | 275 | 257 | 271 | 338 | 338 | 213 | 312 | 459 | 353 | 419 | 491 | 581 | 717 | 816 | 893 | 541 | 586 | 794 | 935 | 862 | 841 | 817 | 802 | 842 | 882 | 904 | 924 | 933 | 943 | 949 | 959 | 969 | 976 | 975 | 968 | 964 | 961 | 959 | 953 | 948 | 945 | 943 | 940 | 936 | 932 | 927 | 923 | 919 |
| Construction | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Housing Starts (Thousands) | NA | NA | NA | 91.2 | 87.9 | 123.7 | 164.5 | 203.4 | 180.5 | 145.9 | 156.5 | 182.4 | 284.2 | 243.2 | 152.6 | 120.1 | 64.4 | 45.3 | 44.9 | 51.5 | 51.6 | 69.1 | 81.5 | 105.8 | 108.5 | 120.8 | 127.4 | 151.5 | 152.9 | 142.2 | 147.3 | 158.6 | 169.1 | 181.2 | 189.5 | 212.9 | 175.2 | 140.3 | 87 | 86.3 | 86.9 | 114.2 | 142.2 | 159.3 | 179 | 189.8 | 195.8 | 204.1 | 216.2 | 218.3 | 213 | 209.8 | 208.9 | 210.5 | 214.5 | 219.4 | 220.4 | 219 | 220.9 | 223.8 | 224.6 | 221.1 | 219.5 | 221 | 223.1 | 224.8 | 224.8 | 225.3 | 224.7 | 224.9 | 228.1 |
| Single-Family (Thousands) | NA | NA | NA | 52.7 | 67.1 | 78.1 | 98.4 | 122.7 | 105.3 | 86.3 | 91.8 | 87 | 125.1 | 112.6 | 85.9 | 73.3 | 53.4 | 40.6 | 41.5 | 43.4 | 44.7 | 59.2 | 71.2 | 81.2 | 76.9 | 92.4 | 87.3 | 103.8 | 109.8 | 110.7 | 118.7 | 123 | 133.1 | 146.8 | 157.6 | 175.4 | 134.4 | 92.3 | 64.5 | 73 | 64.4 | 77.1 | 90.3 | 101.2 | 108.8 | 115.1 | 119.4 | 123.7 | 129.8 | 131 | 129.2 | 127.4 | 127 | 127.4 | 129.5 | 130.5 | 129.9 | 128 | 127.7 | 128.7 | 128.7 | 125.2 | 124.2 | 126 | 128.3 | 129.6 | 129.6 | 130.4 | 130.1 | 130.7 | 132.4 |
| Multi-Family (Thousands) | NA | NA | NA | 38.5 | 20.8 | 45.5 | 66.1 | 80.7 | 75.2 | 59.6 | 64.7 | 95.4 | 159.1 | 130.6 | 66.7 | 46.8 | 11 | 4.6 | 3.4 | 8.1 | 7 | 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 | 36.5 | 47.9 | 59.6 | 70.5 | 74.2 | 74.6 | 76.4 | 80 | 84.8 | 85.1 | 86.4 | 87.9 | 90.7 | 93.1 | 93.7 | 94.7 | 95.5 | 97.9 | 100.6 | 102 | 104.1 | 105.8 | 107 | 107.9 | 109.1 | 110.2 | 110.8 | 111.8 | 113.2 | 114.2 |
| 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 | 121.5 | 89 | 64.4 | 60.6 | 53.2 | 75.3 | 66 | 74.1 | 89 | 92.5 | 98.8 | 114.9 | 149.9 | 161.8 | 160 | 168 | 137.3 | 130.2 | 122.5 | 129.6 | 156.4 | 185.2 | 181.8 | 112.5 | 78.6 | 77.8 | 86.9 | 114.8 | 117.7 | 135.4 | 160.5 | 181.9 | 194.8 | 204.4 | 211.4 | 214.7 | 217 | 216.8 | 219.9 | 225.4 | 232.5 | 239.5 | 242.1 | 246.1 | 251.1 | 256.5 | 258.8 | 260.8 | 265.9 | 270.5 | 275.6 | 280.6 | 285.4 | 289.5 | 293.6 | 300 |
| Nonbuilding Value (Millions of Dollars) | 673 | 1,124 | 1,070 | 1,158 | 1,652 | 1,164 | 2,108 | 1,791 | 3,160 | 2,886 | 4,157 | 2,040 | 3,297 | 2,777 | 4,044 | 4,041 | 4,262 | 4,193 | 3,501 | 3,394 | 3,264 | 3,102 | 3,914 | 4,281 | 4,681 | 4,778 | 4,482 | 5,168 | 8,365 | 7,803 | 10,132 | 8,650 | 7,231 | 8,941 | 9,343 | 11,915 | 13,606 | 11,105 | 10,010 | 11,552 | 12,527 | 12,382 | 15,046 | 17,004 | 18,214 | 20,231 | 22,122 | 23,497 | 24,560 | 25,744 | 27,114 | 28,514 | 29,726 | 31,148 | 32,842 | 34,689 | 36,780 | 38,789 | 40,892 | 43,076 | 45,507 | 48,025 | 50,638 | 53,529 | 56,480 | 59,633 | 63,080 | 66,669 | 70,426 | 74,332 | 78,577 |
| RETAIL SALES (TAXABLE) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Automobile Sales (Thousands) | 619.9 | 737.5 | 948.9 | 767.4 | 678.4 | 858.2 | 1,001.20 | 1,051.10 | 1,012.40 | 908.6 | 937.4 | 907.8 | 890.6 | 1,021.00 | 1,108.80 | 1,042.30 | 875.3 | 915.9 | 961 | 945.8 | 887.3 | 921.6 | 903.7 | 1,029.90 | 1,039.30 | 1,215.50 | 1,118.40 | 1,189.10 | 1,284.00 | 1,406.00 | 1,372.00 | 1,430.60 | 1,302.70 | 1,247.30 | 1,285.30 | 1,283.60 | 1,365.50 | 1,272.30 | 880.4 | 887.2 | 998.4 | 1,208.50 | 1,430.40 | 1,472.00 | 1,513.30 | 1,559.60 | 1,582.20 | 1,594.00 | 1,609.20 | 1,627.20 | 1,639.70 | 1,652.20 | 1,663.00 | 1,679.20 | 1,709.40 | 1,743.70 | 1,778.80 | 1,810.50 | 1,836.20 | 1,862.40 | 1,887.90 | 1,916.50 | 1,941.70 | 1,971.20 | 2,007.00 | 2,044.20 | 2,084.30 | 2,126.80 | 2,169.60 | 2,212.60 | 2,255.90 |
| Cars (Thousands) | 483.3 | 561.4 | 705.1 | 552.1 | 496.5 | 611.9 | 703.7 | 720.5 | 704.5 | 633.3 | 647 | 588.9 | 576.7 | 635.7 | 674.1 | 639.4 | 533.3 | 548.7 | 571.6 | 554.4 | 520.3 | 512 | 481.3 | 543.5 | 538.9 | 623 | 545.2 | 546 | 571 | 604.6 | 561.8 | 563.4 | 504.9 | 467.1 | 503.9 | 539.1 | 550.7 | 567.2 | 394.7 | 375.3 | 416.8 | 517.4 | 630.8 | 647.5 | 674.3 | 728.6 | 766.7 | 780.1 | 797.7 | 817.5 | 831.8 | 846.5 | 862.7 | 869.2 | 892.2 | 917.3 | 942.9 | 967.1 | 988.5 | 1,010.40 | 1,032.30 | 1,056.10 | 1,078.50 | 1,103.80 | 1,132.70 | 1,162.80 | 1,194.70 | 1,228.50 | 1,262.70 | 1,297.40 | 1,332.90 |
| Trucks (Thousands) | 136.6 | 176 | 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 | 367.2 | 389.4 | 391.4 | 367 | 409.6 | 422.4 | 486.4 | 500.4 | 592.5 | 573.3 | 643.1 | 713 | 801.5 | 810.2 | 867.2 | 797.7 | 780.2 | 781.4 | 744.5 | 814.9 | 705.1 | 485.7 | 511.9 | 581.6 | 691.1 | 799.6 | 824.6 | 839.1 | 831.1 | 815.6 | 813.9 | 811.5 | 809.7 | 807.9 | 805.8 | 800.3 | 810 | 817.2 | 826.5 | 835.9 | 843.4 | 847.7 | 852 | 855.6 | 860.4 | 863.1 | 867.5 | 874.3 | 881.4 | 889.5 | 898.4 | 906.9 | 915.2 | 923 |
| Retail Sales, Excluding Automobiles (Taxable, Millions of Dollars) | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | 65,523 | 69,284 | 74,059 | 79,269 | 84,012 | 88,844 | 93,287 | 100,551 | 107,153 | 114,360 | 118,550 | 122,552 | 124,189 | 131,790 | 140,656 | 154,186 | 164,719 | 169,953 | 166,324 | 165,914 | 176,160 | 188,989 | 203,592 | 213,475 | 221,407 | 231,764 | 243,540 | 256,380 | 269,468 | 283,230 | 296,658 | 309,953 | 323,612 | 338,434 | 353,999 | 370,312 | 387,617 | 406,011 | 425,234 | 445,493 | 466,691 | 488,825 | 512,067 | 536,660 | 562,755 | 590,241 | 619,060 | 649,270 | 680,995 | 714,076 | 748,797 |
Source: Glenn Hegar, Texas Comptroller of Public Accounts, Winter 2014-15 Forecast