Top navigation skipped
Texas Economy Detail
2018-19 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Texas Exports (Millions of Dollars) | 41,450.0 | 44,530.0 | 46,260.0 | 52,390.0 | 60,510.0 | 65,320.0 | 73,910.0 | 79,358.5 | 79,377.7 | 100,062.4 | 99,570.2 | 93,552.3 | 97,487.5 | 112,663.1 | 126,250.4 | 144,087.4 | 164,291.3 | 192,372.5 | 161,249.8 | 195,980.6 | 242,377.1 | 261,978.2 | 272,200.0 | 293,900.0 | 264,100.0 | 233,705.0 | 249,614.0 | 298,041.0 | 316,360.6 | 336,734.2 | 348,771.9 | 363,696.0 | 382,374.3 | 404,575.2 | 427,646.8 | 450,492.3 | 473,328.4 | 495,919.9 | 520,907.5 | 547,230.7 | 572,242.1 | 598,961.2 | 626,404.4 | 655,522.5 | 686,171.5 | 718,772.7 | 753,208.3 | 787,964.7 | 826,575.6 | 866,312.7 | 906,504.8 | 950,281.4 | 994,928.4 | 1,042,519.3 | 1,091,833.2 | 1,144,310.7 | |
| Energy and Mining | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Oil Production (Millions of Barrels) | 648.8 | 625.1 | 591.7 | 557.0 | 524.0 | 502.2 | 483.3 | 470.0 | 408.2 | 401.6 | 385.0 | 370.1 | 359.8 | 353.4 | 348.9 | 346.3 | 342.4 | 344.3 | 350.0 | 353.8 | 409.3 | 554.1 | 735.9 | 934.0 | 1,125.8 | 1,054.1 | 1,007.0 | 1,077.6 | 1,488.2 | 1,661.1 | 1,793.1 | 1,901.3 | 1,985.3 | 2,055.4 | 2,098.7 | 2,135.6 | 2,163.2 | 2,189.9 | 2,199.2 | 2,210.6 | 2,216.2 | 2,214.9 | 2,199.2 | 2,188.0 | 2,175.0 | 2,166.1 | 2,143.0 | 2,123.2 | 2,100.5 | 2,080.1 | 2,044.6 | 2,010.4 | 1,971.6 | 1,932.6 | 1,877.3 | 1,820.8 | |
| Natural Gas Production (Millions of MCF) | 5,447.9 | 5,222.0 | 5,214.9 | 5,277.9 | 5,318.0 | 5,358.0 | 5,525.8 | 5,504.3 | 5,389.1 | 5,398.0 | 5,574.9 | 5,557.4 | 5,481.2 | 5,648.8 | 5,836.2 | 6,215.8 | 6,676.2 | 7,627.5 | 8,055.6 | 7,514.2 | 7,795.9 | 7,960.8 | 8,044.8 | 8,121.0 | 8,466.1 | 8,198.9 | 7,570.8 | 8,202.2 | 9,261.9 | 9,632.1 | 9,955.3 | 10,373.7 | 10,753.3 | 11,009.4 | 11,265.8 | 11,358.7 | 11,358.6 | 11,358.6 | 11,358.5 | 11,358.5 | 11,358.5 | 11,358.5 | 11,358.5 | 11,358.5 | 11,358.5 | 11,358.5 | 11,358.5 | 11,358.5 | 11,358.5 | 11,358.5 | 11,358.5 | 11,358.5 | 11,358.5 | 11,358.5 | 11,358.5 | 11,358.5 | |
| 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 | $53.00 | $50.00 | $53.00 | $57.00 | $56.00 | $55.00 | $56.00 | $60.00 | $68.00 | $75.00 | $81.00 | $85.00 | $86.00 | $87.00 | $88.00 | $88.00 | $88.00 | $89.00 | $89.00 | $89.00 | $89.00 | $89.00 | $89.00 | $89.00 | $89.00 | $89.00 | $89.00 | $89.00 | |
| NYMEX Natural Gas Price ($/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 | $3.15 | $2.90 | $2.75 | $3.00 | $3.05 | $3.25 | $3.50 | $3.60 | $3.60 | $3.60 | $3.60 | $3.60 | $3.60 | $3.65 | $3.65 | $3.65 | $3.65 | $3.65 | $3.65 | $3.65 | $3.70 | $3.70 | $3.70 | $3.70 | $3.70 | $3.70 | $3.75 | $3.75 | |
| 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 | 655.9 | 274.1 | 351.2 | 480.8 | 536.6 | 506.1 | 479.5 | 465.5 | 456.8 | 453.5 | 458 | 483.1 | 533.3 | 592.2 | 641.7 | 671.4 | 688.1 | 697.3 | 702.5 | 705.4 | 706.8 | 707.8 | 708.3 | 708.8 | 708.8 | 708.9 | 709.2 | 709.2 | 709.3 | 709.3 | 709.5 | 709.7 | |
| 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 | 155.4 | 165.7 | 165.8 | 164.3 | 174.0 | 196.1 | 214.4 | 216.3 | 214.7 | 213.8 | 213.0 | 216.9 | 216.3 | 212.0 | 209.4 | 209.9 | 214.2 | 219.3 | 216.1 | 214.6 | 220.7 | 226.0 | 227.1 | 228.2 | 229.9 | 229.7 | 231.5 | 235.2 | 237.0 | 240.6 | 245.8 | 250.9 | 255.6 | |
| 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 | 97.5 | 108.5 | 108.8 | 115.9 | 124.6 | 132.8 | 142.4 | 143.8 | 142.1 | 142.1 | 142.4 | 145.9 | 146.4 | 143.6 | 141.6 | 142.7 | 148.0 | 152.4 | 149.3 | 149.0 | 154.6 | 159.6 | 160.6 | 161.1 | 161.9 | 160.9 | 161.9 | 164.2 | 164.5 | 166.5 | 170.4 | 174.6 | 178.5 | |
| 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 | 57.2 | 57.0 | 48.4 | 49.5 | 63.3 | 72.0 | 72.5 | 72.6 | 71.7 | 70.6 | 71.0 | 70.0 | 68.4 | 67.8 | 67.2 | 66.2 | 66.9 | 66.8 | 65.6 | 66.2 | 66.4 | 66.5 | 67.1 | 68.1 | 68.8 | 69.6 | 71.0 | 72.5 | 74.1 | 75.4 | 76.3 | 77.1 | |
| 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 | 1,514.2 | 1,574.7 | 1,569.8 | 1,509.7 | 1,559.7 | 1,521.5 | 1,533.4 | 1,591.1 | 1,716.0 | 1,749.8 | 1,710.3 | 1,696.2 | 1,709.4 | 1,686.1 | 1,694.6 | 1,718.6 | 1,718.9 | 1,724.9 | 1,735.6 | 1,748.5 | 1,768.6 | 1,788.1 | 1,798.4 | 1,807.6 | 1,813.4 | 1,818.9 | 1,824.1 | 1,823.4 | 1,825.6 | 1,842.6 | 1,852.0 | 1,861.9 | 1,875.7 | |
| 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 | 643.6 | 637.2 | 592.5 | 516.1 | 475.4 | 513.0 | 509.7 | 506.8 | 531.9 | 545.2 | 540.9 | 531.3 | 533.6 | 526.1 | 526.0 | 530.7 | 527.8 | 527.2 | 527.7 | 527.7 | 530.3 | 531.2 | 529.0 | 530.5 | 531.3 | 531.6 | 532.0 | 530.8 | 528.9 | 528.6 | 526.4 | 524.0 | 521.7 | |
| 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 | 870.6 | 937.4 | 977.3 | 993.5 | 1,084.3 | 1,008.5 | 1,023.7 | 1,084.4 | 1,184.1 | 1,204.7 | 1,169.4 | 1,164.9 | 1,175.8 | 1,160.1 | 1,168.6 | 1,188.0 | 1,191.2 | 1,197.6 | 1,207.9 | 1,220.9 | 1,238.3 | 1,256.9 | 1,269.4 | 1,277.1 | 1,282.2 | 1,287.3 | 1,292.1 | 1,292.7 | 1,296.7 | 1,314.0 | 1,325.5 | 1,337.9 | 1,354.0 | |
| Retail Sales, Excluding Automobiles, Gasoline (Millions of Dollars) | n/a | n/a | n/a | n/a | n/a | n/a | 121,103.1 | 126,060.3 | 133,661.6 | 141,296.7 | 145,184.3 | 147,077.7 | 150,518.5 | 158,837.5 | 171,943.0 | 187,434.7 | 197,361.2 | 203,480.1 | 196,737.1 | 199,713.8 | 210,990.0 | 221,994.5 | 230,214.8 | 241,107.0 | 252,892.5 | 262,176.3 | 272,167.8 | 286,269.1 | 303,130.3 | 318,350.9 | 334,579.3 | 350,872.4 | 367,794.7 | 384,747.8 | 400,925.5 | 417,767.5 | 435,249.6 | 453,285.4 | 472,555.2 | 492,882.4 | 513,613.5 | 535,214.0 | 558,472.8 | 583,215.7 | 608,317.3 | 633,854.4 | 660,474.0 | 688,312.3 | 717,337.6 | 747,927.1 | 779,947.6 | 814,126.4 | 850,117.4 | 887,291.1 | 925,378.4 | 965,084.9 | |
Source: Fall 2018 Forecast. Glenn Hegar, Texas Comptroller of Public Accounts.