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Texas Economy Detail
Summer 2018 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) | 41,450.00 | 44,530.00 | 46,260.00 | 52,390.00 | 60,510.00 | 65,320.00 | 73,910.00 | 79,358.50 | 79,377.70 | 100,062.40 | 99,570.20 | 93,552.30 | 97,487.50 | 112,663.10 | 126,250.40 | 144,087.40 | 164,291.30 | 192,372.50 | 161,249.80 | 195,980.60 | 242,377.10 | 261,978.20 | 272,200.00 | 293,900.00 | 264,100.00 | 233,705.00 | 249,614.00 | 272,633.70 | 287,024.50 | 305,905.80 | 323,695.10 | 343,908.40 | 364,746.10 | 385,086.20 | 403,828.80 | 421,513.90 | 439,860.00 | 458,865.40 | 478,692.00 | 499,375.30 | 520,952.30 | 543,461.60 | 566,943.40 | 591,439.90 | 616,994.70 | 643,653.80 | 671,464.70 | 700,477.30 | 730,743.50 | 762,317.40 | 795,255.50 | 829,616.90 | 865,462.90 | 902,857.70 | 941,868.40 | 982,564.50 |
| Energy and Mining | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Oil Production (Millions of Barrels) | 648.8 | 625.1 | 591.7 | 557 | 524 | 502.2 | 483.3 | 470 | 408.2 | 401.6 | 385 | 370.1 | 359.8 | 353.4 | 348.9 | 346.3 | 342.4 | 344.3 | 350 | 353.8 | 409.3 | 554.1 | 735.9 | 934 | 1125.8 | 1054.1 | 1007 | 1077.6 | 1488.2 | 1661.1 | 1793.1 | 1901.3 | 1985.3 | 2055.4 | 2098.7 | 2135.6 | 2163.2 | 2189.9 | 2199.2 | 2210.6 | 2216.2 | 2214.9 | 2199.2 | 2188 | 2175 | 2166.1 | 2143 | 2123.2 | 2100.5 | 2080.1 | 2044.6 | 2010.4 | 1971.6 | 1932.6 | 1877.3 | 1820.8 |
| Natural Gas Production (Millions of MCF) | 5,337.60 | 5,005.70 | 4,814.50 | 4,927.70 | 4,972.30 | 5,026.10 | 5,085.80 | 5,135.00 | 5,086.40 | 5,123.20 | 5,235.00 | 5,156.50 | 5,137.00 | 5,106.20 | 5,130.90 | 5,381.40 | 5,808.60 | 6,503.90 | 6,847.50 | 6,733.90 | 6,887.90 | 7,274.00 | 7,539.30 | 7,796.70 | 7,938.20 | 7,593.20 | 7,227.10 | 7,811.40 | 7,952.90 | 8,026.00 | 8,020.40 | 8,019.90 | 8,018.60 | 8,033.00 | 8,017.20 | 8,017.00 | 8,016.80 | 8,032.10 | 8,016.70 | 8,016.70 | 8,016.70 | 8,032.00 | 8,016.70 | 8,016.70 | 8,016.70 | 8,032.00 | 8,016.70 | 8,016.70 | 8,016.70 | 8,032.00 | 8,016.70 | 8,016.70 | 8,016.70 | 8,032.00 | 8,016.70 | 8,016.70 |
| 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 | $60.00 | $64.00 | $60.00 | $57.00 | $55.00 | $55.00 | $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 | $2.85 | $2.90 | $2.85 | $2.80 | $3.00 | $3.10 | $3.30 | $3.50 | $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 | $3.70 | $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 | 656 | 275 | 351 | 417 | 428 | 431 | 435 | 444 | 459 | 475 | 486 | 487 | 488 | 490 | 489 | 490 | 490 | 491 | 491 | 491 | 491 | 492 | 491 | 491 | 491 | 492 | 491 | 491 | 491 | 492 | 491 | 493 |
| Construction | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Housing Starts (Thousands) | 51.6 | 69.2 | 81.5 | 105.9 | 108.5 | 121 | 127.6 | 151.7 | 152.9 | 142.3 | 147.4 | 159 | 169.2 | 181.4 | 189.7 | 213.4 | 175.5 | 140.9 | 87 | 86.3 | 87.2 | 114.4 | 135.6 | 155.3 | 166.2 | 165.7 | 167.7 | 186.7 | 202.6 | 209.7 | 215.4 | 219.6 | 221.9 | 221.9 | 222.2 | 221.8 | 220.7 | 216 | 216.3 | 222.3 | 226.1 | 223.9 | 224.1 | 231.7 | 239.8 | 245.7 | 247.2 | 248.3 | 247.5 | 248.8 | 252.2 | 253.7 | 256.7 | 261.6 | 266.9 | 272.1 |
| Single-Family (Thousands) | 44.7 | 59.3 | 71.3 | 81.4 | 76.9 | 92.6 | 87.5 | 104 | 109.9 | 110.8 | 118.8 | 123.3 | 133.2 | 146.9 | 157.8 | 175.9 | 134.6 | 92.8 | 64.5 | 73 | 64.7 | 77.7 | 87.3 | 97.4 | 108.8 | 108.8 | 116.2 | 126.1 | 133.9 | 136.5 | 138.7 | 140.2 | 142.2 | 142.9 | 143.4 | 143.3 | 141.5 | 136.8 | 136 | 141.1 | 144.2 | 140.8 | 139.8 | 145.8 | 152.1 | 156.9 | 158 | 159.2 | 159 | 160.1 | 163.3 | 163.5 | 165.4 | 169.7 | 174.7 | 179.2 |
| Multi-Family (Thousands) | 6.9 | 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 | 36.7 | 48.3 | 57.9 | 57.5 | 56.9 | 51.5 | 60.6 | 68.8 | 73.2 | 76.7 | 79.4 | 79.7 | 79 | 78.8 | 78.6 | 79.2 | 79.2 | 80.2 | 81.2 | 81.9 | 83.1 | 84.3 | 85.9 | 87.7 | 88.8 | 89.2 | 89.1 | 88.6 | 88.7 | 88.9 | 90.2 | 91.2 | 91.9 | 92.2 | 92.8 |
| Automobile Sales (Thousands) | 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 | 1,272.20 | 878.7 | 887.1 | 993.6 | 1,210.10 | 1,429.70 | 1,514.20 | 1,574.70 | 1,569.80 | 1,509.70 | 1,607.30 | 1,607.80 | 1,568.20 | 1,612.30 | 1,725.80 | 1,753.90 | 1,712.00 | 1,696.80 | 1,709.50 | 1,687.00 | 1,697.80 | 1,722.90 | 1,723.00 | 1,729.20 | 1,740.90 | 1,754.80 | 1,775.30 | 1,794.80 | 1,805.10 | 1,814.70 | 1,821.10 | 1,827.10 | 1,832.50 | 1,831.90 | 1,833.80 | 1,850.70 | 1,860.20 | 1,870.30 | 1,884.40 |
| Cars | 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 | 567.4 | 393.5 | 375.1 | 415.5 | 519.4 | 626.3 | 643.6 | 637.2 | 592.5 | 516.1 | 529.1 | 554.5 | 519.9 | 513.9 | 535.5 | 547.1 | 542.2 | 531.9 | 533.9 | 526.6 | 527.2 | 532.2 | 529.3 | 528.8 | 529.4 | 529.6 | 532.3 | 533 | 530.8 | 532.3 | 533.1 | 533.5 | 533.9 | 532.7 | 530.7 | 530.3 | 528.1 | 525.6 | 523.5 |
| Trucks | 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 | 704.8 | 485.2 | 512.1 | 578.2 | 690.7 | 803.4 | 870.6 | 937.4 | 977.3 | 993.5 | 1,078.20 | 1,053.30 | 1,048.30 | 1,098.40 | 1,190.30 | 1,206.80 | 1,169.80 | 1,164.90 | 1,175.50 | 1,160.40 | 1,170.50 | 1,190.60 | 1,193.70 | 1,200.40 | 1,211.50 | 1,225.20 | 1,243.10 | 1,261.70 | 1,274.40 | 1,282.40 | 1,287.90 | 1,293.50 | 1,298.60 | 1,299.20 | 1,303.10 | 1,320.30 | 1,332.10 | 1,344.70 | 1,360.90 |
| Retail Sales, Excluding Automobiles, Gasoline (Millions of Dollars) |
n/a | n/a | n/a | n/a | n/a | n/a | n/a | 125,938.00 | 133,518.10 | 140,906.50 | 144,588.40 | 146,930.90 | 150,842.50 | 159,786.10 | 173,164.20 | 188,190.20 | 197,409.20 | 203,749.50 | 196,719.90 | 200,054.80 | 211,451.80 | 222,077.40 | 230,284.20 | 243,018.20 | 255,318.40 | 263,524.40 | 273,173.20 | 288,462.00 | 302,537.80 | 318,957.70 | 336,016.60 | 352,598.90 | 369,301.00 | 385,072.50 | 399,112.00 | 413,965.50 | 430,649.20 | 448,986.80 | 468,578.10 | 488,586.10 | 508,902.00 | 530,213.80 | 552,860.20 | 577,303.20 | 602,373.40 | 628,046.20 | 655,055.90 | 679,799.60 | 798,614.40 | 830,870.40 | 864,750.80 | 901,000.80 | 939,384.80 | 979,275.40 | 1,019,911.10 | 1,062,101.80 |
Source: Summer 2018 Forecast. Glenn Hegar, Texas Comptroller of Public Accounts.