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Texas Economy Detail
Fall 2019 Economic Forecast
Texas Economy Detail
Calendar Years 1990—2046
| Year | 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 | 2042 | 2043 | 2044 | 2045 | 2046 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Texas Exports (Millions of Dollars) | 37,404.0 | 42,518.0 | 45,135.0 | 47,211.0 | 54,229.0 | 62,221.0 | 66,883.0 | 76,192.0 | 78,878.0 | 83,190.0 | 103,909.0 | 95,054.0 | 95,491.0 | 98,934.0 | 117,375.0 | 129,232.0 | 150,749.0 | 168,069.0 | 192,147.0 | 162,919.0 | 206,910.0 | 250,224.0 | 265,352.0 | 279,695.0 | 289,023.0 | 251,087.0 | 232,588.0 | 264,085.6 | 315,447.8 | 332,482.0 | 354,778.0 | 364,177.6 | 377,020.2 | 391,843.8 | 409,968.6 | 432,096.2 | 457,122.9 | 483,655.6 | 510,235.5 | 537,027.6 | 563,263.1 | 588,454.4 | 615,058.3 | 643,039.7 | 671,539.5 | 702,029.9 | 734,762.8 | 769,432.9 | 804,975.4 | 842,492.2 | 882,020.2 | 923,033.2 | 967,821.6 | 1,015,137.9 | 1,065,789.6 | 1,120,728.9 | 1,179,396.6 |
| Energy and Mining | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Oil Production (Millions of Barrels) | 639.7 | 642.3 | 612.4 | 576.4 | 542.1 | 513.9 | 493.9 | 479.7 | 448.2 | 394.3 | 398.3 | 381.4 | 362.9 | 358.8 | 349.4 | 348.5 | 345.6 | 341.1 | 347.7 | 349.0 | 370.6 | 458.2 | 627.9 | 816.0 | 1,030.5 | 1,119.1 | 1,022.4 | 1,008.7 | 1,254.2 | 1,577.8 | 1,664.6 | 1,831.0 | 2,038.1 | 2,181.1 | 2,270.2 | 2,310.6 | 2,336.3 | 2,350.4 | 2,364.5 | 2,358.6 | 2,339.1 | 2,299.7 | 2,254.8 | 2,191.6 | 2,137.1 | 2,085.5 | 2,043.3 | 1,995.6 | 1,959.1 | 1,927.3 | 1,904.8 | 1,875.4 | 1,854.2 | 1,835.6 | 1,824.3 | 1,805.0 | 1,800.0 |
| Natural Gas Production (Millions of MCF) | 5,508.5 | 5,382.8 | 5,125.7 | 5,254.9 | 5,353.5 | 5,238.4 | 5,533.8 | 5,478.9 | 5,503.3 | 5,307.2 | 5,500.1 | 5,620.8 | 5,475.5 | 5,563.4 | 5,716.4 | 6,029.4 | 6,423.5 | 7,105.3 | 7,958.1 | 7,753.3 | 7,646.0 | 7,901.3 | 8,009.0 | 8,092.3 | 8,304.6 | 8,430.9 | 7,750.4 | 7,803.1 | 8,849.1 | 9,398.1 | 9,865.5 | 10,214.6 | 10,649.4 | 10,947.0 | 11,147.5 | 11,303.6 | 11,359.0 | 11,389.2 | 11,429.3 | 11,414.4 | 11,419.2 | 11,421.8 | 11,447.0 | 11,423.9 | 11,424.3 | 11,424.6 | 11,448.5 | 11,424.7 | 11,424.8 | 11,424.8 | 11,448.7 | 11,424.8 | 11,424.8 | 11,424.8 | 11,448.7 | 11,424.8 | 11,424.3 |
| NYMEX Oil Price ($/Barrel) | 24.50 | 21.46 | 20.57 | 18.48 | 17.18 | 18.40 | 22.01 | 20.61 | 14.43 | 19.24 | 30.20 | 25.90 | 26.08 | 31.04 | 41.40 | 56.56 | 66.22 | 72.31 | 99.65 | 61.80 | 79.53 | 95.12 | 94.21 | 97.97 | 93.00 | 48.79 | 43.32 | 50.95 | 64.73 | 58.00 | 56.00 | 54.00 | 59.00 | 63.00 | 67.00 | 72.00 | 77.00 | 82.00 | 87.00 | 92.00 | 99.00 | 105.00 | 112.00 | 118.00 | 124.00 | 128.00 | 131.00 | 134.00 | 137.00 | 138.00 | 140.00 | 141.00 | 142.00 | 143.00 | 143.00 | 144.00 | 144.00 |
| NYMEX Natural Gas Price ($/Million BTUs) | N/A | N/A | N/A | N/A | 1.95 | 1.69 | 2.51 | 2.47 | 2.16 | 2.31 | 4.31 | 4.03 | 3.36 | 5.50 | 6.19 | 9.00 | 6.99 | 7.12 | 8.90 | 4.16 | 4.40 | 4.03 | 2.82 | 3.73 | 4.28 | 2.63 | 2.55 | 3.02 | 3.00 | 3.00 | 2.55 | 2.55 | 2.60 | 2.75 | 3.00 | 3.20 | 3.40 | 3.55 | 3.75 | 3.90 | 4.00 | 4.15 | 4.90 | 5.20 | 5.30 | 5.40 | 5.45 | 5.85 | 6.10 | 6.35 | 6.55 | 6.80 | 7.35 | 7.60 | 8.15 | 8.70 | 9.10 |
| Rig Count | 348.9 | 322.3 | 250.9 | 268.4 | 273.6 | 250.9 | 283.0 | 357.6 | 301.7 | 226.1 | 342.5 | 461.9 | 338.3 | 449.0 | 505.9 | 613.5 | 746.0 | 833.8 | 897.6 | 431.5 | 659.3 | 838.4 | 887.1 | 827.2 | 879.5 | 426.1 | 236.2 | 430.6 | 515.0 | 475.5 | 474.0 | 513.3 | 562.7 | 598.5 | 619.6 | 631.7 | 635.0 | 632.3 | 628.0 | 622.2 | 611.8 | 593.5 | 570.4 | 546.8 | 524.7 | 504.0 | 484.8 | 467.6 | 452.1 | 438.0 | 425.3 | 413.6 | 403.0 | 393.1 | 384.1 | 375.7 | 367.8 |
| Construction | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Housing Starts (Thousands) | 52.6 | 56.4 | 71.7 | 86.5 | 109.6 | 110.1 | 122.3 | 131.8 | 157.3 | 147.2 | 143.1 | 147.9 | 162.6 | 176.4 | 178.5 | 199.2 | 207.2 | 167.8 | 126.5 | 81.5 | 85.2 | 93.9 | 123.5 | 139.1 | 156.9 | 169.5 | 162.9 | 167.0 | 173.8 | 181.4 | 176.0 | 178.9 | 184.1 | 183.3 | 184.1 | 187.5 | 184.2 | 178.7 | 176.5 | 177.3 | 181.8 | 187.3 | 183.0 | 182.7 | 185.4 | 189.0 | 189.1 | 188.9 | 188.8 | 187.5 | 189.0 | 191.3 | 192.8 | 195.7 | 200.0 | 203.9 | 207.3 |
| Single-Family (Thousands) | 43.9 | 47.6 | 62.6 | 74.9 | 80.5 | 79.8 | 91.9 | 89.3 | 109.9 | 107.8 | 112.3 | 118.8 | 126.9 | 138.1 | 145.9 | 166.5 | 167.9 | 123.9 | 82.3 | 67.4 | 70.4 | 66.0 | 81.3 | 89.6 | 101.6 | 108.4 | 110.3 | 117.7 | 122.4 | 120.9 | 118.5 | 118.9 | 120.8 | 120.4 | 121.5 | 124.7 | 123.1 | 119.5 | 117.9 | 118.4 | 122.2 | 126.3 | 123.1 | 124.6 | 127.7 | 131.7 | 132.1 | 131.4 | 130.6 | 128.7 | 129.6 | 130.7 | 130.9 | 132.7 | 136.0 | 139.4 | 142.2 |
| Multi-Family (Thousands) | 8.7 | 8.7 | 9.1 | 11.7 | 29.2 | 30.3 | 30.4 | 42.5 | 47.4 | 39.5 | 30.8 | 29.1 | 35.7 | 38.3 | 32.6 | 32.7 | 39.3 | 43.9 | 44.2 | 14.1 | 14.8 | 27.9 | 42.1 | 49.4 | 55.3 | 61.1 | 52.6 | 49.4 | 51.4 | 60.4 | 57.5 | 60.1 | 63.4 | 62.9 | 62.6 | 62.8 | 61.1 | 59.1 | 58.6 | 58.9 | 59.7 | 61.0 | 60.0 | 58.1 | 57.7 | 57.3 | 57.0 | 57.4 | 58.2 | 58.8 | 59.4 | 60.6 | 61.9 | 62.9 | 64.0 | 64.6 | 65.1 |
| Automobile Sales (Thousands) | 960.8 | 877.6 | 889.2 | 941.5 | 1,019.3 | 1,127.4 | 1,166.5 | 1,144.3 | 1,212.7 | 1,284.8 | 1,414.8 | 1,451.7 | 1,357.2 | 1,276.8 | 1,252.3 | 1,275.7 | 1,296.2 | 1,388.9 | 1,176.2 | 850.6 | 916.7 | 1,025.0 | 1,276.7 | 1,422.7 | 1,574.2 | 1,587.4 | 1,550.9 | 1,537.7 | 1,535.0 | 1,542.6 | 1,561.1 | 1,613.3 | 1,723.1 | 1,732.1 | 1,701.3 | 1,700.9 | 1,702.5 | 1,684.3 | 1,703.4 | 1,719.8 | 1,718.4 | 1,728.7 | 1,738.2 | 1,753.7 | 1,774.9 | 1,791.2 | 1,801.5 | 1,809.8 | 1,815.7 | 1,821.2 | 1,825.1 | 1,822.8 | 1,830.6 | 1,846.2 | 1,854.3 | 1,866.4 | 1,878.1 |
| Cars | 565.4 | 509.1 | 484.7 | 500.5 | 539.0 | 586.3 | 585.7 | 552.4 | 547.9 | 569.0 | 603.6 | 587.6 | 535.4 | 486.2 | 469.2 | 514.9 | 536.3 | 565.0 | 532.5 | 384.9 | 378.1 | 424.3 | 561.8 | 618.7 | 664.2 | 631.5 | 572.7 | 509.9 | 459.1 | 470.4 | 531.6 | 523.0 | 535.6 | 542.7 | 536.8 | 531.2 | 532.1 | 523.5 | 529.2 | 532.5 | 528.6 | 531.1 | 530.1 | 531.0 | 534.4 | 533.1 | 532.8 | 534.0 | 534.7 | 535.2 | 535.4 | 533.8 | 532.4 | 531.9 | 529.4 | 527.1 | 524.5 |
| Trucks | 395.3 | 368.5 | 404.5 | 441.0 | 480.3 | 541.2 | 580.8 | 591.9 | 664.9 | 715.8 | 811.2 | 864.1 | 821.8 | 790.7 | 783.1 | 760.8 | 760.0 | 823.8 | 643.7 | 465.7 | 538.5 | 600.7 | 714.9 | 804.0 | 910.1 | 955.8 | 978.2 | 1,027.8 | 1,076.0 | 1,072.3 | 1,029.5 | 1,090.3 | 1,187.5 | 1,189.3 | 1,164.5 | 1,169.7 | 1,170.4 | 1,160.8 | 1,174.2 | 1,187.3 | 1,189.8 | 1,197.6 | 1,208.1 | 1,222.7 | 1,240.5 | 1,258.2 | 1,268.8 | 1,275.9 | 1,281.0 | 1,286.0 | 1,289.7 | 1,288.9 | 1,298.2 | 1,314.3 | 1,324.9 | 1,339.4 | 1,353.6 |
| Retail Sales, Excluding Automobiles, Gasoline (Millions of Dollars) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 121,745.7 | 127,789.0 | 135,812.0 | 142,723.2 | 145,622.9 | 147,468.7 | 152,374.1 | 161,435.5 | 176,029.5 | 190,261.8 | 199,511.0 | 202,381.6 | 196,546.7 | 201,805.3 | 214,259.4 | 224,021.6 | 232,476.2 | 244,694.0 | 255,011.4 | 264,187.7 | 276,186.9 | 288,713.7 | 300,602.3 | 315,620.2 | 330,119.5 | 344,223.7 | 358,369.7 | 372,868.0 | 387,700.8 | 402,958.3 | 418,613.8 | 434,769.4 | 451,582.0 | 469,832.8 | 490,123.8 | 511,840.9 | 534,273.9 | 557,716.0 | 581,597.1 | 606,561.9 | 632,918.2 | 660,600.8 | 689,717.5 | 720,208.2 | 752,815.6 | 787,338.1 | 823,444.7 | 861,529.9 | 902,189.4 | 945,215.7 |
Source: Fall 2019 Forecast. Glenn Hegar, Texas Comptroller of Public Accounts.