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Fall 2019 Economic Forecast

Nominal Gross State Product Detail
Fiscal Years 1991-2046

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Gross State Product by Industry in Billions of Dollars
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
Total Gross State Product (Current Dollars) 398.6 420.1 450.0 479.1 509.2 546.4 598.0 637.9 669.4 726.5 768.0 781.9 814.3 887.7 963.0 1,063.4 1,152.9 1,238.3 1,171.0 1,216.4 1,306.7 1,390.4 1,482.2 1,553.3 1,571.7 1,556.8 1,628.8 1,745.0 1,839.7 1,932.8 2,037.5 2,140.0 2,243.4 2,353.1 2,475.2 2,604.4 2,735.1 2,878.8 3,033.4 3,196.4 3,363.5 3,534.2 3,707.9 3,887.2 4,072.0 4,265.1 4,465.7 4,676.8 4,898.2 5,133.6 5,381.1 5,642.8 5,917.5 6,209.9 6,519.8 6,848.1
Goods 118.5 120.4 126.2 134.3 142.9 154.8 169.5 171.7 169.9 188.1 205.0 201.4 214.7 258.5 291.7 339.6 378.1 419.5 342.6 354.5 401.9 429.2 478.2 493.5 438.5 385.5 413.8 470.0 503.9 540.7 575.9 608.8 639.3 666.2 700.9 739.4 774.8 811.5 851.5 897.8 946.8 993.6 1,041.2 1,088.8 1,137.3 1,187.1 1,238.9 1,292.6 1,347.8 1,405.8 1,469.7 1,536.5 1,607.9 1,682.6 1,762.3 1,845.1
Agriculture 5.4 5.6 5.2 5.6 5.3 6.4 6.7 6.0 6.3 6.3 6.2 6.8 7.9 9.5 8.6 7.4 7.4 7.1 5.6 8.2 8.7 8.5 9.9 10.4 11.7 9.7 9.0 9.0 9.3 9.8 10.2 10.6 11.0 11.3 11.6 11.9 12.2 12.5 12.8 13.1 13.4 13.6 13.9 14.0 14.3 14.5 14.8 15.0 15.2 15.5 15.7 16.0 16.2 16.4 16.6 16.9
Mining (Oil and Gas) 27.2 26.4 26.6 27.7 27.3 31.3 36.4 29.8 28.7 40.0 51.7 47.2 58.2 70.9 89.9 115.7 128.4 178.0 121.7 119.8 138.7 155.1 178.7 200.9 137.6 91.0 110.3 142.2 155.8 174.8 191.7 205.6 214.9 218.8 230.2 244.4 255.2 265.3 275.8 292.0 308.6 321.7 335.8 348.0 359.8 371.9 385.0 397.8 409.5 421.1 434.6 449.7 467.4 484.8 504.8 525.2
Construction 15.8 16.6 17.7 19.5 21.4 23.9 25.4 29.0 33.0 37.4 40.9 42.2 43.5 43.7 47.4 55.0 63.0 64.9 62.0 56.0 56.2 61.8 67.2 73.2 80.3 84.4 87.0 92.3 98.4 102.9 107.0 111.7 117.4 123.6 130.4 137.6 145.3 153.9 163.4 173.1 182.8 192.7 202.4 212.5 222.8 233.3 243.9 254.9 266.6 279.5 294.0 309.7 326.1 343.6 362.3 382.0
Manufacturing 70.0 71.9 76.7 81.5 88.9 93.2 101.0 106.9 101.8 104.4 106.2 105.3 105.1 134.4 145.8 161.6 179.4 169.5 153.3 170.5 198.2 203.8 222.4 209.1 208.8 200.4 207.5 226.5 240.5 253.1 267.0 280.9 296.1 312.4 328.7 345.4 362.1 379.7 399.4 419.6 442.0 465.6 489.2 514.3 540.4 567.4 595.2 624.9 656.4 689.8 725.4 761.1 798.3 837.8 878.6 921.1
Services 280.1 299.7 323.8 344.8 366.4 391.6 428.4 466.2 499.5 538.4 563.0 580.5 599.6 629.3 671.3 723.8 774.8 818.7 828.4 861.9 904.8 961.3 1,004.0 1,059.8 1,133.2 1,171.3 1,215.0 1,275.0 1,335.8 1,392.1 1,461.6 1,531.2 1,604.0 1,687.0 1,774.2 1,865.0 1,960.2 2,067.3 2,182.0 2,298.6 2,416.8 2,540.6 2,666.7 2,798.3 2,934.7 3,078.0 3,226.8 3,384.2 3,550.5 3,727.8 3,911.5 4,106.2 4,309.6 4,527.3 4,757.5 5,002.9
Trade, Transportation, and Utilities 78.6 83.0 89.5 97.4 103.7 109.9 118.6 130.0 140.0 150.5 157.7 153.3 155.4 166.5 178.7 196.9 206.0 214.7 214.2 224.6 240.0 262.0 273.5 285.2 304.7 307.5 312.7 332.8 355.3 371.3 389.0 408.0 429.2 452.9 477.4 503.1 530.6 559.8 590.6 621.4 652.2 683.5 715.3 748.8 783.6 820.3 858.0 897.4 939.7 983.4 1,028.7 1,076.1 1,125.8 1,178.9 1,234.1 1,291.5
Wholesale 25.1 26.3 28.3 30.9 32.6 35.6 39.9 45.0 48.2 53.7 52.4 50.8 51.3 57.8 66.2 72.5 79.8 86.4 85.7 91.3 99.4 113.4 121.1 125.7 133.5 132.4 133.3 142.9 157.7 168.8 180.3 192.1 205.0 219.5 234.5 249.9 266.3 283.4 301.3 319.6 338.3 357.4 377.2 398.3 420.7 444.7 469.2 494.7 522.5 551.1 580.4 611.4 644.0 678.9 715.5 754.1
Retail 26.5 28.1 30.8 33.6 36.1 38.4 40.7 44.6 47.6 49.9 52.1 54.4 55.5 56.6 59.1 64.0 64.7 64.7 65.2 67.2 68.9 73.8 78.6 82.3 88.5 91.0 92.3 97.1 100.0 103.0 106.8 110.8 115.5 120.9 126.4 132.2 138.6 145.8 153.4 161.0 168.7 176.6 184.9 193.7 202.7 211.9 221.5 231.6 242.2 253.5 265.5 278.1 291.2 305.2 319.7 334.0
Transportation and Utilties 27.0 28.6 30.5 32.9 35.0 35.9 38.0 40.5 44.2 46.9 53.2 48.1 48.6 52.1 53.4 60.5 61.5 63.6 63.3 66.0 71.8 74.8 73.8 77.2 82.7 84.1 87.0 92.8 97.7 99.6 102.0 105.1 108.7 112.5 116.5 121.1 125.6 130.6 135.9 140.7 145.2 149.4 153.2 156.7 160.2 163.7 167.3 171.1 174.9 178.8 182.7 186.6 190.6 194.8 199.0 203.3
Information 16.8 17.8 19.7 21.3 23.1 25.3 27.5 30.6 33.0 34.0 34.3 36.4 37.3 40.0 41.4 42.5 49.7 54.0 50.3 50.5 50.7 49.7 52.5 53.1 56.7 59.6 62.0 64.0 67.7 71.3 77.5 82.4 87.3 93.6 99.8 106.5 113.5 120.8 128.3 135.0 144.8 157.6 171.1 184.4 198.3 214.2 231.3 250.1 270.7 293.8 318.9 345.5 373.6 404.0 437.7 475.3
Financial Activities 57.3 62.3 66.6 70.1 74.9 79.9 88.7 97.6 105.2 113.3 116.1 120.1 124.2 125.8 137.4 145.8 155.4 159.3 156.8 164.9 175.3 190.0 198.6 217.1 230.8 244.7 259.2 270.1 281.1 291.0 303.1 315.0 327.2 341.5 356.4 371.5 386.7 405.2 425.5 446.7 468.5 489.8 511.6 535.3 560.6 587.3 614.6 642.9 671.9 701.6 733.8 767.2 802.2 839.4 878.6 919.9
Professional and Business Services 30.3 32.7 35.4 37.3 39.9 45.1 52.2 58.7 63.2 69.3 76.1 78.3 79.8 85.9 94.1 104.8 115.5 128.0 127.0 128.8 138.2 148.7 155.2 166.2 179.5 183.6 191.5 206.4 219.2 233.1 250.3 265.4 279.7 295.9 314.9 335.9 358.2 383.7 411.5 440.6 470.1 500.4 531.2 563.2 596.0 630.0 665.7 703.8 743.2 785.6 830.2 877.6 927.4 980.5 1,036.1 1,096.1
Educational and Health Services 23.6 25.4 27.9 29.8 31.4 33.5 36.9 38.7 40.6 43.2 46.7 51.6 54.3 57.5 58.9 62.6 66.0 71.3 79.3 84.5 88.4 91.4 95.0 98.3 105.5 111.2 116.3 120.3 124.2 129.1 135.0 142.3 150.0 158.9 168.1 177.1 186.5 197.5 208.6 219.4 230.6 242.1 253.9 266.3 278.5 290.7 303.3 317.0 332.1 348.6 366.1 383.9 402.7 423.2 445.0 468.6
Leisure and Hospitality 12.9 13.7 14.6 15.2 16.0 17.0 19.2 21.1 23.2 25.9 26.4 27.5 28.9 30.2 31.0 34.0 35.9 37.2 37.7 38.5 40.1 42.6 45.0 49.2 55.3 57.8 59.8 62.3 64.5 66.4 68.5 70.8 73.5 76.1 78.7 81.1 83.9 87.3 91.1 94.8 98.6 102.4 106.2 109.9 113.7 117.6 121.7 126.1 130.7 135.5 140.5 145.6 150.7 156.1 161.8 167.3
Other Services 9.9 10.6 11.6 12.5 13.3 14.1 15.5 17.3 18.5 20.0 19.1 19.8 20.1 20.5 21.5 23.0 24.2 24.4 25.0 25.1 25.7 27.1 28.6 30.5 32.5 32.7 33.5 35.3 36.4 36.6 37.3 38.4 39.7 41.2 42.7 44.1 45.6 47.3 49.1 50.8 52.4 54.1 55.7 57.3 59.0 60.7 62.4 64.2 66.2 68.2 70.3 72.5 74.8 77.1 79.6 82.1
Government 50.7 54.2 58.4 61.2 64.0 66.8 69.9 72.3 75.8 82.0 86.6 93.4 99.5 103.0 108.2 114.2 122.0 129.8 138.0 145.0 146.4 149.7 155.6 160.2 168.1 174.1 180.0 183.8 187.4 193.3 200.7 208.8 217.4 226.8 236.2 245.7 255.3 265.8 277.3 290.0 299.5 310.7 321.7 333.1 345.0 357.2 369.7 382.7 395.9 411.1 423.0 437.8 452.5 468.1 484.6 502.1
Total Gross State Product (2012 Dollars) 641.9 664.5 698.8 730.9 764.2 799.0 857.0 915.9 955.8 992.8 1,016.9 1,038.5 1,041.2 1,091.5 1,125.3 1,186.2 1,261.3 1,276.0 1,274.4 1,292.7 1,329.7 1,394.6 1,459.9 1,497.3 1,577.5 1,593.1 1,614.3 1,659.5 1,732.4 1,777.9 1,822.4 1,865.2 1,909.6 1,960.5 2,015.2 2,071.1 2,128.0 2,191.2 2,257.2 2,323.1 2,387.4 2,450.9 2,511.3 2,573.1 2,635.5 2,698.5 2,764.1 2,833.2 2,905.8 2,982.6 3,060.3 3,140.3 3,222.3 3,308.3 3,397.9 3,491.6

Source: Fall 2019 Forecast. Glenn Hegar, Texas Comptroller of Public Accounts.