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Texas Economy Detail
2018-19 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 319,543.6 | 319,543.6 | 319,543.6 | 319,543.6 | 319,543.6 | 319,543.6 | 319,543.6 | 319,543.6 | 319,543.6 | 319,543.6 | 319,543.6 | 319,543.6 | 319,543.6 | 319,543.6 | 319,543.6 | 319,543.6 | 319,543.6 | 319,543.6 | 319,543.6 | 319,543.6 | 319,543.6 | 319,543.6 | 319,543.6 | 319,543.6 | 319,543.6 | 319,543.6 | 319,543.6 | 319,543.6 | 319,543.6 |
| 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 | 1,562.8 | 1,722.1 | 1,841.7 | 1,939.2 | 2,014.5 | 2,077.6 | 2,115.5 | 2,148.2 | 2,172.6 | 2,196.9 | 2,204.4 | 2,214.5 | 2,213.9 | 2,211.0 | 2,194.7 | 2,182.8 | 2,169.1 | 2,159.2 | 2,135.0 | 2,114.1 | 2,090.0 | 2,068.1 | 2,030.8 | 1,994.8 | 1,953.7 | 1,912.4 | 1,854.4 | 1,795.1 |
| 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 | 9,802.1 | 10,151.0 | 10,585.7 | 10,883.2 | 11,083.7 | 11,358.9 | 11,358.6 | 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) | $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 | $64.43 | $48.00 | $50.00 | $56.00 | $56.00 | $56.00 | $55.00 | $57.00 | $63.00 | $71.00 | $78.00 | $83.00 | $85.00 | $87.00 | $88.00 | $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 | $1.95 | $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 | $2.75 | $2.90 | $3.00 | $3.15 | $3.40 | $3.55 | $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 | 349 | 322 | 251 | 268 | 274 | 251 | 283 | 358 | 302 | 226 | 343 | 462 | 338 | 449 | 506 | 614 | 746 | 834 | 898 | 432 | 659 | 838 | 899 | 835 | 882 | 430 | 236 | 430 | 520 | 524 | 494 | 473 | 461 | 455 | 454 | 465 | 502 | 557 | 615 | 656 | 680 | 693 | 700 | 704 | 706 | 707 | 708 | 708 | 709 | 709 | 709 | 709 | 709 | 709 | 709 | 710 | 710 |
| 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 | 139.0 | 156.7 | 169.6 | 163.1 | 167.0 | 176.2 | 203.4 | 215.8 | 215.8 | 214.5 | 213.4 | 213.5 | 217.4 | 215.5 | 211.1 | 209.1 | 210.7 | 215.8 | 219.4 | 214.6 | 216.1 | 222.1 | 226.7 | 227.2 | 228.8 | 230.0 | 229.7 | 232.6 | 235.7 | 237.7 | 241.9 | 247.0 | 252.2 | 256.7 |
| 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 | 101.5 | 108.6 | 110.3 | 117.7 | 125.7 | 135.8 | 143.5 | 143.3 | 141.9 | 142.0 | 142.9 | 146.5 | 145.8 | 142.9 | 141.3 | 143.9 | 149.5 | 152.2 | 148.3 | 150.4 | 155.8 | 160.3 | 160.6 | 161.4 | 161.7 | 160.7 | 162.7 | 164.3 | 164.8 | 167.5 | 171.4 | 175.7 | 179.4 |
| 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 | 14.7 | 27.9 | 42.1 | 49.4 | 55.2 | 61.0 | 52.8 | 49.2 | 50.6 | 67.6 | 72.4 | 72.4 | 72.5 | 71.3 | 70.6 | 70.9 | 69.7 | 68.1 | 67.8 | 66.8 | 66.3 | 67.2 | 66.3 | 65.7 | 66.2 | 66.4 | 66.6 | 67.3 | 68.3 | 69.0 | 69.9 | 71.4 | 73.0 | 74.4 | 75.6 | 76.5 | 77.3 |
| 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 | 1,572.4 | 1,585.9 | 1,549.1 | 1,539.7 | 1,516.3 | 1,533.2 | 1,534.9 | 1,623.7 | 1,734.1 | 1,743.0 | 1,702.4 | 1,701.5 | 1,703.0 | 1,683.9 | 1,703.6 | 1,720.1 | 1,718.4 | 1,728.6 | 1,738.0 | 1,753.2 | 1,774.4 | 1,790.7 | 1,801.0 | 1,809.2 | 1,815.0 | 1,820.4 | 1,824.4 | 1,822.1 | 1,830.0 | 1,845.7 | 1,853.7 | 1,866.0 | 1,877.7 |
| 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 | 663.0 | 630.4 | 571.4 | 509.2 | 467.5 | 520.7 | 504.3 | 513.8 | 535.2 | 546.6 | 538.0 | 531.9 | 532.1 | 523.6 | 528.8 | 530.5 | 526.2 | 528.6 | 527.4 | 528.1 | 531.4 | 529.9 | 529.6 | 530.7 | 531.4 | 531.8 | 531.8 | 530.2 | 528.8 | 528.3 | 525.7 | 523.5 | 520.9 |
| 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 | 909.3 | 955.5 | 977.7 | 1,030.6 | 1,048.8 | 1,012.5 | 1,030.6 | 1,109.9 | 1,198.8 | 1,196.5 | 1,164.4 | 1,169.6 | 1,170.9 | 1,160.3 | 1,174.8 | 1,189.6 | 1,192.2 | 1,200.0 | 1,210.6 | 1,225.1 | 1,243.0 | 1,260.8 | 1,271.4 | 1,278.5 | 1,283.6 | 1,288.6 | 1,292.6 | 1,291.9 | 1,301.2 | 1,317.4 | 1,328.0 | 1,342.5 | 1,356.8 |
| 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 | 127,787.1 | 135,812.2 | 142,722.9 | 145,622.5 | 147,468.7 | 152,374.7 | 161,434.9 | 176,030.0 | 190,262.1 | 199,511.0 | 202,380.0 | 196,547.6 | 201,805.1 | 214,258.8 | 224,021.6 | 232,476.8 | 244,695.2 | 255,012.0 | 264,187.7 | 276,040.7 | 290,002.7 | 307,024.0 | 322,319.0 | 338,596.8 | 355,080.4 | 372,085.4 | 388,808.9 | 405,058.4 | 422,110.2 | 439,699.7 | 457,904.8 | 477,667.6 | 497,966.7 | 518,869.1 | 540,901.7 | 564,563.2 | 589,488.1 | 614,602.9 | 640,405.2 | 667,331.7 | 695,430.8 | 724,856.9 | 755,766.7 | 788,254.1 | 823,036.8 | 859,286.2 | 896,764.5 | 935,082.7 | 975,401.9 |
Source: Fall 2018 Forecast. Glenn Hegar, Texas Comptroller of Public Accounts.