2019 Texas Economy

REAL ESTATE CENTER Texas A&M (Luis Torres, Wesley Miller, Paige Silva, and Griffin Carter) – Feb 14, 2020

Texas Population grew by 367,215 or 1.3% compared to 0.5% for the rest of the nation. Texas was 1st in the country in terms of absolute change.

Texas Non-Farm Employment added 309,700 jobs exceeding national groth by a full % point at 2.5%.

Center predicts decelerating job growth due to a slower national and world wide economy and a stagnant energy sector.

Texas commodity exports improved 5.5% after adjusting for inflation, setting new annual record and accounting for a fifth of the nation’s exports for the 1st time in series history.

West Texas Intermediate crude oil spot price dropped $8 from 2018 to just shy of $57 per barrel due to increased worldwide oil production and US-China tariff tensions.

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