The Five‑Year Outlook for the Texas Economy | The Perryman Group

The Perryman Report & Texas Letter

The Five‑Year Outlook for the Texas Economy

Published on May 15, 2024 (Vol. 41, No. 02)

Perryman Report & Texas Letter offers concise coverage of important trends and events affecting the economy, including highlights from our short-term and long-term economic forecasts for the US, Texas, and cities and regions within Texas. It is published 10 times a year and available as an annual subscription (with access to back-issues) for $150.00.

More information regarding what is included, as well as a link to purchase a subscription, is available here. If you are currently subscribed, you should log in to view the full newsletter as a PDF. If you have any questions, please feel free to contact us.


Texas Economic Forecast

The Texas economy has been setting the pace for economic performance. Although there are challenges on the horizon, The Perryman Group's latest forecasts call for expansion over the next five years. Highlights of key drivers affecting the outlook are summarized in this issue.

The West Texas Region

The West Texas Region is comprised of the Midland, Odessa, and San Angelo metropolitan statistical areas (MSAs) along with 30 counties. The area's population is approximately 679,460 people and represents 2.16% of the state's population.

Economic Development News

Communities throughout Texas continue to attract economic development projects. Turn to this section to read more about some of these newsworthy business announcements.

Focus On: Real Gross Product

A breakdown of real gross product by MSA provides a quick look at the forecast for 2023 to 2028. See page 7 to get a snapshot of the anticipated growth.