11/26/2024
Overview of the Colorado Economy: Then think about your very own GDP!!!
In 2022, the state of Colorado has a population of 5,849,409, having grown an annualized 0.8% over the five years to 2022, which ranks it 15th out of all 50 US states by growth rate. Colorado's gross state product (GSP) in 2022 reached $371.3b, with growth of 2.4% over the 5 years to 2022. Businesses in Colorado employed a total of 3,382,577 people in 2022, with average annual employment growth over the past five years of 1.4%. The top three sectors by total employment are Real Estate and Rental and Leasing, Professional, Scientific and Technical Services, Information, while the unemployment rate across the state in 2022 was 3.5%.
What is Colorado's Gross Domestic Product (GDP)?
In 2022, Colorado's GDP reached $371.3b, representing an increase of 2.4% from 2021. Colorado's GDP has grown at an annualized rate of 1.5% over the five years to 2022. Moreover, Colorado's trailing five-year GDP growth ranks it 8th out of all 50 US states.
State GDP, or Gross State Product, is a measurement of a state's output, or the sum of value added from all industries in the state. It is a common indicator used to track the health of a state's economy.
WHERE ARE THE BLACK DOLLARS AT BLACK PEOPLE?
