Colorado GDP size and rank
With an economic output of close to a quarter of a trillion dollars, the Colorado economy has been growing at a fairly steady pace in the new millennium.
Colorado economic development and output
The economic output of the state of Colorado was $249 billion in 2008. That figure is based on current 2008 dollars (nominal GDP), while the inflation adjusted GDP, real GDP, based on prices in the year 2000, was $203 billion in 2008, according to data from the U.S. Department of Commerce.
The statistics for economic growth show Colorado GDP grew at 5.4% in nominal terms in 2008 compared to 2007, in real terms the growth was 2.9%.
During the years of 2000-2008, Colorado GDP grew at an annual rate of 4.72% in nominal terms and in real terms the economy grew by 2.1%.
Colorado economy rank
Real estate led all sectors in the state's economy. Real estate contributed $32 billion in economic development in 2008, that's nearly 13% of the total economic output of Colorado.
Coming in a close second adding $31 billion, the government sector was responsible for 12% of the Colorado economy in 2008. The government sector has grown by more than 6% year over year in Colorado since 2000.
Professional and technical, information, manufacturing
Professional and technical services accounted for nearly 10% of the economic output with a contribution of $24 billion. This sector has also grown more than 6% annually since the year 2000.
Ranking fourth and fifth biggest sectors in the state were information $21 billion and manufacturing $16 billion, respectively.