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

The Colorado economy is the 20th largest in the United States, behind Arizona and ahead of Wisconsin.

Real estate

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.

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Colorado economic output
Downtown Denver, Colorado flickr/kla4067