| La Plata County vs. Colorado Comparative Trends Report: Total Industry Earnings, 1969-2022 Briefing Report Outline: 1. | Introduction | 2. | Line Graph - La Plata County Total Industry Earnings, 1970-2022, Current vs. Constant Dollars | 3. | Line Graph - La Plata County and Colorado Real Total Industry Earnings, 1969-2022 | 4. | Line Graph - Real Total Industry Earnings Indices: La Plata County, Colorado and United States, 1969-2022 | 5. | Line Graph - Total Industry Earnings as a Percent of the Colorado Total: La Plata County, 1969-2022 | 6. | Line Graph - La Plata County Real Total Industry Earnings: Annual Percent Change, 1970-2022 | 7. | Line Graph - La Plata County Real Total Industry Earnings: Annual Percent Change and Decade Averages Over 1970-2022 | 8. | Bar Chart - Real Total Industry Earnings Growth: Average Annual Percent Change By Decade | 9. | Table - La Plata County: Total Industry Earnings, 1969-2022 | 10. | Table - Colorado: Total Industry Earnings, 1969-2022 | 11. | Table - United States: Total Industry Earnings, 1969-2022 |
Introduction La Plata County: 2022 Earnings = $2,356,786K 2022 Percent of State = 0.75% Colorado: 2022 Earnings = $314,516,590K 2022 Percent of U.S. = 2.07% Industry earnings are incomes received by people who are directly involved with producing goods and services. Earnings, referred to also as "labor and proprietors income", include (1) wage and salary disbursements, (2) other labor income such as employer contributions to private retirement and medical insurance programs, and (3) the net incomes of proprietors (i.e., the owners of unincorporated enterprises). In contrast to the more frequently cited employment data, earnings data more accurately reflect qualitative differences in labor's contributions toward the production of goods and services, namely the productivity differences reflected in variations in earnings per job. Earnings data, therefore, are better for comparing and tracking long-term trends and identifying short-run shifts in the level and composition of economic activity within and among counties. Just like the employment data compiled by BEA, earnings data are reported on a place-of-work, or more accurately on a place-where-earned, basis. Note: the BEA earnings data presented and discussed here in the context of comparing and assessing the economic growth and performance of county and regional economies are entirely separate and apart from--and should not be confused with--corporate earnings, which are compiled from the balance sheets of individual private corporations. Figure 1. Figure 1 depicts La Plata County's annual total industry earnings over 1970-2022 in current and constant (2017) dollars. Constant dollar measurements remove the effects of inflation. They allow for comparison of changes in the real purchasing power of La Plata County over time. When measured in current dollars, La Plata County's total industry earnings increased 5,481.10%, from $42M in 1970 to $2,357M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 850.65%, from $214M in 1970 to $2,031M in 2022. Figure 2. Figure 2 traces La Plata County's and Colorado's annual real total industry earnings for the period 1969-2022 to illustrate real total industry earnings patterns over time. During this 54-year period, La Plata County's real total industry earnings rose from $205M in 1969 to $2,031M in 2022, for a net gain of $1,826M, or 891.97%. In comparison, Colorado's real total industry earnings increased from $35,511M in 1969 to $271,035M in 2022, for a net advance of $235,523M, or 663.23%. Figure 3. Figure 3 portrays La Plata County's real total industry earnings growth in a broader context by offering direct comparisons across time with Colorado, the United States. The growth indices shown here express each region's real total industry earnings in 1969 as a base figure of 100, and the real total industry earningss in later years as a percentage of the 1969 base figure. This method allows for more direct comparison of differences in real total industry earnings growth between regions that may differ vastly in size. La Plata County's overall real total industry earnings growth was 891.97% over 1969-2022 outpaced Colorado's increase of 663.23%, and topped the United States' increase of 278.59%. Figure 4. Another interesting and insightful way of comparing the total industry earnings growth of La Plata County is to compare its individual percentage contributions to Colorado's statewide total industry earnings over time, as shown in Figure 4. A rising share means a region's total industry earnings grew faster, or declined less, than Colorado's total industry earnings, while a declining share shows it grew more slowly. In 1969, La Plata County's total industry earnings comprised 0.58% of Colorado's total industry earnings, while in 2022 it totaled 0.75% thereby yielding a +0.17% share-shift. | | | | Total Industry Earnings Share-Shift 2022 vs. 1969 | Share- Shift* | | 2022 | vs. | 1969 | | +0.17% | = | 0.75% | - | 0.58% |
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Figure 5. Figure 5 highlights the short-run pattern of La Plata County's real total industry earnings growth by tracking the year-to-year percent change over 1970-2022. The average annual percent change for the entire 53-year period is also traced on this chart to provide a benchmark for gauging periods of relative high--and relative low--growth against the backdrop of the long-term average. On average, La Plata County's real total industry earnings grew at an annual rate of 4.52% over 1970-2022. The county posted its highest growth in 2013 (19.56%) and recorded its lowest growth in 2011 (-5.47%). In 2022, La Plata County's real total industry earnings grew by 2.03% Figure 6. Over the past five decades some counties have experienced extreme swings in growth, and often such swings have tended to coincide with the decades themselves. Figure 6 again shows the annual percent change in La Plata County's real total industry earnings since 1970, but this time they are overlayed with average growth rates for the decade of the 1970s, 1980s, 1990s, 2000s, 2010s, and 2020-2022. During the 1970s, La Plata County's annual real total industry earnings growth rate averaged 7.39%. It averaged 2.64% during the 1980s, 7.36% throughout the 1990s, 4.53% during the 2000s, 1.31% throughout the 2010s, 2.42% thus far this decade (2020-2022). Figure 7. Figure 7 compares the decade average growth rates for La Plata County noted in the previous graph with the corresponding decade averages for Colorado and the nation. As the chart reveals, La Plata County's average annual real total industry earnings growth led Colorado's average throughout the 1970s (7.39% vs. 6.05%), exceeded Colorado's average during the 1980s (2.64% vs. 2.51%), exceeded Colorado's average in the 1990s (7.36% vs. 6.01%), topped Colorado's average during the 2000s (4.53% vs. 1.44%), trailed Colorado's average during the 2010s (1.31% vs. 3.91%), and recorded under Colorado's average over the 3 year period of the current decade, 2020-2022 (2.42% vs. 3.54%). Finally, relative to nationwide real total industry earnings growth trends, La Plata County registered above the nation during the 1970s (7.39% vs. 3.13%), recorded above the nation in the 1980s (2.64% vs. 2.62%), registered above the nation over the 1990s (7.36% vs. 3.43%), registered above the nation during the 2000s (4.53% vs. 1.47%), lagged the nation over the 2010s (1.31% vs. 2.53%), and led the nation over 2020-2022 (2.42% vs. 1.48%). | | | | Real* Total Industry Earnings Growth: Average Annual Percent Change | | | | | | | | | | | | | | | | | | | | | 4.52 | 7.39 | 2.64 | 7.36 | 4.53 | 1.31 | 2.42 | 2.03 | | | 3.96 | 6.05 | 2.51 | 6.01 | 1.44 | 3.91 | 3.54 | 2.88 | | | 2.57 | 3.13 | 2.62 | 3.43 | 1.47 | 2.53 | 1.48 | 0.05 |
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Tip: To augment your analysis click on the column headers in the following table to rank and/or sort the data. | | | | La Plata County: Total Industry Earnings, 1969-2022 | | | | | | | | | 1969 | | 38,661 | 0.189 | 204,740 | 100.0 | N | 0.58 | 1970 | | 42,228 | 0.198 | 213,640 | 104.3 | 4.35 | 0.57 | 1971 | | 47,935 | 0.206 | 232,638 | 113.6 | 8.89 | 0.57 | 1972 | | 54,975 | 0.213 | 258,002 | 126.0 | 10.90 | 0.57 | 1973 | | 62,883 | 0.225 | 280,040 | 136.8 | 8.54 | 0.57 | 1974 | | 71,321 | 0.248 | 287,666 | 140.5 | 2.72 | 0.58 | 1975 | | 82,382 | 0.269 | 306,709 | 149.8 | 6.62 | 0.62 | 1976 | | 96,740 | 0.283 | 341,439 | 166.8 | 11.32 | 0.65 | 1977 | | 109,290 | 0.302 | 362,175 | 176.9 | 6.07 | 0.66 | 1978 | | 128,555 | 0.323 | 398,299 | 194.5 | 9.97 | 0.66 | 1979 | | 146,333 | 0.351 | 416,393 | 203.4 | 4.54 | 0.65 | 1980 | | 161,059 | 0.389 | 413,736 | 202.1 | -0.64 | 0.64 | 1981 | | 181,524 | 0.424 | 427,971 | 209.0 | 3.44 | 0.63 | 1982 | | 194,101 | 0.448 | 433,542 | 211.8 | 1.30 | 0.62 | 1983 | | 207,403 | 0.467 | 444,346 | 217.0 | 2.49 | 0.62 | 1984 | | 230,897 | 0.484 | 476,676 | 232.8 | 7.28 | 0.63 | 1985 | | 244,198 | 0.501 | 487,149 | 237.9 | 2.20 | 0.63 | 1986 | | 255,005 | 0.512 | 497,872 | 243.2 | 2.20 | 0.64 | 1987 | | 265,467 | 0.528 | 502,759 | 245.6 | 0.98 | 0.64 | 1988 | | 290,933 | 0.549 | 530,271 | 259.0 | 5.47 | 0.66 | 1989 | | 308,875 | 0.573 | 539,416 | 263.5 | 1.72 | 0.66 | 1990 | | 347,325 | 0.598 | 581,054 | 283.8 | 7.72 | 0.70 | 1991 | | 384,421 | 0.618 | 622,302 | 303.9 | 7.10 | 0.72 | 1992 | | 435,696 | 0.634 | 687,001 | 335.5 | 10.40 | 0.75 | 1993 | | 482,498 | 0.650 | 742,305 | 362.6 | 8.05 | 0.76 | 1994 | | 548,769 | 0.664 | 827,007 | 403.9 | 11.41 | 0.81 | 1995 | | 591,392 | 0.678 | 872,852 | 426.3 | 5.54 | 0.81 | 1996 | | 640,141 | 0.692 | 925,019 | 451.8 | 5.98 | 0.82 | 1997 | | 688,293 | 0.704 | 977,592 | 477.5 | 5.68 | 0.81 | 1998 | | 745,080 | 0.710 | 1,049,896 | 512.8 | 7.40 | 0.78 | 1999 | | 788,286 | 0.720 | 1,094,826 | 534.7 | 4.28 | 0.75 | 2000 | | 875,364 | 0.738 | 1,185,777 | 579.2 | 8.31 | 0.75 | 2001 | | 905,856 | 0.753 | 1,202,964 | 587.6 | 1.45 | 0.74 | 2002 | | 963,203 | 0.763 | 1,262,538 | 616.7 | 4.95 | 0.78 | 2003 | | 1,025,095 | 0.779 | 1,316,013 | 642.8 | 4.24 | 0.82 | 2004 | | 1,137,494 | 0.798 | 1,424,949 | 696.0 | 8.28 | 0.88 | 2005 | | 1,234,960 | 0.821 | 1,503,720 | 734.5 | 5.53 | 0.90 | 2006 | | 1,362,316 | 0.844 | 1,613,354 | 788.0 | 7.29 | 0.93 | 2007 | | 1,470,810 | 0.866 | 1,698,258 | 829.5 | 5.26 | 0.96 | 2008 | | 1,546,381 | 0.892 | 1,734,194 | 847.0 | 2.12 | 0.99 | 2009 | | 1,509,334 | 0.889 | 1,697,388 | 829.0 | -2.12 | 1.02 | 2010 | | 1,520,575 | 0.905 | 1,679,933 | 820.5 | -1.03 | 1.00 | 2011 | | 1,473,714 | 0.928 | 1,587,985 | 775.6 | -5.47 | 0.92 | 2012 | | 1,594,247 | 0.945 | 1,686,427 | 823.7 | 6.20 | 0.94 | 2013 | | 1,931,168 | 0.958 | 2,016,233 | 984.8 | 19.56 | 1.05 | 2014 | | 1,992,132 | 0.971 | 2,051,186 | 1,001.9 | 1.73 | 1.01 | 2015 | | 1,972,855 | 0.973 | 2,027,621 | 990.3 | -1.15 | 0.97 | 2016 | | 1,940,675 | 0.983 | 1,974,558 | 964.4 | -2.62 | 0.95 | 2017 | | 1,872,423 | 1.000 | 1,872,423 | 914.5 | -5.17 | 0.85 | 2018 | | 1,934,815 | 1.020 | 1,896,004 | 926.1 | 1.26 | 0.82 | 2019 | | 1,958,388 | 1.035 | 1,891,925 | 924.1 | -0.22 | 0.77 | 2020 | | 1,975,103 | 1.046 | 1,887,612 | 922.0 | -0.23 | 0.76 | 2021 | | 2,169,668 | 1.090 | 1,990,503 | 972.2 | 5.45 | 0.76 | 2022 | | 2,356,786 | 1.160 | 2,030,959 | 992.0 | 2.03 | 0.75 |
Source: Calculations by the Colorado Regional Economic Analysis Project (CO-REAP) with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis November 2023 REAP_PI_CA1400_1200_PSN | | | | |
Tip: To augment your analysis click on the column headers in the following table to rank and/or sort the data. | | | | Colorado: Total Industry Earnings, 1969-2022 | | | | | | | | | 1969 | | 6,705,596 | 0.189 | 35,511,285 | 100.0 | N | 1.03 | 1970 | | 7,472,827 | 0.198 | 37,806,471 | 106.5 | 6.46 | 1.08 | 1971 | | 8,448,663 | 0.206 | 41,002,975 | 115.5 | 8.45 | 1.14 | 1972 | | 9,673,208 | 0.213 | 45,397,072 | 127.8 | 10.72 | 1.18 | 1973 | | 11,120,171 | 0.225 | 49,522,026 | 139.5 | 9.09 | 1.21 | 1974 | | 12,350,026 | 0.248 | 49,812,552 | 140.3 | 0.59 | 1.24 | 1975 | | 13,367,670 | 0.269 | 49,767,945 | 140.1 | -0.09 | 1.26 | 1976 | | 14,819,523 | 0.283 | 52,304,814 | 147.3 | 5.10 | 1.26 | 1977 | | 16,644,705 | 0.302 | 55,158,752 | 155.3 | 5.46 | 1.28 | 1978 | | 19,339,189 | 0.323 | 59,918,171 | 168.7 | 8.63 | 1.31 | 1979 | | 22,343,445 | 0.351 | 63,578,650 | 179.0 | 6.11 | 1.36 | 1980 | | 25,235,193 | 0.389 | 64,825,301 | 182.5 | 1.96 | 1.41 | 1981 | | 28,734,774 | 0.424 | 67,746,726 | 190.8 | 4.51 | 1.47 | 1982 | | 31,244,001 | 0.448 | 69,786,248 | 196.5 | 3.01 | 1.52 | 1983 | | 33,340,966 | 0.467 | 71,430,641 | 201.1 | 2.36 | 1.52 | 1984 | | 36,496,094 | 0.484 | 75,344,441 | 212.2 | 5.48 | 1.50 | 1985 | | 38,559,207 | 0.501 | 76,921,495 | 216.6 | 2.09 | 1.47 | 1986 | | 39,981,243 | 0.512 | 78,059,398 | 219.8 | 1.48 | 1.43 | 1987 | | 41,412,760 | 0.528 | 78,430,287 | 220.9 | 0.48 | 1.38 | 1988 | | 44,020,376 | 0.549 | 80,233,985 | 225.9 | 2.30 | 1.35 | 1989 | | 46,582,306 | 0.573 | 81,350,843 | 229.1 | 1.39 | 1.34 | 1990 | | 49,719,221 | 0.598 | 83,177,283 | 234.2 | 2.25 | 1.35 | 1991 | | 53,107,379 | 0.618 | 85,970,439 | 242.1 | 3.36 | 1.40 | 1992 | | 58,235,125 | 0.634 | 91,824,543 | 258.6 | 6.81 | 1.43 | 1993 | | 63,306,635 | 0.650 | 97,394,823 | 274.3 | 6.07 | 1.49 | 1994 | | 67,714,433 | 0.664 | 102,047,189 | 287.4 | 4.78 | 1.52 | 1995 | | 72,615,581 | 0.678 | 107,175,342 | 301.8 | 5.03 | 1.55 | 1996 | | 78,531,479 | 0.692 | 113,479,877 | 319.6 | 5.88 | 1.58 | 1997 | | 85,205,563 | 0.704 | 121,018,596 | 340.8 | 6.64 | 1.61 | 1998 | | 95,221,761 | 0.710 | 134,177,521 | 377.8 | 10.87 | 1.67 | 1999 | | 104,750,108 | 0.720 | 145,484,241 | 409.7 | 8.43 | 1.72 | 2000 | | 117,250,346 | 0.738 | 158,828,460 | 447.3 | 9.17 | 1.78 | 2001 | | 122,914,630 | 0.753 | 163,228,905 | 459.7 | 2.77 | 1.79 | 2002 | | 123,170,081 | 0.763 | 161,447,721 | 454.6 | -1.09 | 1.76 | 2003 | | 124,753,808 | 0.779 | 160,158,431 | 451.0 | -0.80 | 1.72 | 2004 | | 129,772,400 | 0.798 | 162,567,051 | 457.8 | 1.50 | 1.69 | 2005 | | 137,463,612 | 0.821 | 167,379,317 | 471.3 | 2.96 | 1.71 | 2006 | | 146,424,160 | 0.844 | 173,406,158 | 488.3 | 3.60 | 1.72 | 2007 | | 153,495,186 | 0.866 | 177,231,847 | 499.1 | 2.21 | 1.73 | 2008 | | 156,950,658 | 0.892 | 176,012,850 | 495.7 | -0.69 | 1.74 | 2009 | | 148,344,662 | 0.889 | 166,827,478 | 469.8 | -5.22 | 1.71 | 2010 | | 152,004,886 | 0.905 | 167,935,221 | 472.9 | 0.66 | 1.68 | 2011 | | 160,960,050 | 0.928 | 173,440,854 | 488.4 | 3.28 | 1.70 | 2012 | | 169,705,657 | 0.945 | 179,518,117 | 505.5 | 3.50 | 1.72 | 2013 | | 183,164,874 | 0.958 | 191,232,994 | 538.5 | 6.53 | 1.80 | 2014 | | 197,626,780 | 0.971 | 203,485,117 | 573.0 | 6.41 | 1.86 | 2015 | | 202,604,679 | 0.973 | 208,228,943 | 586.4 | 2.33 | 1.84 | 2016 | | 204,024,316 | 0.983 | 207,586,500 | 584.6 | -0.31 | 1.80 | 2017 | | 219,576,568 | 1.000 | 219,576,568 | 618.3 | 5.78 | 1.85 | 2018 | | 237,094,549 | 1.020 | 232,338,578 | 654.3 | 5.81 | 1.91 | 2019 | | 252,862,733 | 1.035 | 244,281,137 | 687.9 | 5.14 | 1.95 | 2020 | | 259,750,429 | 1.046 | 248,244,305 | 699.1 | 1.62 | 1.97 | 2021 | | 287,172,345 | 1.090 | 263,458,450 | 741.9 | 6.13 | 2.01 | 2022 | | 314,516,590 | 1.160 | 271,034,522 | 763.2 | 2.88 | 2.07 |
Source: Calculations by the Colorado Regional Economic Analysis Project (CO-REAP) with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis November 2023 REAP_PI_CA1400_1200_PSN | | | | |
Tip: To augment your analysis click on the column headers in the following table to rank and/or sort the data. | | | | United States: Total Industry Earnings, 1969-2022 | | | | | | | | 1969 | | 653,665,000 | 0.189 | 3,461,658,635 | 100.0 | N | 1970 | | 693,352,000 | 0.198 | 3,507,801,275 | 101.3 | 1.33 | 1971 | | 742,094,000 | 0.206 | 3,601,523,902 | 104.0 | 2.67 | 1972 | | 819,646,000 | 0.213 | 3,846,658,532 | 111.1 | 6.81 | 1973 | | 918,964,000 | 0.225 | 4,092,469,383 | 118.2 | 6.39 | 1974 | | 993,909,000 | 0.248 | 4,008,829,105 | 115.8 | -2.04 | 1975 | | 1,059,492,000 | 0.269 | 3,944,497,394 | 113.9 | -1.60 | 1976 | | 1,173,271,000 | 0.283 | 4,141,005,188 | 119.6 | 4.98 | 1977 | | 1,303,767,000 | 0.302 | 4,320,542,816 | 124.8 | 4.34 | 1978 | | 1,476,080,000 | 0.323 | 4,573,305,242 | 132.1 | 5.85 | 1979 | | 1,648,363,000 | 0.351 | 4,690,444,754 | 135.5 | 2.56 | 1980 | | 1,784,597,000 | 0.389 | 4,584,353,165 | 132.4 | -2.26 | 1981 | | 1,961,173,000 | 0.424 | 4,623,772,250 | 133.6 | 0.86 | 1982 | | 2,053,729,000 | 0.448 | 4,587,185,902 | 132.5 | -0.79 | 1983 | | 2,188,018,000 | 0.467 | 4,687,672,466 | 135.4 | 2.19 | 1984 | | 2,432,402,000 | 0.484 | 5,021,577,654 | 145.1 | 7.12 | 1985 | | 2,615,791,000 | 0.501 | 5,218,223,348 | 150.7 | 3.92 | 1986 | | 2,786,901,000 | 0.512 | 5,441,146,840 | 157.2 | 4.27 | 1987 | | 2,996,000,000 | 0.528 | 5,674,027,499 | 163.9 | 4.28 | 1988 | | 3,259,979,000 | 0.549 | 5,941,819,010 | 171.6 | 4.72 | 1989 | | 3,467,027,000 | 0.573 | 6,054,778,994 | 174.9 | 1.90 | 1990 | | 3,679,460,000 | 0.598 | 6,155,516,520 | 177.8 | 1.66 | 1991 | | 3,789,428,000 | 0.618 | 6,134,341,309 | 177.2 | -0.34 | 1992 | | 4,059,023,000 | 0.634 | 6,400,225,481 | 184.9 | 4.33 | 1993 | | 4,237,437,000 | 0.650 | 6,519,133,846 | 188.3 | 1.86 | 1994 | | 4,456,948,000 | 0.664 | 6,716,721,924 | 194.0 | 3.03 | 1995 | | 4,674,849,000 | 0.678 | 6,899,738,761 | 199.3 | 2.72 | 1996 | | 4,956,180,000 | 0.692 | 7,161,799,344 | 206.9 | 3.80 | 1997 | | 5,288,047,000 | 0.704 | 7,510,683,597 | 217.0 | 4.87 | 1998 | | 5,707,014,000 | 0.710 | 8,041,785,619 | 232.3 | 7.07 | 1999 | | 6,098,042,000 | 0.720 | 8,469,385,147 | 244.7 | 5.32 | 2000 | | 6,598,743,000 | 0.738 | 8,938,721,519 | 258.2 | 5.54 | 2001 | | 6,865,291,000 | 0.753 | 9,117,010,172 | 263.4 | 1.99 | 2002 | | 7,001,002,000 | 0.763 | 9,176,707,606 | 265.1 | 0.65 | 2003 | | 7,243,377,000 | 0.779 | 9,299,017,896 | 268.6 | 1.33 | 2004 | | 7,674,785,000 | 0.798 | 9,614,272,113 | 277.7 | 3.39 | 2005 | | 8,039,238,000 | 0.821 | 9,788,788,097 | 282.8 | 1.82 | 2006 | | 8,519,349,000 | 0.844 | 10,089,233,775 | 291.5 | 3.07 | 2007 | | 8,866,261,000 | 0.866 | 10,237,349,175 | 295.7 | 1.47 | 2008 | | 9,014,085,000 | 0.892 | 10,108,876,304 | 292.0 | -1.25 | 2009 | | 8,688,913,000 | 0.889 | 9,771,497,172 | 282.3 | -3.34 | 2010 | | 9,023,916,000 | 0.905 | 9,969,635,637 | 288.0 | 2.03 | 2011 | | 9,444,387,000 | 0.928 | 10,176,702,513 | 294.0 | 2.08 | 2012 | | 9,854,834,000 | 0.945 | 10,424,645,101 | 301.1 | 2.44 | 2013 | | 10,180,570,000 | 0.958 | 10,629,007,841 | 307.0 | 1.96 | 2014 | | 10,613,874,000 | 0.971 | 10,928,505,678 | 315.7 | 2.82 | 2015 | | 11,039,821,000 | 0.973 | 11,346,284,134 | 327.8 | 3.82 | 2016 | | 11,311,477,000 | 0.983 | 11,508,970,941 | 332.5 | 1.43 | 2017 | | 11,848,205,000 | 1.000 | 11,848,205,000 | 342.3 | 2.95 | 2018 | | 12,438,590,000 | 1.020 | 12,189,079,542 | 352.1 | 2.88 | 2019 | | 12,989,097,000 | 1.035 | 12,548,276,062 | 362.5 | 2.95 | 2020 | | 13,158,025,000 | 1.046 | 12,575,166,053 | 363.3 | 0.21 | 2021 | | 14,278,043,000 | 1.090 | 13,099,001,844 | 378.4 | 4.17 | 2022 | | 15,207,952,000 | 1.160 | 13,105,445,395 | 378.6 | 0.05 |
Source: Calculations by the Colorado Regional Economic Analysis Project (CO-REAP) with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis November 2023 REAP_PI_CA1400_1200_PN | | | | |
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