Colorado income growth exceeded US average in 2011

The US Bureau of Economic Analysis released the 2011 state income report today. Colorado’s inflation-adjusted real gross domestic product (real GDP) was up 1.9 percent from the previous year, higher than the US gain of 1.5 percent.

In the Rocky Mountain region, Colorado’s growth trailed only Utah. and substantially outpaced Wyoming.

Decomposing Colorado’s growth by industry shows the driving sectors were Information (0.47 percentage points), Professional, Scientific and Technical Services (0.41 percentage points), and Durable Goods Manufacturing (0.38 percentage points). Together these three sectors accounted for more than two thirds of the net change in state real GDP.

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