GDP
Colorado's GDP reached about $493 billion in 2023, ranking 16th among U.S. states, powered by aerospace, technology and outdoor recreation industries.
Real GDP (chained 2017 dollars)
1997–2025BEA, chained 2017 dollars (FRED CORGSP).
| Indicator | Colorado | U.S. |
|---|---|---|
| GDP (USD B) | 493 | 27700 |
- •Lockheed Martin's Space Systems division and U.S. Space Command headquarters are based in Colorado.
- •Colorado has the highest concentration of aerospace workers per capita in the U.S.
GDP Growth
Colorado's real GDP grew about 3.4% in 2023, outpacing the national average, driven by technology, aerospace and tourism spending.
Real GDP growth
1998–2025Annual % change in BEA real GDP (CORGSP).
| Indicator | Colorado | U.S. |
|---|---|---|
| GDP growth (%) | 3.4 | 2.9 |
Personal Income
Colorado's total personal income surpassed $400 billion in 2023, reflecting strong wage growth in technology, aerospace and finance.
Per capita personal income
1970–2025BEA, current dollars (FRED COPCPI).
| Indicator | Colorado | U.S. |
|---|---|---|
| Personal income (USD B) | 400 | 23000 |
Median Household Income
Colorado's median household income is $92,900, ranking 9th nationally, buoyed by high-paying tech and aerospace jobs along the Front Range.
Median household income (CPS)
1984–2025Census CPS ASEC, current dollars (FRED MEHOINUSCOA646N).
| Indicator | Colorado | U.S. |
|---|---|---|
| Median household income (USD) | 92900 | 77719 |
Poverty Rate
About 9.7% of Coloradans live below the poverty line, below the national average, reflecting a high-wage, high-education workforce.
Poverty rate, all ages (SAIPE)
1989–2024Census Small Area Income and Poverty Estimates (FRED PPAACO08000A156NCEN).
| Indicator | Colorado | U.S. |
|---|---|---|
| Poverty rate (%) | 9.7 | 12.5 |
Inflation
Consumer prices in the Denver metro rose about 3.0% year-over-year in 2023, close to the national inflation rate.
CPI inflation, U.S.
2007–2024BLS CPI-U U.S. city average, annual average change (CPIAUCNS).
| Indicator | Colorado | U.S. |
|---|---|---|
| Inflation rate (%) | 3 | 3.4 |
Economic Output
Colorado's GDP per capita is about $83,900, among the highest in the Mountain West, reflecting a high-value technology and aerospace base.
Nominal GDP (current dollars)
1997–2025BEA, current dollars (FRED CONGSP).
| Indicator | Colorado | U.S. |
|---|---|---|
| GDP per capita (USD) | 83900 | 82700 |
Industry Breakdown
Colorado's economy is led by aerospace and defense, technology and telecom along the Front Range, agriculture on the Eastern Plains, energy production, and outdoor recreation and tourism.
Government jobs
1990–2025BLS Current Employment Statistics, annual average (FRED COGOVT).
Manufacturing jobs
1990–2025BLS Current Employment Statistics, annual average (FRED COMFG).
Construction jobs
1990–2025BLS Current Employment Statistics, annual average (FRED COCONS).
| Indicator | Colorado | U.S. |
|---|---|---|
| Tourism spending (USD B) | 28 | 1200 |