Colorado Manufacturing Facts
Manufacturers in Colorado account for 6.82% of the total output in the state, employing 5.41% of the workforce. Total output from manufacturing was $25.15 billion in 2018. In addition, there were an average of 148,000 manufacturing employees in Colorado in 2018, with an average annual compensation of $76,828.66 in 2017.
Employment and Compensation
Sources: U.S. Bureau of Economic Analysis and the U.S. Census Bureau
Colorado Export Facts
Manufacturers help to drive Colorado’s economy, with $7.75 billion in manufactured goods exports in 2018. That same year, $3.48 billion in exports was with our free trade agreement (FTA) partners. This helps create jobs in the state, and 24.00% of its employment stemmed from exports in 2011. Small businesses comprised 87.00% percent of all exporters in Colorado.
Sources: International Trade Administration, U.S. Census Bureau
Additional Trade Facts
- The 20 U.S. FTA partners purchased nearly 49 percent ($679.46 billion) of U.S. manufactured goods exports in 2018 – even though these countries represent only six percent of the world’s population and 10 percent of GDP.
- FTA countries: Australia, Bahrain, Canada, Chile, Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Israel, Jordan, Mexico, Morocco, Nicaragua, Oman, Panama, Peru, Singapore and South Korea.