Manufacturing Output and Firms
Total Manufacturing Output ($billions, 2021)
$28.88
(Percent share of total gross state product)
6.58%
Manufacturing Firms in Colorado (2019)
4,917
Colorado Manufacturing Facts
Manufacturers in Colorado account for 6.58% of the total output in the state, employing 5.36% of the workforce. Total output from manufacturing was $28.88 billion in 2021. In addition, there were an average of 149,000 manufacturing employees in Colorado in December 2021, with an average annual compensation of $91,132.28 in 2021.
Employment and Compensation
Manufacturing Employment (December 2021)
149,000
(Percent share of nonfarm employment)
5.36%
Average Annual Compensation (Manufacturing, 2021)
$91,132.28
(Nonfarm Businesses, 2021)
$62,438.96
Sources: U.S. Bureau of Economic Analysis and the U.S. Census Bureau
Figure 1
[visualizer id=”689″]
Figure 2
[visualizer id=”691″]
Figure 3
[visualizer id=”693″]
Colorado Export Facts
Manufacturers help to drive the Colorado economy, with $8.60 billion in manufactured goods exports in 2021.
Manufacturing Exports
Manufactured Goods Exports ($billions, 2021)
$8.60
Top 5 Export Markets (total percentage 2021)
56.05%
Canada
17.56%
Mexico
15.41%
China
10.50%
South Korea
6.86%
Malaysia
5.72%
Sources: International Trade Administration, U.S. Census Bureau
Figure 4
[visualizer id=”699″]
Additional Trade Facts
- The 20 U.S. FTA partners purchased 49.38% ($690.92 billion) of U.S. manufactured goods exports in 2021 – 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.