2021 Colorado Manufacturing Facts
Colorado Manufacturing Facts
Manufacturers in Colorado account for 6.75% of the total output in the state, employing 5.71% of the workforce. Total output from manufacturing was $26.52 billion in 2019. In addition, there were an average of 152,000 manufacturing employees in Colorado in 2020, with an average annual compensation of $83,031.30 in 2019.
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 $7.94 billion in manufactured goods exports in 2020. That same year, $3.16 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 48.3% ($659.49 billion) of U.S. manufactured goods exports in 2019 – 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.