Economy & Economic Development  October 2, 2022

Colorado GDP shrinks 2% in second quarter

Real gross domestic product in Colorado took a step backward in the second quarter, declining at an annualized rate of 2%, according to preliminary data released Friday by the Bureau of Economic Analysis.

Real GDP is an inflation-adjusted measure reflecting the value of goods and services produced in an economy.

That means that Colorado fared worse than the U.S. economy overall, which posted a real GDP decline of 0.6% in the second quarter. Colorado ranked 39th nationwide in terms of percentage change in GDP.

The state GDP numbers are preliminary. Initial reports for the first quarter showed a decline of 1.9% in Colorado, but…

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Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
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