Colorado

:For other uses, see Colorado (disambiguation).

Economy

The state's economy broadened from its mid 19th century roots in mining when irrigated agriculture developed, and by the late 19th century, raising livestock had become important. Early industry was based on the extraction and processing of minerals and agricultural products. Current agricultural products are cattle, wheat, dairy products, corn, and hay.

Related Topics:
Cattle - Wheat - Dairy product - Corn - Hay

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

The federal government is also a major economic force in the state with many important federal facilities including NORAD and the U.S. Air Force Academy in Colorado Springs, NOAA and the National Institute of Standards and Technology in Boulder, U.S. Geological Survey and other government agencies at the Denver Federal Center in Lakewood, the Denver Mint, and 10th Circuit Court of Appeals in Denver, and a federal Supermax Prison and other federal prisons near Cañon City. There are of course various other federal agencies and federally owned lands in the state, especially with Colorado's abundant National Forests and four National Parks. There are also numerous private companies that have operations in Colorado that deal with the governmental agencies in the state.

Related Topics:
Federal government - NORAD - U.S. Air Force Academy - Colorado Springs - NOAA - National Institute of Standards and Technology - Boulder - U.S. Geological Survey - Lakewood - Denver Mint - 10th Circuit Court of Appeals - Supermax Prison - Prisons - Cañon City - Federal agencies - National Forests - National Parks

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

In the second half of the 20th century the industrial and service sectors have expanded greatly. The state's economy is diversified and is notable for its concentration of scientific research and high-technology industries. Other industries include food processing, transportation equipment, machinery, chemical products, minerals such as gold and molybdenum, and tourism. Denver is an important financial center.

Related Topics:
Food processing - Molybdenum

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

The Bureau of Economic Analysis estimates that the total state product in 2003 was $187 billion. Per capital personal income in 2003 was $34,561, putting Colorado 8th in the nation.

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

To see a 2004 per capital personal income comparision table on a state basis: http://www.bea.gov/bea/newsrel/spi_highlights.pdf

~ ~ ~ ~ ~ ~ ~ ~ ~ ~