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Section 2
<br />Statewide Demographic, Economic, and Social Setting
<br />About 40 percent of the statewide employment in 2000 is
<br />in three sectors: (1) retail trade, (2) professional,
<br />scientific, management, and administrative services, and
<br />(3) education, health, and social services. Statewide,
<br />agricultural employment is less than two percent of total
<br />employment, although this sector of the economy
<br />accounts for the majority of water use in the state.
<br />Historical employment data for the State of Colorado
<br />since 1970 show that employment in the retail trade has
<br />maintained a steady percentage of total employment
<br />while the services sector has grown steadily over time.
<br />Thirty years ago, the state had a larger percentage of
<br />total employment in the manufacturing sector and
<br />government sector than today.
<br />A review of Colorado's largest private sector employers
<br />in 2003 show that 4 of the top 10 employers are retail
<br />businesses (Wal-Mart, Kroger, Safeway, and Target), 2
<br />of the top 10 are in the health care sector (Centura
<br />Health and Columbia/ HealthOne), and the remaining top
<br />10 employers in the state are in telecommunications
<br />(Qwest Communications), recreation (Vail Resorts),
<br />aerospace (Lockheed Martin), and air transportation
<br />(United Airlines). A review of the top 30 employers are
<br />indicative of the state's strength in the services sector
<br />from traditional services (e.g., health, education, tourism)
<br />to high-tech services (telecommunications, information
<br />management, software development). Within these
<br />sectors, Colorado's economy supports a wide range of
<br />businesses, from small businesses to multi-national
<br />corporations.
<br />Table 2-4 shows the state's economy as measured in
<br />dollars generated, or gross state product (GSP) from
<br />1980 to 2000 and by major industry sectors. As
<br />discussed in Section 2.2, agriculture and mining remain
<br />an important part of the state's economy with increased
<br />production, but a decreasing share of total employment
<br />and total state output (Colorado Office of Economic
<br />Development and International Trade 2004). The
<br />manufacturing sector also shows increasing production
<br />in terms of GSP over time, but a decreasing percentage
<br />of the overall state economy.
<br />Statewide, the services sector has been growing in both
<br />total output and as a percentage of the statewide
<br />economy. The Services sector accounted for nearly one-
<br />quarter (23 percent) of the total gross state product in
<br />2000. Similarly, the transportation industry has grown as
<br />a percentage of the state's economy, as suggested in the
<br />review of the state's top employers. The retail trade
<br />sector and the finance, insurance, and real estate
<br />(F.I.R.E.) sectors combined account for another
<br />27 percent of the state's GSP.
<br />Table 2-4 Historical Colorado Gross State Product by Ind
<br />Historical Colorado GSP
<br />1990 1,544 341 1,770 3,052 9,343
<br />1995 1,147 559 1,586 5,562 13,018
<br />2000 1,219 1,084 2,841 11,197 16,697
<br />Percent of Total GSP
<br />1980 2.5% 0.4% 5.5% 6.6% 13.6%
<br />1985 1.8% 0.5% 3.6% 5.8% 12.6%
<br />1990 2.1 % 0.5% 2.4% 4.1 % 12.5%
<br />7,169
<br />9.9% 6.5% 10.4% 17.7% 16.4% 14.9% 100.0%
<br />10.7% 6.2% 9.6% 16.3% 20.2% 15.5% 100.0%
<br />2000 0.7% 0.6% 1.7% 6.6% 9.9% 12.1 % 6.6% 9.4% 17.7% 23.3% 11.4% 100.0%
<br />Source: U.S. Bureau of Economic Analysis ( http://www.bea.doc.gov/bea/regional/gspn
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