Incorporating: Colorado, Idaho, Montana, Utah and Wyoming.
Within the 2018-2023 timeframe, gasworld business intelligence predict growth from 3.4% p.a. in a low scenario to 4.9% p.a. in a high scenario. Accordingly, the industry in the mountains is expected to achieve revenues of between $760m to $819m by 2023.
The combined GDP of the five states that are included in the Rocky Mountain region totalled $726 billion in 2018. Approximately half of this was generated by Colorado alone, and another $177 billion contributed by Utah.
Over the past decade (2008-2018), GDP growth has averaged at 3.4% p.a. Actual GDP growth has fluctuated somewhat since 2000 – the region’s economy went into recession in 2009 – yet only witnessed a decline of -3.7%, a much smaller drop than many of the other regions in the US.
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