Utah’s annual real GDP has grown over 80% since 2000

Downtown Moab, Utah. Photo: Parker Malatesta

SALT LAKE CITY — Andrew DePietro, a contributor with Forbes, recently published a ranking of states based on GDP growth using data from the Bureau of Economic Analysis (BEA).

The stats about the Beehive State are astounding.

In 2000, Utah’s annual real GDP was $92.62 billion. In the first quarter of 2021, it reached $178.2 billion — which is the highest quarterly GDP in the state’s history.

Since 2010, GDP has more than tripled at 36%.

In the last five years, GDP grew 19.1%, which is the second-highest among all 50 states.

Utah’s resilience through the pandemic and the resulting economic recession is what really stands out.

From 2019 to 2020, annual real GDP dropped only 0.1%. By comparison, in the same time frame, Hawaii’s GDP dropped 8%.