Weld real GDP drops 11% in 2020, fourth worst in Colorado

Broomfield

Weld County’s real gross domestic product dropped 11.5% in 2020 as the economy suffered from the COVID-19 pandemic, including sharp declines in demand for oil and natural gas. The data look even worse when examining nominal GDP. While real GDP represents the total value of goods and services produced, adjusted for inflation, nominal GDP calculates … Continued

Local counties posted solid GDP numbers in 2019

Broomfield

Ah, for the good old days of 2019, when the economy was chugging along, unemployment was low and gross domestic product numbers were, well, positive. As the economy continues to struggle at the end of 2020 due to the COVID-19 pandemic, new county-level real GDP numbers released by the U.S. Department of Commerce’s Bureau of … Continued