Colorado's
Competitiveness

Business
Climate

Workforce &
Talent

Cost of Living

Quality of Life

Manufacturing
& Tech

Colorado Scorecard

Colorado's Competitiveness

Key Competitiveness Rankings

Best State for Business

11th


(Declining)
Cost of Doing Business

38th


(Declining)
Business Tax Climate​

21st


(Declining)

Key Competitiveness Rankings

Legal Climate​

21st


(Improving)
Energy​

28th


(Declining)

By the Numbers

Companies Who Will Invest Out of State​

46%
Business Confidence Index​

44.1


(Increasing)
GDP Ranking​

15th


(Improving)

Colorado Tourism

Travel Spending​

$26.1


Billion

(Increasing)
Tourism-Generated Employment

176,800

jobs

(Increasing)
Number of Visitors

90


million

(Increasing)

Best State for Business Ranking

2023 ranking: 11th
2022 ranking: 4th

Source: CNBC Top States for Business

Cost of Doing Business Ranking

2023: 38th
2022: 36th

Source: CNBC Top States for Business

Business Tax Climate Ranking

2023: 21st
2022: 20th

Source: Tax Foundation

Legal Climate Ranking

2019: 21st
2017: 35th

Source: U.S. Chamber Institute for Legal Reform

Energy Ranking

2023: 28th
2021: 17th

Source: U.S. News

Companies Who Will Invest Outside of Colorado

2023: 46%

Source: Colorado Chamber Business Leader Survey

Business Confidence Index

2023: 44.1
2022: 41.1

Source: The Leeds Business Confidence Index

GDP Ranking

2022: 15th
2021: 16th

Source: U.S. Bureau of Economic Analysis

Travel Spending in Colorado

2022: $26.1 Billion
2021: $21.1 Billion

Source: Colorado Office of Economic Development & International Trade

Tourism-Generated Employment

2022: 176,800 jobs
2021: 161,100 jobs

Source: Colorado Office of Economic Development & International Trade

Number of Visitors

2022: 90 million
2021: 84.2 million

Source: Colorado Office of Economic Development & International Trade