Economy of Utah State

June 29, 2010US State Economiesby EconomyWatch

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Utah Economy - Social Indicators

Utah is a Rocky Mt. state of the W United States. The state is bordered by Idaho and Wyoming, Colorado, Arizona, and Nevada.

The state has a total geographical area of 84,899 sq mi; with a land area of 82,144 sq mi; and the total acres forested 15.7 mil.

The establishment of defense plants and military installations during World War II has spurred phenomenal industrial growth and acted as a positive indicator for the economy.

Demography And Social Indicators
The state has an estimated population of 2,469,585 in the year 2005 in comparison to 2,389,039 in July 2004. The net change in population of the state in 2002-03 was 1.4%.

According to the US Census 2000, the population of the state was 2,233,169.

The population density of the state is 28.6 per sq mi.

With regards to the Racial Distribution 2000, White 89.2%; Black 0.8%; Asian 1.7%; Native American 1.3%.

Business and Economy of Utah
The Gross state product in 2001 was $70.4 billion and the per capita personal income in 2003 was $24,977.

Among the major sectors of the economy, the Chief Industries include services, trade, manufacturing, government, transportation and utilities.

Important Manufacturing goodsof the state are medical instruments, electronic component, food products, fabricated metals, transportation equipment, steel and copper.

Major crops are hay, corn, wheat, barley, apples, cherries, onions, peaches and pears.
Livestock of the state (Jan 2004):860,000 cattle/calves; 265,000 sheep/lambs;(Jan 2003): 660,000 hogs/pigs; (Dec 2003): 3.9 million chickens.

Apart from this, minerals of the state play a major role. This sector gives a large number of employments. The chief metals are copper, gold, molybdenum, and magnesium. The important mineral products include beryllium, asphalt, silver, lead, tin, fluorspar, mercury, vanadium, potassium salts, manganiferous ore, and uranium.

Energy Production In Utah
Electricity Production (est. 2003, kwh by source): Coal 35.6 bil; Gas 1.3 bil; Hydroelectric 475 mil; Other 198 mil.

Tourist Attraction Of Utah
Tourism is an important revenue earning process in the economy. National parks and seven national monuments, ski resorts, particularly in the Wasatch Range, are popular destinations in the state. The important tourist places of the state are as follows:

  • Temple Square, Mormon Church headquarters, Salt Lake City;
  • Great Salt Lake;
  • Zion, Canyon lands, Bryce Canyon, Arches and capitol Reef Natl. Parks;
  • Dinosaur, Rainbow Bridge, Timpanogos cave, and natural bridge monuments;
  • Flaming George Natl. Recreational Area.

Colleges, Schools and Universities In Utah

  • Brigham Young University in Provo
  • College of Eastern Utah in Price
  • Dixie State College of Utah
  • LDS Business College in Salt Lake City
  • Provo College in Provo
  • Salt Lake Community College in Taylorsville
  • Southern Utah University, in Cedar City
  • University of Utah in Salt Lake City
  • Utah College of Massage Therapy in Salt Lake City
  • Utah State University in Logan
  • Utah Valley State College

Further Readings