U.S. and Utah Economic Overview
The remarkably resilient U.S. economy continued flying high in 2024. Labor markets softened somewhat off all-time low unemployment, yet overall upward momentum persisted in both the U.S. and Utah economies.
The remarkably resilient U.S. economy continued flying high in 2024. Labor markets softened somewhat off all-time low unemployment, yet overall upward momentum persisted in both the U.S. and Utah economies.
Utah fares comparatively well on many social indicators. Selected measures come from five domains: economic, demographic, socioeconomic, health, and safety.
Agriculture’s contribution to Utah’s GDP in the first three quarters of 2024 came in at $2.0 billion, after facing a mixed year in 2023 with GDP declines to $1.3 billion by year-end.
In 2024, Great Salt Lake continued to rise from the record-low elevation reached in 2022, aided by two years of above-average precipitation and the adaptive management berm.
Rapid interest rate changes stand out as one of the most stunning economic stories in recent years.
The Utah Economic Council prepares quarterly economic forecasts and is a collaborative endeavor of the David Eccles School of Business and the Governor’s Office of Planning and Budget.
The 2025 Economic Report to the Governor represents the 37th publication in this series. The report serves as the preeminent source for data, research, and analysis about the Utah economy.
The 2025 Economic Report to the Governor represents the 37th publication in this series. The report serves as the preeminent source for data, research, and analysis about the Utah economy.
In Utah Informed, we share 80 pages of compelling charts, quotes, maps, phrases, and schematics that help us better understand our changing state, nation, and world. We call it “visual intellection” and invite you to consider how this information can [...]