Abstract
Utah’s abundant energy and mineral resources are used to heat homes, drive industry, and keep the lights on. Effectively managing these energy and mineral resources and their associated supply chains requires knowledge of their economic value and how they currently contribute to Utah’s economy. This report calculates the total economic contribution of Utah’s energy and mining industries for 2019 and 2020. Each industry makes substantial contributions to Utah’s gross domestic product, employment, and tax base. Collectively, these industries contributed over 10% to Utah's total Gross Domestic Product (GDP), supported over 7% of its jobs, and contributed 20% to state tax revenue. Not only do these industries produce sizable economic value, they also create high-paying jobs. Average wages for the energy and mining industries were calculated to be $22,415 (45%) and $13,652 (28%) above the overall state average wage, respectively.
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