State of Utah economic & demographic projections 1994: highlights

This document reviews and examines the major conclusions from the larger, more detailed report, State of Utah Economic and Demographic Projections 1994. The Governor's Office of Planning and Budget (GOPB) publishes these long-term projections biennially. The primary purpose of the projections is to improve decision making and planning coordination in state government by providing a uniform set of population and employment projections. Theses projections extend through the year 2020 and have been generated by the Utah Process Economic and Demographic Model; (UPED). The UPED model is an economic base / cohort-survival model that has been used by state government for many years to project and understand future growth. In addition to the UPED model and the staff efforts of GOPB, these lastest projections incorporate the extensive contributions of representatives from the seven Associations of Government (AOG) in Utah. Therefore these projections represent a consensus projection of the future based on both a statewide and local perspective. Additional information concerning methodology, models, and assumptions can be found in the full report.