Department of Numbers

Minnesota GDP

Minnesota GDP was $412,001,000,000 in 2021 according to BEA data. Minnesota GDP represents 1.79% of US GDP which made it the 19th largest state economy in the nation in 2021.

Show dollars as: Nominal Real

Real GDP (2021 Dollars) in Minnesota

2021
(Billions)
1 Year Change 3 Year Change 5 Year Change
Minnesota $412.001 +5.84% +2.83% +6.97%

Trends in Minnesota Real GDP

Over the 5 years ending in 2021 the Minnesota economy grew in real terms by 6.97% at a compound annual growth rate of 1.36% per year. Real Minnesota GDP, at $412.001 bn in 2021, is at the highest level recorded to date.

Real GDP (2021 Dollars): Minnesota

Historical Real GDP (2021 Dollars) data for Minnesota

Date Minnesota
(Billions)
2021 $412.001
2020 $389.268
2019 $403.765
2018 $400.664
2017 $389.653
2016 $385.157
2015 $379.371
2014 $370.857
2013 $361.943
2012 $353.131
2011 $346.123

more history ...

Minnesota GDP Components: Per-Capita GDP & Popuation

Minnesota per-capita GDP was $72,187 in 2021. which is $2,966 higher than the US per-capita GDP.

Show dollars as: Nominal Real

Real GDP (2021 Dollars) in Minnesota

2021 1 Year Change 3 Year Change 5 Year Change
US Per-Capita GDP $69,221 +5.53% +3.34% +7.37%
Minnesota Per-Capita GDP $72,187 +5.84% +1.05% +3.56%
Minnesota Population 5,707,390 0.00% +1.76% +3.29%

Trends Real in Minnesota Real Per-Capita GDP & Population

Real Minnesota per-capita GDP is 3.56% higher today than 5 years prior in 2016. In that time the population in Minnesota grew by 182,030 (3.29%) people. The per-capita GDP growth plus the population growth are approximatly equal to the GDP growth Minnesota shown above.

Real Per-Capita GDP (2021 Dollars): Minnesota, National

Historical Real Per-Capita GDP (2021 Dollars) and Population data for Minnesota

Date US Per-Capita GDP Minnesota Per-Capita GDP Minnesota Population
2021 $69,221 $72,187 5,707,390
2020 $65,595 $68,207 5,707,165
2019 $68,164 $71,589 5,640,053
2018 $66,987 $71,435 5,608,762
2017 $65,472 $69,965 5,569,283
2016 $64,472 $69,707 5,525,360
2015 $63,906 $69,178 5,484,002
2014 $62,711 $68,014 5,452,665
2013 $61,792 $66,844 5,414,722
2012 $61,132 $65,668 5,377,500
2011 $60,234 $64,737 5,346,620

more history ...