Department of Numbers

Minnesota GDP

Minnesota GDP was $296,443,000,000 in 2016 according to BEA data. Minnesota GDP represents 1.81% of US GDP which made it the 17th largest state economy in the nation in 2016. Real dollar values expressed in 2009 chained dollars.

Show dollars as: Nominal Real

Real GDP (2009 Chained Dollars) in Minnesota

2016
(Billions)
1 Year Change 3 Year Change 5 Year Change
Minnesota $296.443 +1.29% +5.21% +8.94%

Trends in Minnesota Real GDP

Over the 5 years ending in 2016 the Minnesota economy grew in real terms by 8.94% at a compound annual growth rate of 1.73% per year. Real Minnesota GDP, at $296.443 bn in 2016, is at the highest level recorded to date.

Real GDP (2009 Chained Dollars): Minnesota

Historical Real GDP (2009 Chained Dollars) data for Minnesota

Date Minnesota
(Billions)
2016 $296.443
2015 $292.655
2014 $289.040
2013 $281.759
2012 $275.859
2011 $272.105
2010 $266.346
2009 $258.166
2008 $268.824
2007 $267.393
2006 $266.429

more history ...

Minnesota GDP Components: Per-Capita GDP & Popuation

Minnesota per-capita GDP was $53,704 in 2016. which is $3,127 higher than the US per-capita GDP. Real dollar values expressed in 2009 chained dollars.

Show dollars as: Nominal Real

Real GDP (2009 Chained Dollars) in Minnesota

2016 1 Year Change 3 Year Change 5 Year Change
US Per-Capita GDP $50,577 +0.84% +4.20% +6.27%
Minnesota Per-Capita GDP $53,704 +0.61% +3.28% +5.56%
Minnesota Population 5,519,952 +0.68% +1.87% +3.20%

Trends Real in Minnesota Real Per-Capita GDP & Population

Real Minnesota per-capita GDP is 5.56% higher today than 5 years prior in 2011. In that time the population in Minnesota grew by 171,390 (3.20%) people. The per-capita GDP growth plus the population growth are approximatly equal to the GDP growth Minnesota shown above.

Real Per-Capita GDP (2009 Chained Dollars): Minnesota, National

Historical Real Per-Capita GDP (2009 Chained Dollars) and Population data for Minnesota

Date US Per-Capita GDP Minnesota Per-Capita GDP Minnesota Population
2016 $50,577 $53,704 5,519,952
2015 $50,155 $53,380 5,482,435
2014 $49,253 $53,005 5,453,109
2013 $48,538 $51,999 5,418,521
2012 $48,173 $51,272 5,380,285
2011 $47,595 $50,875 5,348,562
2010 $47,287 $50,148 5,311,147
2009 $46,680 $48,884 5,281,203
2008 $48,401 $51,234 5,247,018
2007 $49,126 $51,351 5,207,203
2006 $48,880 $51,598 5,163,555

more history ...