Department of Numbers

Minnesota GDP

Minnesota GDP was $383,777,000,000 in 2019 according to BEA data. Minnesota GDP represents 1.79% of US GDP which made it the 17th largest state economy in the nation in 2019.

Show dollars as: Nominal Real

Real GDP (2019 Dollars) in Minnesota

2019
(Billions)
1 Year Change 3 Year Change 5 Year Change
Minnesota $383.777 +1.38% +5.77% +9.79%

Trends in Minnesota Real GDP

Over the 5 years ending in 2019 the Minnesota economy grew in real terms by 9.79% at a compound annual growth rate of 1.89% per year. Real Minnesota GDP, at $383.777 bn in 2019, is at the highest level recorded to date.

Real GDP (2019 Dollars): Minnesota

Historical Real GDP (2019 Dollars) data for Minnesota

Date Minnesota
(Billions)
2019 $383.777
2018 $378.569
2017 $368.362
2016 $362.843
2015 $357.391
2014 $349.551
2013 $340.678
2012 $332.610
2011 $326.559
2010 $318.460
2009 $307.845

more history ...

Minnesota GDP Components: Per-Capita GDP & Popuation

Minnesota per-capita GDP was $68,050 in 2019. which is $2,810 higher than the US per-capita GDP.

Show dollars as: Nominal Real

Real GDP (2019 Dollars) in Minnesota

2019 1 Year Change 3 Year Change 5 Year Change
US Per-Capita GDP $65,240 +1.67% +5.93% +9.49%
Minnesota Per-Capita GDP $68,050 +0.78% +3.58% +6.12%
Minnesota Population 5,639,632 +0.60% +2.12% +3.46%

Trends Real in Minnesota Real Per-Capita GDP & Population

Real Minnesota per-capita GDP is 6.12% higher today than 5 years prior in 2014. In that time the population in Minnesota grew by 188,553 (3.46%) people. The per-capita GDP growth plus the population growth are approximatly equal to the GDP growth Minnesota shown above.

Real Per-Capita GDP (2019 Dollars): Minnesota, National

Historical Real Per-Capita GDP (2019 Dollars) and Population data for Minnesota

Date US Per-Capita GDP Minnesota Per-Capita GDP Minnesota Population
2019 $65,240 $68,050 5,639,632
2018 $64,168 $67,526 5,606,249
2017 $62,633 $66,178 5,566,230
2016 $61,590 $65,700 5,522,744
2015 $60,982 $65,193 5,482,032
2014 $59,587 $64,125 5,451,079
2013 $58,537 $62,931 5,413,479
2012 $57,870 $61,862 5,376,643
2011 $56,997 $61,083 5,346,143
2010 $56,531 $59,964 5,310,828
2009 $55,573 $58,291 5,281,203

more history ...