Michigan GDP

Michigan GDP was $536,888,000,000 in 2019 according to BEA data. Michigan GDP represents 2.50% of US GDP which made it the 14th largest state economy in the nation in 2019.

Show dollars as: Nominal Real

Real GDP (2019 Dollars) in Michigan

	2019 (Billions)	1 Year Change	3 Year Change	5 Year Change
Michigan	$536.888	+1.09%	+3.40%	+10.49%

Trends in Michigan Real GDP

Over the 5 years ending in 2019 the Michigan economy grew in real terms by 10.49% at a compound annual growth rate of 2.02% per year. Real Michigan GDP, at $536.888 bn in 2019, is at the highest level recorded to date.

Real GDP (2019 Dollars): Michigan

Historical Real GDP (2019 Dollars) data for Michigan

Date	Michigan (Billions)
2019	$536.888
2018	$531.119
2017	$523.141
2016	$519.224
2015	$507.705
2014	$485.912
2013	$478.557
2012	$470.101
2011	$458.897
2010	$451.613
2009	$431.969
2008	$459.598
2007	$490.056
2006	$493.212
2005	$506.151
2004	$505.104
2003	$507.177
2002	$501.836
2001	$490.542
2000	$505.610
1999	$496.622
1998	$466.262
1997	$451.945

more history ... less history ...

	2019 (Billions)	1 Year Change	3 Year Change	5 Year Change
Michigan	$536.888	+2.89%	+9.80%	+19.69%

Michigan GDP Components: Per-Capita GDP & Popuation

Michigan per-capita GDP was $53,759 in 2019. which is $11,481 lower than the US per-capita GDP.

Show dollars as: Nominal Real

Real GDP (2019 Dollars) in Michigan

	2019	1 Year Change	3 Year Change	5 Year Change
US Per-Capita GDP	$65,240	+1.67%	+5.93%	+9.49%
Michigan Per-Capita GDP	$53,759	+1.06%	+3.03%	+9.86%
Michigan Population	9,986,857	+0.03%	+0.36%	+0.57%

Trends Real in Michigan Real Per-Capita GDP & Population

Real Michigan per-capita GDP is 9.86% higher today than 5 years prior in 2014. In that time the population in Michigan grew by 57,009 (0.57%) people. The per-capita GDP growth plus the population growth are approximatly equal to the GDP growth Michigan shown above.

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

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

Date	US Per-Capita GDP	Michigan Per-Capita GDP	Michigan Population
2019	$65,240	$53,759	9,986,857
2018	$64,168	$53,197	9,984,072
2017	$62,633	$52,455	9,973,114
2016	$61,590	$52,180	9,950,571
2015	$60,982	$51,120	9,931,715
2014	$59,587	$48,934	9,929,848
2013	$58,537	$48,275	9,913,065
2012	$57,870	$47,499	9,897,145
2011	$56,997	$46,436	9,882,412
2010	$56,531	$45,721	9,877,510
2009	$55,573	$43,626	9,901,591
2008	$57,524	$46,205	9,946,889
2007	$58,146	$48,999	10,001,284
2006	$57,626	$49,144	10,036,081
2005	$56,560	$50,358	10,051,137
2004	$55,150	$50,233	10,055,315
2003	$53,613	$50,510	10,041,152
2002	$52,605	$50,105	10,015,710
2001	$52,200	$49,098	9,991,120
2000	$52,201	$50,803	9,952,450
1999	$50,683	$50,348	9,863,775
1998	$48,939	$47,480	9,820,231
1997	$47,389	$46,185	9,785,450

more history ... less history ...

Nominal GDP in Michigan

	2019	1 Year Change	3 Year Change	5 Year Change
US Per-Capita GDP	$65,240	+3.49%	+12.48%	+19.01%
Michigan Per-Capita GDP	$53,759	+2.86%	+9.40%	+19.01%
Michigan Population	9,986,857	+0.03%	+0.36%	+0.57%

Trends in Nominal Michigan Real Per-Capita GDP & Population

Nominal Michigan per-capita GDP is 19.01% higher today than 5 years prior in 2014. In that time the population in Michigan grew by 57,009 (0.57%) people. The per-capita GDP growth plus the population growth are approximatly equal to the GDP growth Michigan shown above.

Nominal Per-Capita GDP: Michigan, National

Historical Nominal Per-Capita GDP and Population data for Michigan

Date	US Per-Capita GDP	Michigan Per-Capita GDP	Michigan Population
2019	$65,240	$53,759	9,986,857
2018	$63,043	$52,264	9,984,072
2017	$60,092	$50,327	9,973,114
2016	$58,001	$49,139	9,950,571
2015	$56,832	$47,640	9,931,715
2014	$55,008	$45,174	9,929,848
2013	$53,057	$43,756	9,913,065
2012	$51,548	$42,309	9,897,145
2011	$49,814	$40,584	9,882,412
2010	$48,397	$39,142	9,877,510
2009	$47,028	$36,919	9,901,591
2008	$48,311	$38,805	9,946,889
2007	$47,902	$40,367	10,001,284
2006	$46,231	$39,426	10,036,081
2005	$44,044	$39,214	10,051,137
2004	$41,648	$37,935	10,055,315
2003	$39,426	$37,144	10,041,152
2002	$37,980	$36,174	10,015,710
2001	$37,100	$34,895	9,991,120
2000	$36,305	$35,332	9,952,450
1999	$34,478	$34,250	9,863,775
1998	$32,818	$31,839	9,820,231
1997	$31,424	$30,626	9,785,450

more history ... less history ...

Department of Numbers

The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.

Michigan GDP

Real GDP (2019 Dollars) in Michigan

Trends in Michigan Real GDP

Real GDP (2019 Dollars): Michigan

Historical Real GDP (2019 Dollars) data for Michigan

Nominal GDP in Michigan

Trends in Michigan Nominal GDP

Nominal GDP: Michigan

Historical Nominal GDP data for Michigan

Michigan GDP Components: Per-Capita GDP & Popuation

Real GDP (2019 Dollars) in Michigan

Trends Real in Michigan Real Per-Capita GDP & Population

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

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

Nominal GDP in Michigan

Trends in Nominal Michigan Real Per-Capita GDP & Population

Nominal Per-Capita GDP: Michigan, National

Historical Nominal Per-Capita GDP and Population data for Michigan

Department of Numbers

GDP by State

Here's where you are

Here's where you might go

Datasets & Tools