Michigan GDP

Michigan GDP was $568,413,000,000 in 2021 according to BEA data. Michigan GDP represents 2.47% of US GDP which made it the 14th largest state economy in the nation in 2021.

Show dollars as: Nominal Real

Real GDP (2021 Dollars) in Michigan

	2021 (Billions)	1 Year Change	3 Year Change	5 Year Change
Michigan	$568.413	+5.94%	+1.72%	+3.57%

Trends in Michigan Real GDP

Over the 5 years ending in 2021 the Michigan economy grew in real terms by 3.57% at a compound annual growth rate of 0.70% per year. Real Michigan GDP, at $568.413 bn in 2021, is at the highest level recorded to date.

Real GDP (2021 Dollars): Michigan

Historical Real GDP (2021 Dollars) data for Michigan

Date	Michigan (Billions)
2021	$568.413
2020	$536.523
2019	$560.189
2018	$558.800
2017	$551.220
2016	$548.823
2015	$537.045
2014	$515.912
2013	$508.694
2012	$500.340
2011	$487.828
2010	$480.101
2009	$459.326
2008	$489.458
2007	$523.371
2006	$527.352
2005	$541.459
2004	$538.005
2003	$536.048
2002	$531.268
2001	$519.108
2000	$534.243
1999	$524.877
1998	$491.957
1997	$477.015

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	2021 (Billions)	1 Year Change	3 Year Change	5 Year Change
Michigan	$568.413	+10.35%	+9.14%	+15.94%

Michigan GDP Components: Per-Capita GDP & Popuation

Michigan per-capita GDP was $56,554 in 2021. which is $12,667 lower than the US per-capita GDP.

Show dollars as: Nominal Real

Real GDP (2021 Dollars) in Michigan

	2021	1 Year Change	3 Year Change	5 Year Change
US Per-Capita GDP	$69,221	+5.53%	+3.34%	+7.37%
Michigan Per-Capita GDP	$56,554	+6.12%	+1.08%	+2.57%
Michigan Population	10,050,811	-0.17%	+0.64%	+0.97%

Trends Real in Michigan Real Per-Capita GDP & Population

Real Michigan per-capita GDP is 2.57% higher today than 5 years prior in 2016. In that time the population in Michigan grew by 96,694 (0.97%) people. The per-capita GDP growth plus the population growth are approximatly equal to the GDP growth Michigan shown above.

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

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

Date	US Per-Capita GDP	Michigan Per-Capita GDP	Michigan Population
2021	$69,221	$56,554	10,050,811
2020	$65,595	$53,292	10,067,664
2019	$68,164	$56,104	9,984,795
2018	$66,987	$55,951	9,987,286
2017	$65,472	$55,250	9,976,752
2016	$64,472	$55,135	9,954,117
2015	$63,906	$54,059	9,934,483
2014	$62,711	$51,944	9,932,033
2013	$61,792	$51,307	9,914,802
2012	$61,132	$50,548	9,898,289
2011	$60,234	$49,360	9,883,053
2010	$59,785	$48,605	9,877,597
2009	$58,700	$46,389	9,901,591
2008	$60,801	$49,207	9,946,889
2007	$61,300	$52,330	10,001,284
2006	$60,671	$52,546	10,036,081
2005	$59,591	$53,870	10,051,137
2004	$58,122	$53,505	10,055,315
2003	$56,474	$53,385	10,041,152
2002	$55,447	$53,043	10,015,710
2001	$55,044	$51,957	9,991,120
2000	$55,069	$53,680	9,952,450
1999	$53,494	$53,213	9,863,775
1998	$51,633	$50,096	9,820,231
1997	$49,997	$48,747	9,785,450

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Nominal GDP in Michigan

	2021	1 Year Change	3 Year Change	5 Year Change
US Per-Capita GDP	$69,221	+9.91%	+10.87%	+14.82%
Michigan Per-Capita GDP	$56,554	+10.53%	+8.45%	+14.82%
Michigan Population	10,050,811	-0.17%	+0.64%	+0.97%

Trends in Nominal Michigan Real Per-Capita GDP & Population

Nominal Michigan per-capita GDP is 14.82% higher today than 5 years prior in 2016. In that time the population in Michigan grew by 96,694 (0.97%) 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
2021	$69,221	$56,554	10,050,811
2020	$62,978	$51,166	10,067,664
2019	$64,665	$53,224	9,984,795
2018	$62,432	$52,147	9,987,286
2017	$59,596	$50,292	9,976,752
2016	$57,593	$49,252	9,954,117
2015	$56,521	$47,812	9,934,483
2014	$54,914	$45,486	9,932,033
2013	$53,117	$44,103	9,914,802
2012	$51,645	$42,703	9,898,289
2011	$49,952	$40,934	9,883,053
2010	$48,570	$39,488	9,877,597
2009	$47,123	$37,240	9,901,591
2008	$48,498	$39,251	9,946,889
2007	$47,976	$40,956	10,001,284
2006	$46,234	$40,042	10,036,081
2005	$44,052	$39,823	10,051,137
2004	$41,660	$38,350	10,055,315
2003	$39,420	$37,264	10,041,152
2002	$37,954	$36,309	10,015,710
2001	$37,100	$35,020	9,991,120
2000	$36,300	$35,383	9,952,450
1999	$34,480	$34,298	9,863,775
1998	$32,818	$31,841	9,820,231
1997	$31,424	$30,639	9,785,450

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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 (2021 Dollars) in Michigan

Trends in Michigan Real GDP

Real GDP (2021 Dollars): Michigan

Historical Real GDP (2021 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 (2021 Dollars) in Michigan

Trends Real in Michigan Real Per-Capita GDP & Population

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

Historical Real Per-Capita GDP (2021 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

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