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

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	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

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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

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GDP

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

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