Minnesota GDP was $412,001,000,000 in 2021 according to BEA data. Minnesota GDP represents 1.79% of US GDP which made it the 19th largest state economy in the nation in 2021.
Real GDP (2021 Dollars) in Minnesota
2021 (Billions) |
1 Year Change | 3 Year Change | 5 Year Change | |
---|---|---|---|---|
Minnesota | $412.001 | +5.84% | +2.83% | +6.97% |
Trends in Minnesota Real GDP
Over the 5 years ending in 2021 the Minnesota economy grew in real terms by 6.97% at a compound annual growth rate of 1.36% per year. Real Minnesota GDP, at $412.001 bn in 2021, is at the highest level recorded to date.
Real GDP (2021 Dollars): Minnesota
Historical Real GDP (2021 Dollars) data for Minnesota
Date | Minnesota (Billions) |
---|---|
2021 | $412.001 |
2020 | $389.268 |
2019 | $403.765 |
2018 | $400.664 |
2017 | $389.653 |
2016 | $385.157 |
2015 | $379.371 |
2014 | $370.857 |
2013 | $361.943 |
2012 | $353.131 |
2011 | $346.123 |
2010 | $337.549 |
2009 | $326.480 |
2008 | $335.256 |
2007 | $334.842 |
2006 | $331.075 |
2005 | $331.936 |
2004 | $322.656 |
2003 | $309.047 |
2002 | $297.603 |
2001 | $290.804 |
2000 | $290.543 |
1999 | $272.683 |
1998 | $262.594 |
1997 | $248.758 |
Minnesota GDP Components: Per-Capita GDP & Popuation
Minnesota per-capita GDP was $72,187 in 2021. which is $2,966 higher than the US per-capita GDP.
Real GDP (2021 Dollars) in Minnesota
2021 | 1 Year Change | 3 Year Change | 5 Year Change | |
---|---|---|---|---|
US Per-Capita GDP | $69,221 | +5.53% | +3.34% | +7.37% |
Minnesota Per-Capita GDP | $72,187 | +5.84% | +1.05% | +3.56% |
Minnesota Population | 5,707,390 | 0.00% | +1.76% | +3.29% |
Trends Real in Minnesota Real Per-Capita GDP & Population
Real Minnesota per-capita GDP is 3.56% higher today than 5 years prior in 2016. In that time the population in Minnesota grew by 182,030 (3.29%) people. The per-capita GDP growth plus the population growth are approximatly equal to the GDP growth Minnesota shown above.
Real Per-Capita GDP (2021 Dollars): Minnesota, National
Historical Real Per-Capita GDP (2021 Dollars) and Population data for Minnesota
Date | US Per-Capita GDP | Minnesota Per-Capita GDP | Minnesota Population |
---|---|---|---|
2021 | $69,221 | $72,187 | 5,707,390 |
2020 | $65,595 | $68,207 | 5,707,165 |
2019 | $68,164 | $71,589 | 5,640,053 |
2018 | $66,987 | $71,435 | 5,608,762 |
2017 | $65,472 | $69,965 | 5,569,283 |
2016 | $64,472 | $69,707 | 5,525,360 |
2015 | $63,906 | $69,178 | 5,484,002 |
2014 | $62,711 | $68,014 | 5,452,665 |
2013 | $61,792 | $66,844 | 5,414,722 |
2012 | $61,132 | $65,668 | 5,377,500 |
2011 | $60,234 | $64,737 | 5,346,620 |
2010 | $59,785 | $63,557 | 5,310,934 |
2009 | $58,700 | $61,819 | 5,281,203 |
2008 | $60,801 | $63,895 | 5,247,018 |
2007 | $61,300 | $64,304 | 5,207,203 |
2006 | $60,671 | $64,118 | 5,163,555 |
2005 | $59,591 | $64,836 | 5,119,598 |
2004 | $58,122 | $63,419 | 5,087,713 |
2003 | $56,474 | $61,154 | 5,053,572 |
2002 | $55,447 | $59,296 | 5,018,935 |
2001 | $55,044 | $58,362 | 4,982,796 |
2000 | $55,069 | $58,890 | 4,933,692 |
1999 | $53,494 | $57,100 | 4,775,508 |
1998 | $51,633 | $55,559 | 4,726,411 |
1997 | $49,997 | $53,066 | 4,687,726 |