Montana GDP was $59,303,000,000 in 2021 according to BEA data. Montana GDP represents 0.26% of US GDP which made it the 47th largest state economy in the nation in 2021.
Real GDP (2021 Dollars) in Montana
2021 (Billions) |
1 Year Change | 3 Year Change | 5 Year Change | |
---|---|---|---|---|
Montana | $59.303 | +10.54% | +8.58% | +16.45% |
Trends in Montana Real GDP
Over the 5 years ending in 2021 the Montana economy grew in real terms by 16.45% at a compound annual growth rate of 3.09% per year. Real Montana GDP, at $59.303 bn in 2021, is at the highest level recorded to date.
Real GDP (2021 Dollars): Montana
Historical Real GDP (2021 Dollars) data for Montana
Date | Montana (Billions) |
---|---|
2021 | $59.303 |
2020 | $53.649 |
2019 | $54.592 |
2018 | $54.618 |
2017 | $53.215 |
2016 | $50.925 |
2015 | $52.693 |
2014 | $51.591 |
2013 | $50.823 |
2012 | $50.119 |
2011 | $49.433 |
2010 | $47.188 |
2009 | $45.079 |
2008 | $46.668 |
2007 | $46.296 |
2006 | $43.522 |
2005 | $41.767 |
2004 | $39.289 |
2003 | $36.840 |
2002 | $34.977 |
2001 | $33.898 |
2000 | $33.189 |
1999 | $32.289 |
1998 | $32.141 |
1997 | $30.691 |
Montana GDP Components: Per-Capita GDP & Popuation
Montana per-capita GDP was $53,703 in 2021. which is $15,518 lower than the US per-capita GDP.
Real GDP (2021 Dollars) in Montana
2021 | 1 Year Change | 3 Year Change | 5 Year Change | |
---|---|---|---|---|
US Per-Capita GDP | $69,221 | +5.53% | +3.34% | +7.37% |
Montana Per-Capita GDP | $53,703 | +8.73% | +4.40% | +9.90% |
Montana Population | 1,104,271 | +1.66% | +4.00% | +5.96% |
Trends Real in Montana Real Per-Capita GDP & Population
Real Montana per-capita GDP is 9.90% higher today than 5 years prior in 2016. In that time the population in Montana grew by 62,134 (5.96%) people. The per-capita GDP growth plus the population growth are approximatly equal to the GDP growth Montana shown above.
Real Per-Capita GDP (2021 Dollars): Montana, National
Historical Real Per-Capita GDP (2021 Dollars) and Population data for Montana
Date | US Per-Capita GDP | Montana Per-Capita GDP | Montana Population |
---|---|---|---|
2021 | $69,221 | $53,703 | 1,104,271 |
2020 | $65,595 | $49,392 | 1,086,193 |
2019 | $68,164 | $51,014 | 1,070,123 |
2018 | $66,987 | $51,438 | 1,061,818 |
2017 | $65,472 | $50,495 | 1,053,862 |
2016 | $64,472 | $48,865 | 1,042,137 |
2015 | $63,906 | $51,085 | 1,031,494 |
2014 | $62,711 | $50,448 | 1,022,657 |
2013 | $61,792 | $50,114 | 1,014,158 |
2012 | $61,132 | $49,911 | 1,004,168 |
2011 | $60,234 | $49,556 | 997,518 |
2010 | $59,785 | $47,629 | 990,730 |
2009 | $58,700 | $45,812 | 983,982 |
2008 | $60,801 | $47,795 | 976,415 |
2007 | $61,300 | $47,989 | 964,706 |
2006 | $60,671 | $45,683 | 952,692 |
2005 | $59,591 | $44,428 | 940,102 |
2004 | $58,122 | $42,245 | 930,009 |
2003 | $56,474 | $40,059 | 919,630 |
2002 | $55,447 | $38,366 | 911,667 |
2001 | $55,044 | $37,375 | 906,961 |
2000 | $55,069 | $36,722 | 903,773 |
1999 | $53,494 | $36,577 | 882,779 |
1998 | $51,633 | $36,544 | 879,533 |
1997 | $49,997 | $34,928 | 878,706 |