Minnesota GDP

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.

Show dollars as: Nominal Real

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

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	2021 (Billions)	1 Year Change	3 Year Change	5 Year Change
Minnesota	$412.001	+10.24%	+10.33%	+19.75%

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.

Show dollars as: Nominal Real

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

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Nominal GDP in Minnesota

	2021	1 Year Change	3 Year Change	5 Year Change
US Per-Capita GDP	$69,221	+9.91%	+10.87%	+15.93%
Minnesota Per-Capita GDP	$72,187	+10.23%	+8.43%	+15.93%
Minnesota Population	5,707,390	0.00%	+1.76%	+3.29%

Trends in Nominal Minnesota Real Per-Capita GDP & Population

Nominal Minnesota per-capita GDP is 15.93% 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.

Nominal Per-Capita GDP: Minnesota, National

Historical Nominal Per-Capita GDP 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	$62,978	$65,486	5,707,165
2019	$64,665	$67,914	5,640,053
2018	$62,432	$66,578	5,608,762
2017	$59,596	$63,686	5,569,283
2016	$57,593	$62,269	5,525,360
2015	$56,521	$61,183	5,484,002
2014	$54,914	$59,558	5,452,665
2013	$53,117	$57,459	5,414,722
2012	$51,645	$55,477	5,377,500
2011	$49,952	$53,686	5,346,620
2010	$48,570	$51,635	5,310,934
2009	$47,123	$49,627	5,281,203
2008	$48,498	$50,966	5,247,018
2007	$47,976	$50,327	5,207,203
2006	$46,234	$48,861	5,163,555
2005	$44,052	$47,930	5,119,598
2004	$41,660	$45,456	5,087,713
2003	$39,420	$42,687	5,053,572
2002	$37,954	$40,589	5,018,935
2001	$37,100	$39,337	4,982,796
2000	$36,300	$38,818	4,933,692
1999	$34,480	$36,804	4,775,508
1998	$32,818	$35,313	4,726,411
1997	$31,424	$33,353	4,687,726

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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.

Minnesota GDP

Real GDP (2021 Dollars) in Minnesota

Trends in Minnesota Real GDP

Real GDP (2021 Dollars): Minnesota

Historical Real GDP (2021 Dollars) data for Minnesota

Nominal GDP in Minnesota

Trends in Minnesota Nominal GDP

Nominal GDP: Minnesota

Historical Nominal GDP data for Minnesota

Minnesota GDP Components: Per-Capita GDP & Popuation

Real GDP (2021 Dollars) in Minnesota

Trends Real in Minnesota Real Per-Capita GDP & Population

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

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

Nominal GDP in Minnesota

Trends in Nominal Minnesota Real Per-Capita GDP & Population

Nominal Per-Capita GDP: Minnesota, National

Historical Nominal Per-Capita GDP and Population data for Minnesota

Department of Numbers

GDP by State

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