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Economy in Michigan

GDP, income, output and the industries that drive the economy.

Topics

Dive into each indicator for Michigan.

$706 B
GDP
14th in the U.S.
$69,600
GDP per capita
4.4%
Unemployment rate
2024
$48,700
Median annual wage
17 companies
Fortune 500 HQs
Motor vehicle manufacturing
Leading sector

Historical data

Coming soon

Long-run charts for this indicator are on the way.

Data table

GDP$706 B14th in the U.S.
GDP per capita$69,600
Unemployment rate4.4%2024
Median annual wage$48,700
Fortune 500 HQs17 companies
Leading sectorMotor vehicle manufacturing

Compared to the United States

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Side-by-side comparison of Michigan vs. the U.S. average.

National ranking

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The national ranking against every other state will appear here as more states are published.