Minnesota
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Minnesota's manufacturing real GDP totaled $33.9 billion, or 15.8 percent of the state’s real GDP in 2007. The state’s manufacturing real GDP rose 18.1 percent from 2000 to 2007, most of it from non-high-tech manufacturing industries. The manufacturers’ capital expenditures in the state contracted less than the national average.
Manufacturing employment in Minnesota totaled 341,200 jobs, or 2.5 percent of the nation’s total in 2007, about the same as in 1990. Although the level of employment was the same in both years, Minnesota had a bigger share of U.S. manufacturing jobs in 2007: 2.5 percent compared with 1.9 percent in 1990. Though employment declined, the rates of decline in both high-tech and non-high-tech manufacturing were not as severe as the national average during the seven-year period. In fact, employment in high-tech manufacturing rebounded modestly after manufacturing employment bottomed out in 2003. The growth of the high-tech industries increased Minnesota’s share of the nation’s high-tech manufacturing from 2.9 percent in 2000 to 3.1 percent in 2007.
The average manufacturing wage in Minnesota was $52,800, slightly less than the U.S. average, but still a 25.8 percent increase since 2000. The value added per production worker was $222,051 in 2007, less than the U.S. average.
|
| Manufacturing employment index (2000-2007) |
| State |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
California
|
100.00 |
96.01 |
88.08 |
83.25 |
82.11 |
81.10 |
80.31 |
78.98 |
Minnesota
|
100.00 |
95.46 |
89.72 |
86.56 |
86.47 |
87.54 |
87.14 |
86.03 |
United States
|
100.00 |
95.22 |
88.37 |
84.03 |
82.91 |
82.40 |
82.00 |
80.41 |
Top five indicators
|
| Indicator |
United States
Value |
MN
Value |
%
Change |
Peer State
Rank |
| Real gross state product (US$ billions) |
$11,523.9 |
$214.9 |
16.1% |
7 |
| Per capita personal income (US$) |
$38,615 |
$41,105 |
28.4% |
4 |
| Total exports of goods (US$ billions) |
$1,162.5 |
$18.1 |
75.3% |
3 |
| Manufacturing's share of real GDP (%) |
13.6% |
15.8% |
1.7% |
3 |
| Real manufacturing output per worker (US$ thousands) |
$113.6 |
$99.2 |
37.1% |
5 |
Economic climate indicators
|
| Indicator |
United States
Value |
MN
Value |
%
Change |
Peer State
Rank |
| Real gross domestic product (US$ billions) |
$11,523.9 |
$214.9 |
16.1% |
7 |
| Total nonfarm employment (thousands, SA) |
$13,7604.3 |
$2,771.4 |
3.2% |
6 |
| Total exports of goods (US$ billions) |
$1,162.5 |
$18.1 |
75.3% |
3 |
| Per capita personal income (US$) |
$38,615 |
$41,105 |
28.4% |
4 |
| Median household income (US$) |
$50,740 |
$55,664 |
18.2% |
6 |
Business climate indicators
|
| Indicator |
United States
Value |
MN
Value |
%
Change |
Peer State
Rank |
| Corporate income tax rate |
15.0% -35.0% |
9.8% |
0.0% |
8 |
| Individual income tax rate |
10.0% -35.0% |
5.35%-7.85% |
-2.7% - -1.9% |
6 |
| Property tax rate |
13.8% |
1.27% |
-- |
6 |
| Sales tax rate |
0% |
6.5% |
0.0% |
7 |
| Employer unemployment insurance tax rate |
0.66% |
0.77% |
67.4% |
2 |
| Total state-local tax burden rate |
9.9% |
10.4% |
2.0% |
5 |
| Per capita total state-local taxes paid (US$) |
$4,223 |
$4,599 |
29.1% |
2 |
| Government debt as % of GDP |
65.5% |
3.5% |
16.7% |
2 |
| Per capita government spending (US$) |
$14,327 |
$6,134 |
29.3% |
7 |
| Nonfarm establishments (latest 2006) |
7,601,160 |
$151,150 |
8.7% |
5 |
Manufacturing indicators
|
| Indicator |
United States
Value |
MN
Value |
%
Change |
Peer State
Rank |
| Manufacturing share of real GDP |
13.6% |
15.8% |
1.7% |
3 |
| High-tech manufacturing share of real GDP |
4.8% |
5.6% |
87.3% |
2 |
| Manufacturing employment (thousands) |
13,882.6 |
341.2 |
-14.0% |
6 |
| High-tech manufacturing employment (thousands) |
2,468.7 |
77.1 |
-12.6% |
4 |
| Share of U.S. high-tech manufacturing employment |
2.0% (U.S. avg.) |
3.12% |
8.3% |
4 |
| Manufacturing wage per employee (US$) |
$53,804 |
$52,765 |
25.8% |
3 |
| Manufacturers' capital expenditures (US$ billions) |
$135.8 |
$2.8 |
-4.3% |
3 |
| Industrial R&D expenditures (US$ billions, 2005) |
$226.2 |
$6.3 |
70.3% |
4 |
| Real manufacturing output (US$ billions) |
$1,571.7 |
$33.9 |
18.1% |
4 |
| Real manufacturing output per worker (US$ thousands) |
113.6 |
99.2 |
37.1% |
5 |
| Value added per production worker (US$) |
$249,139 |
$222,051 |
35.5% |
6 |
| Exports of manufactured goods (US$ billions) |
$1,022.1 |
$16.3 |
71.5% |
3 |
Leading business and economic indices
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