Economy of Minnesota
| Statistics | |
|---|---|
| GDP | $472 billion (2023) |
GDP per capita | $62,005 (2020) |
Population below poverty line | 9.6% (2023) |
| 0.4434 (2023) | |
Labor force | 3,108,458 (2022) |
| Unemployment | 3.5% (November 2024) |
| Public finances | |
| Revenues | $67.7 billion (FY 2022-23) |
| Expenses | $51.6 billion (FY 2022-23) |
The economy of Minnesota produced US$472 billion of gross domestic product in 2023. Minnesota headquartered 15 Fortune 500 companies in 2023, the largest of which were UnitedHealth Group (5th) and Target (33rd). The per capita personal income in 2022 was $60,785, ranking ninth in the nation. The median household income in 2023 was $82,338.