Maintaining a high quality of life depends on a strong economy that provides opportunities for employment, a skilled and competitive workforce, and business investment. We track data on economic output (GDP), jobs, median income, and poverty to better understand the strength of Minnesota’s economy and whether the fruits of the economy are improving the well-being of its residents.
in economic output in goods and services
Minnesota's economic output fell in 2020, after a decade of growth. The manufacturing industry is responsible for the largest share of Minnesota's economic output.
jobs in Minnesota
After nine years of steady annual increases in jobs, Minnesota lost nearly 7% of its jobs during the COVID-19 pandemic.
is the median household income
But median household incomes among American Indian and Black households are statistically lower than median income of households of all other races and ethnicities that we track on Minnesota Compass. Median income is $41,600 among Black-headed households and $40,100 among American Indian households.