State profile
Minnesota
United States · GDP 2025
#20 of 51 US states by GDP41st-percentile growth
EA Place Score
——methodology in progress
GDP 2025 (USD)
$531.5B
BEA · 2025
GDP growth (YoY)
+4.7%
BEA · 2025
Jobs tracked
2,803,410
Census CBP · 2023
Employers
154,455
Census CBP · 2023
Avg. wage
$71.5k
BLS QCEW · 2023
Population
5,695,292
Census PEP · 2022
Minnesota · GDP by county
BEA 2025 · hover or taplower
higher · USD
Counties
top 24 by GDP · BEA 2024Hennepin$193.6BRamsey$56.3BDakota$37.1BAnoka$20.6BWashington$17.1BOlmsted$15.7BSt. Louis$13.9BStearns$12.6BScott$11.0BCarver$7.6BWright$7.3BBlue Earth$5.6BSherburne$4.9BRice$4.1BCrow Wing$4.0BGoodhue$3.9BOtter Tail$3.3BKandiyohi$3.1BMower$3.0BWinona$3.0BClay$2.9BSteele$2.9BDouglas$2.9BPennington$2.7B
See all counties in Minnesota →Public companies headquartered here
SEC EDGAR · FMPCompanySectorRevenueEA
1UnitedHealth Group IncorporatedHealthcare$447.6B80B+2Target CorporationConsumer Defensive$104.8B81B+3Best Buy Co., Inc.Consumer Cyclical$41.7B75B+4CHS Inc.Consumer Defensive$35.5B63C5U.S. BancorpFinancial Services$28.7B66B63M CompanyIndustrials$24.9B82B+7Ameriprise Financial, Inc.Financial Services$18.9B72B8General Mills, Inc.Consumer Defensive$18.4B67B9C.H. Robinson Worldwide, Inc.Industrials$16.2B73B10Ecolab Inc.Basic Materials$16.1B77B+11Hormel Foods CorporationConsumer Defensive$12.1B78B+12Xcel Energy Inc.Utilities$11.5B67B13Solventum CorporationHealthcare$8.3B65B14Fastenal CompanyIndustrials$8.2B90A15APi Group CorporationIndustrials$7.9B61C16The Toro CompanyIndustrials$4.5B78B+17Donaldson Company, Inc.Industrials$3.7B74B18H.B. Fuller CompanyBasic Materials$3.5B68B19Life Time Group Holdings, Inc.Consumer Cyclical$3.0B66B20Northern Oil and Gas, Inc.Energy$2.5B64C21Graco Inc.Industrials$2.2B85A22Deluxe CorporationCommunication Services$2.1B79B+23Piper Sandler CompaniesFinancial Services$1.8B80B+24Bluestem Group Inc.Consumer Cyclical$1.8B——25Apogee Enterprises, Inc.Basic Materials$1.4B76B+HQ-based placement with total (global) headcount — local employment attribution needs firmographic data; the industry mix at right is measured county data (CBP).
Industry mix · employment
Health care28%
Manufacturing19%
Retail trade18%
Food & accommodation14%
Professional services11%
Management9%
share of top-6 sector employment · CBP 2023
GDP trend
2021–2025 · nominal
$416.1B2021
$457.4B2022
$483.2B2023
$507.7B2024
$531.5B2025
Filing activity
SEC EDGAR127 filings from 49 companies here in the last 90 days.
Wage trend
BLS QCEW · 2019–2023$71.5k
avg. annual pay · +20% since 2019
Similar US states
nearest by GDPThe read
What is the GDP of Minnesota?
Minnesota's economy produced $531.5B in 2025, growing 4.7% year over year — about the middle of the pack among US states. Its largest employment sector is health care.
GDP: BEA (2025), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.