This graph shows the real value added to the Gross Domestic Product (GDP) of Michigan in 2021, by industry. In 2021, the construction industry added 14.91 billion chained 2012 U.S. dollars of value to the total state GDP.
Real value added to the Gross Domestic Product (GDP) of Michigan in 2021, by industry
(in billion chained 2012 U.S. dollars)
Industry
Real value added in billion chained (2012) U.S. dollars
Manufacturing
89.96
Finance, insurance, real estate, rental, and leasing
85.22
Professional and business services
70.06
Government and government enterprises
45.22
Educational services, health care, and social assistance
43.49
Wholesale trade
31.37
Retail trade
29.9
Information
16.61
Construction
14.91
Arts, entertainment, recreation, accommodation, and food services
Chained (2012) dollar series are calculated as the product of the chain-type quantity index and the 2012 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
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BEA. (March 31, 2022). Real value added to the Gross Domestic Product (GDP) of Michigan in 2021, by industry (in billion chained 2012 U.S. dollars) [Graph]. In Statista. Retrieved June 27, 2022, from https://www.statista.com/statistics/588974/michigan-real-gdp-by-industry/
BEA. "Real value added to the Gross Domestic Product (GDP) of Michigan in 2021, by industry (in billion chained 2012 U.S. dollars)." Chart. March 31, 2022. Statista. Accessed June 27, 2022. https://www.statista.com/statistics/588974/michigan-real-gdp-by-industry/
BEA. (2022). Real value added to the Gross Domestic Product (GDP) of Michigan in 2021, by industry (in billion chained 2012 U.S. dollars). Statista. Statista Inc.. Accessed: June 27, 2022. https://www.statista.com/statistics/588974/michigan-real-gdp-by-industry/
BEA. "Real Value Added to The Gross Domestic Product (Gdp) of Michigan in 2021, by Industry (in Billion Chained 2012 U.S. Dollars)." Statista, Statista Inc., 31 Mar 2022, https://www.statista.com/statistics/588974/michigan-real-gdp-by-industry/
BEA, Real value added to the Gross Domestic Product (GDP) of Michigan in 2021, by industry (in billion chained 2012 U.S. dollars) Statista, https://www.statista.com/statistics/588974/michigan-real-gdp-by-industry/ (last visited June 27, 2022)
