This graph shows the real value added to the Gross Domestic Product (GDP) of Michigan in 2018, by industry. In 2018, the construction industry added 16.35 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 2018, by industry
(in billion chained 2012 U.S. dollars)
Industry
Real value added in billion chained (2012) U.S. dollars
Manufacturing
90.29
Finance, insurance, real estate, rental, and leasing
75.96
Professional and business services
65.4
Government and government enterprises
47.12
Educational services, health care, and social assistance
44.14
Wholesale trade
33.23
Retail trade
30.59
Construction
16.35
Arts, entertainment, recreation, accommodation, and food services
14.95
Information
14.78
Transportation and warehousing
11.58
Other services (except government and government enterprises)
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. (May 1, 2019). Real value added to the Gross Domestic Product (GDP) of Michigan in 2018, by industry (in billion chained 2012 U.S. dollars) [Graph]. In Statista. Retrieved January 20, 2020, 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 2018, by industry (in billion chained 2012 U.S. dollars)." Chart. May 1, 2019. Statista. Accessed January 20, 2020. https://www.statista.com/statistics/588974/michigan-real-gdp-by-industry/
BEA. (2019). Real value added to the Gross Domestic Product (GDP) of Michigan in 2018, by industry (in billion chained 2012 U.S. dollars). Statista. Statista Inc.. Accessed: January 20, 2020. https://www.statista.com/statistics/588974/michigan-real-gdp-by-industry/
BEA. "Real Value Added to The Gross Domestic Product (Gdp) of Michigan in 2018, by Industry (in Billion Chained 2012 U.S. Dollars)." Statista, Statista Inc., 1 May 2019, https://www.statista.com/statistics/588974/michigan-real-gdp-by-industry/
BEA, Real value added to the Gross Domestic Product (GDP) of Michigan in 2018, by industry (in billion chained 2012 U.S. dollars) Statista, https://www.statista.com/statistics/588974/michigan-real-gdp-by-industry/ (last visited January 20, 2020)
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