The real GDP of Michigan in 2022 amount to around 539.9 billion U.S. dollars. In that year, the construction industry added 17.82 billion chained 2017 U.S. dollars of value to the total state GDP. The manufacturing industry was the greatest contributor to GDP in that year.
Real value added to the gross domestic product of Michigan in the United States in 2022, by industry
(in billion chained 2017 U.S. dollars)
Industry
Real value added in billion chained (2017) U.S. dollars
Manufacturing
100.12
Finance, insurance, real estate, rental, and leasing
99.71
Professional and business services
80.24
Government and government enterprises
53.82
Educational services, health care, and social assistance
49.48
Wholesale trade
32.85
Retail trade
32.47
Arts, entertainment, recreation, accommodation, and food services
Chained (2017) dollar series are calculated as the product of the chain-type quantity index and the 2017 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. (September 30, 2023). Real value added to the gross domestic product of Michigan in the United States in 2022, by industry (in billion chained 2017 U.S. dollars) [Graph]. In Statista. Retrieved October 06, 2024, from https://www.statista.com/statistics/588974/michigan-real-gdp-by-industry/
BEA. "Real value added to the gross domestic product of Michigan in the United States in 2022, by industry (in billion chained 2017 U.S. dollars)." Chart. September 30, 2023. Statista. Accessed October 06, 2024. https://www.statista.com/statistics/588974/michigan-real-gdp-by-industry/
BEA. (2023). Real value added to the gross domestic product of Michigan in the United States in 2022, by industry (in billion chained 2017 U.S. dollars). Statista. Statista Inc.. Accessed: October 06, 2024. https://www.statista.com/statistics/588974/michigan-real-gdp-by-industry/
BEA. "Real Value Added to The Gross Domestic Product of Michigan in The United States in 2022, by Industry (in Billion Chained 2017 U.S. Dollars)." Statista, Statista Inc., 30 Sep 2023, https://www.statista.com/statistics/588974/michigan-real-gdp-by-industry/
BEA, Real value added to the gross domestic product of Michigan in the United States in 2022, by industry (in billion chained 2017 U.S. dollars) Statista, https://www.statista.com/statistics/588974/michigan-real-gdp-by-industry/ (last visited October 06, 2024)
Real value added to the gross domestic product of Michigan in the United States in 2022, by industry (in billion chained 2017 U.S. dollars) [Graph], BEA, September 30, 2023. [Online]. Available: https://www.statista.com/statistics/588974/michigan-real-gdp-by-industry/