State of Michigan Economic Statistics

The State of Michigan is a leading business state and globally competitive in attracting industry.  Michigan's economy is driven by its stature as the world leader in the automotive industry; but its economy has been bolstered by the phenomenal growth of life science, biotechnology and future fuels industries.  Michigan is the #1 state for new plants and expansions on the Site Selection magazine list for an unprecedented five years in a row.  No other state in the nation has amassed almost 9,000 new investments or expansions over the past five years.

                        (Photo taken by MEDC: Asterand )

• Michigan Retail Sales (2002): $109,350,139
• Michigan Retail Sales per Capita (2002): $10,889 
• Michigan Gross Domestic Product: $337.9 billion (2006) representing 3% of the U.S. total; U.S. GDP $11.3 trillion 
• Michigan ranked 2nd nationally in expenditures for R&D, with over $16.7 billion total statewide investment in 2006. 
• Michigan ranked 6th on Small Business and Entrepreneurship Council's "10 Best States to Start a Business" list in 2007 
• Michigan is one of the best states for e-government in the United States, according to an e-government analysis conducted by researchers at Brown University Taubman Center for Public Policy 
• Michigan scored a B+ marking on the 2008 State Government Performance Report Card; a report produced by the Pew Center on the States' Government Performance Project and Governing magazine.
• The University of Michigan – Ann Arbor consistently ranks within the top 10 public and private American research universities, according to the Center for Measuring University Performance 
• Michigan's a leading center for international commercial activity with 648 companies representing 24 countries
  

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