Output

In 2009, Michigan was headed in the wrong direction across 11 key output indicators of economic performance.  

In 2014, Michigan was headed in the right direction on most measures and ranked:

  • 18th for employment growth
  • 10th for per capita personal income growth, and 
  • 3rd for per capita gross domestic product growth.

Despite the fact that Michigan is growing faster than most states, absolute levels for employment, per capita income and per capita GDP remain average or below.

While Michigan remains one of the 10 largest states, population growth was slow, yielding a ranking of only 41st nationwide.


Input - Cost

In 2009, Michigan was headed in the wrong direction on 10 of 15 indicators relative to the cost of being located in a given state.  

In 2014, Michigan was headed in the right direction on 11 of 15 measures, and ranked:

  • 10th for corporate tax climate, and
  • 13th for overall tax climate. 

However this year, Michigan is trending in the wrong direction for both economic development expenditures and state unfunded pension liabilities, and ranks 28th for both measures.


Input - Value

Unlike outputs and cost inputs, Michigan was doing better in 2009 on value inputs, improving in 15 of 24 areas.

In 2014, Michigan’s performance was flat or headed in the wrong direction on 15 measures, and ranked:

  • 38th for 4th grade reading proficiency
  • 39th for urban road conditions, and 
  • 41st for enrollment in high school career and technical education. 

While Michigan remains a Top Ten state for innovation measures such as university research and development and exports, recent performance in those areas continues a downward trend.

Michigan ranked in the bottom five states for the percent of population age 25–34.


Trend Comparisons

As measured by key outputs, Michigan’s economy is experiencing “Top Ten” growth. Michigan has also taken steps to improve several cost inputs, while more work is needed on key value inputs.