Real GDP among key industries in Michigan fell by 1.4 percent between 2015 and 2016. This decline was less than the 3.6 percent decline among "Top Ten" states and less than the 2.0 percent decline among peer states.

What It Is: Real GDP in the engineering, geographic trade, higher education, life sciences, automotive, and natural resources sectors.

Why It Matters: These six sectors represent major opportunities crucial for growing Michigan's economy and moving it forward in the new global marketplace.  The three major indicators presented (GDP, employment, and earnings) show how these sectors are contributing to a state's production and to residents' well-being.     

Key Assets – Real GDP Per Capita Trends

Key Assets – Real GDP Per Capita Standings

Source: AEG analysis using base data from the Bureau of Economic Analysis