Michigan’s per capita GDP in 2015 was ranked in the bottom half of states. However, growth in Michigan's per capita GDP between 2014 and 2015 ranked 17th in the nation, higher than the “Top Ten” average and all but four "Top Ten" states. Growth over the past year was in line with peers, though absolute levels remained generally lower.
What It Is: Total amount of goods and services produced by private industries in the state, adjusted for inflation and changes in relative prices, divided by population.
Why It Matters: Higher private sector GDP per capita is one of the primary measures of a region’s economic strength.