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Economy

•  Business Climate
•  Diversified Economy
•  Research & Development
•  Minnesota Exports




Diversified Economy


Minnesota's Major Industries
Minnesota's economy is one of the most diverse in the nation with more than 90 percent of all major U.S. industries located in the state. Its economy grew 25 percent faster than the U.S. economy between 1990 and 1999.

SIC Code

Industry

1999
Establishments

1999
Employment

1990-99 % Change in Employment

1997 Value of Shipments (millions)

35

Industrial Machinery & Computers

1,789

78,434

1.2%

$11,981

27

Printing, Publishing, & Allied Industries

1,714

55,350

         6.6%

$6,893

20

Food & Kindred Products

566

52,894

         7.1%

$15,651

88

Scientific Instruments

43

40,944

       23.7%

$5,637

34

Fabricated Metal Products

890

36,798

         6.7%

$5,786

36

Electronic Equipment, (except computers)

434

34,610

       15.4%

$5,567

26

Paper & Allied Products

152

29,665

      -13.2%

$4,200

24

Lumber & Wood Products, (except furniture)

710

21,509

        26.9%

$ 2,963

30

Rubber & Misc. Plastics Products

452

19,614

        30.9%

$ 2,913

87

Transportation Equipment

249

15,043

        32.6%

D

 

All Manufacturing Industries

 

9,195

 

439,369

 

1.2%

 

$78,725

 

SIC Code

Industry

1999
Establishments

1999
Employment

1990-99 % Change in Employment

1997 Value of Shipments (millions)

80

Health Services

6,433

243,70

20.0%

$9,660

82

Educational Ser

3,362

187,04

22.2%

$328

73

Business Services

11,466

175,511

84.4%

$10,151

83

Social Services

4,49

75,33

46.1%

$1,646

87

Engineering & Management Services

6,258

47,86

38.1%

$4,874

79

Amusement & Recreation Services

2,446

42,97

74.7%

$1,803

86

Membership Organizations

2,514

32,21

26.0%

$917

70

Hotels & Other lodging Places

1,491

29,90

22.5%

$1,520

72

Personal Services

3,780

25,882

2.8%

$992

75

Automotive Repair, Services, & Parking

3,377

22,93

30.9%

D

 

All Service Industries

53,318

922,066

1.2%

$43,403

SIC Code

Industry

1999
Establishments

1999
Employment

1990-99 % Change in Employment

1997 Value of Shipments (millions)

 

All Industries

150,780

2,550,79

22.5%

 

Source:  US Department of Labor, Bureau of Labor Statistics, 2000.

 


Minnesota's 1999 Gross State Product
Minnesota's economy most closely mirrors that of the U.S. economy than any other state and is growing jobs 33 percent faster than the rest of the nation.

 

Minnesota (millions)

Minnesota Distribution

United States Distribution

Agriculture, Forestry and Fishing

$  3,004

1.7%

1.3%

Mining

$     804

0.5%

1.2%

Construction

$  8,585

5.0%

4.5%

Manufacturing

$31,319

18.1%

16.1%

Transportation and Utilities

$13,183

7.6%

8.4%

Wholesale Trade

$14,210

8.2%

6.9%

Retail Trade

$16,310

9.4%

9.2%

Finance, Insurance And Real Estate (FIRE)

$35,994

20.8%

21.3%

Government

$17,599

10.2%

11.8%

TOTAL

$172,982

100.0%

100.0%

 




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