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Minnesota GDP compared with countries, 1997 to 2025

Minnesota GDP was $515.12 billion in 2025, number 20 among states. Compare its economy with Vietnam and other country peers.

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What the data shows

  • Minnesota: $157.35B in 1997, $515.12B in 2025 (3.3× higher).
  • Vietnam: $26.84B in 1997, $514.70B in 2025 (19× higher).
  • Norway: $160.01B in 1997, $530.76B in 2025 (3.3× higher). It peaked at $617.32B in 2022.
  • Philippines: $94.11B in 1997, $487.09B in 2025 (5.2× higher). Its low point was $74.49B in 1998.

About this chart

Minnesota nominal GDP rose by 227.4% from 1997 to 2025, reaching $515.12 billion. Its closest displayed country comparison is Vietnam, at $514.70 billion in the same year. The state figure rose from $157.35 billion in 1997, a nominal change of 227.4%. The largest year-to-year dollar move in the displayed state series came in 2022, when output increased by $40.21 billion.

The comparison follows Minnesota alongside Vietnam, Norway and Philippines from 1997 through 2025. These countries are the three closest eligible economies by final-year GDP, with complete annual data over the same interval. State figures come from the BEA all-industry GDP series and country figures from the World Bank. Values are in current US dollars, so inflation and exchange-rate movements affect the comparison. Total output is not household income, a living-standard ranking or GDP per person.

The data

Source: U.S. Bureau of Economic Analysis, SAGDP2 all-industry state GDP; World Bank WDI NY.GDP.MKTP.CD for countries; current US$ billions. Retrieved November 5, 2026. Nominal GDP, not adjusted for inflation. Country GDP source: https://data.worldbank.org/indicator/NY.GDP.MKTP.CD. Country peers are the three closest eligible economies in the final common year; complete annual coverage is required.

Minnesota GDP compared with countries, GDP in current US$ billions, 1997 to 2025, 1997–2025
DateMinnesotaVietnamNorwayPhilippines
1997$157.35B$26.84B$160.01B$94.11B
1998$167.87B$27.21B$152.96B$74.49B
1999$176.78B$28.68B$161.31B$85.64B
2000$192.39B$31.17B$170.62B$83.67B
2001$196.87B$32.69B$173.59B$78.92B
2002$204.06B$35.06B$195.36B$84.31B
2003$215.98B$39.55B$229.19B$87.04B
2004$231.95B$45.43B$265.66B$95.00B
2005$244.64B$57.63B$311.42B$107.42B
2006$252.36B$66.37B$349.77B$127.65B
2007$261.25B$77.41B$407.81B$155.98B
2008$268.77B$99.13B$472.06B$181.63B
2009$262.63B$106.02B$395.66B$175.98B
2010$274.65B$147.20B$440.13B$208.37B
2011$287.07B$172.60B$512.87B$234.22B
2012$298.64B$195.59B$525.08B$261.92B
2013$311.75B$213.71B$540.13B$283.90B
2014$324.70B$233.45B$515.83B$297.48B
2015$336.76B$239.26B$400.67B$306.45B
2016$345.25B$257.10B$383.28B$318.63B
2017$354.72B$281.35B$415.67B$328.48B
2018$372.44B$310.11B$454.59B$346.84B
2019$384.84B$334.37B$424.25B$376.82B
2020$378.30B$346.62B$382.25B$361.75B
2021$413.51B$366.48B$521.59B$394.09B
2022$453.73B$413.45B$617.32B$404.35B
2023$479.59B$433.81B$502.20B$437.06B
2024$497.21B$476.33B$500.89B$461.67B
2025$515.12B$514.70B$530.76B$487.09B

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Frequently asked questions

What is the GDP of Minnesota?

Minnesota GDP was $515.12 billion in 2025, in current US dollars according to the BEA all-industry series. It ranked 20 among the 50 states.

Which country has an economy close in size to Minnesota?

Among the displayed same-year comparisons, Vietnam is closest: $514.70 billion versus $515.12 billion for Minnesota in 2025. Countries are selected by total GDP and complete annual coverage, not by similarity in population or economic structure.

Are these GDP figures adjusted for inflation?

No. Both the BEA state figures and World Bank country figures are nominal GDP in current US dollars. The 227.4% change since 1997 is therefore not a measure of inflation-adjusted growth.

Where does this data come from?

U.S. Bureau of Economic Analysis, SAGDP2 all-industry state GDP; World Bank WDI NY.GDP.MKTP.CD for countries; current US$ billions. Retrieved November 5, 2026. Nominal GDP, not adjusted for inflation. Country GDP source: https://data.worldbank.org/indicator/NY.GDP.MKTP.CD. Country peers are the three closest eligible economies in the final common year; complete annual coverage is required. You can download the full table as a CSV from this page.

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