Michigan

Economy

In the United States, we provide for our material well-being mainly through markets. Private markets provide not only for basic necessities like food, housing, and medicine, but others, from entertainment to transportation, that shape the quality and character of life.

Summary of Results.

Michigan's progress in this area has been mixed. Child mortality is improving over time. Both the percentage of children born at low birthweights and youth depression are worsening. The percentage of children living with a single parent is remaining relatively stable.

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  • Economic Output
    Specific Measure

    Real gross domestic product (GDP), or the level of production within a state's boundaries, expressed in 2023 US dollars

    (Source: Authors' analysis of Bureau of Economic Analysis and Bureau of Labor Statistics data). Recessions are highlighted in gray.
    State Rank
    State vs. US trend
    14

    Why did we include this measure?

    GDP measures the value of output of final goods and services—a state's economic production. Because GDP depends not just on the quantity of output but also on prices, the measure reflects the value of that output to consumers in their market exchanges. As such, it is an important measure of income and material well-being.

    View Economic Output Nationwide

    Michigan State Trend Improving

  • Productivity
    Specific Measure

    Labor productivity of the private nonfarm sector, indexed to 2017

    (Source: Bureau of Labor Statistics). Recessions are highlighted in gray.
    State Rank
    State vs. US trend
    20

    Why did we include this measure?

    It is not just how much we produce that matters but how much time we need to put into it. Productivity growth is one of the main drivers of overall economic growth and signals increases in human and physical capital and innovations in products, technology, management, and work processes. This allows us to increase our material prosperity while also having leisure time to rest, exercise, vacation, and spend time with our families and friends and in civic and community activities.

    View Productivity Nationwide

    Michigan State Trend Improving

How to Read This Report:

We report each measure three different ways: State Rank, State Trend, State vs. US Trend. Each result is color coded as either red (negative/worsening), yellow (neutral/stable), or green (positive/improving), as indicated below. If the simple trends were erratic, had too few data points, or had no data points, we do not color code and label the trend as “mixed,” "unclear," or "NA," respectively.

State Rank

(Where are we now?)

State Trend

(Where are we going?)

State vs. US Trend

(How do we compare?)

Top third

Improving

Improving relative to the national trend and improving 2+ rank spots

Middle third

No significant change

No difference compared with national trend or change in rank by <2 spots

Bottom third

Worsening

Worsening relative to national trend and declining 2+ rank spots

Not applicable

Distinct periods of improving and worsening

(Only for measures with >1 series.) One series is improving and another is worsening

Not applicable

Not enough data to establish a trend

NA

No data

For more information on our definitions and methods, please see the Data Notes section.