Introduction: Minnesota Download PDF
From the time the first settlers arrived, Minnesota’s economy has historically relied on its abundance of natural resources. The agriculture industry continues that tradition today, especially through corn and dairy farming. Minnesota’s vast forests and mineral wealth provide substantial income to the state, and facilitate its manufacturing sector as well. Tourism is another beneficiary of the state’s natural attractions. Finance, health care and real estate are among the state’s fastest growing service sector industries.
One unique feature of the Minnesotan economy is prevalence of cooperatives, which are organizations that sponsor cooperative buying and selling. It has more consumer, producer, and business service cooperatives than any other state in the Union. Most cooperatives are in the agricultural sector. The largest producer cooperatives are creameries for marketing milk, butter, cheese, and other dairy products.
Government
Symbols
State Seal: |
State Quarter: |
Time Zones:
| Standard Time | GMT-6 | |
| Daylight-Saving Time | GMT-5 | |
Statistics
- Per Capita Real GDP :
- $41,353
- Population:
- 5,220,390
- Percent of People Under Poverty Level:
- 9.2%
- Per Capita Personal Income:
- $38,712
- Percent of Population with a Bachelor's Degree:
- 20.9%
- Total Exports:
- $17,993,400,000
Top 5 Export Partner Countries
Canada
Ireland
Japan
China
Netherlands
Top 5 Export Merchandise
Machinery Sales
Computers and Electronic Products Sales
Computers and Electronic Products Manufacturing
Machinery Manufacturing
Primary Metals Manufacturing
Major Cities
Duluth, Minneapolis, St. Paul
Major Airports
| Airport Name | City | |
| MSP | Minneapolis-St Paul International/Wold-Chamberlain | Minneapolis |
Main Ports:
Duluth-Superior, Minneapolis, Silver Bay, St. Paul, Taconite, Two Harbors
Corporations
| Company | Fortune 1000 Rank: | Revenues ($millions) | Headquarter City |
| UnitedHealth Group | 21 | 71,542 | Minnetonka |
| Target | 33 | 59,490 | Minneapolis |
| Best Buy | 72 | 30,848 | Richfield |
| Travelers Cos. | 89 | 25,090 | St. Paul |
| 3M | 97 | 22,923 | St. Paul |