Economy of Minnesota State

June 29, 2010US State Economiesby EconomyWatch

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Demography And Social Indicators

Minnesota is an upper midwestern state of the United States. The state is bordered by Lake superior and Wisconsin, Lowa, South Dakota and North Dakota, and the Canadian Provinces of Manitoba and Ontario.

The state has total geographical area of 86,939 sq mi; with a total land area of 79,610 sq mi; and total acres forested 16.7 mil.

The state is the largest producer of the Iron Ore in the nation. Apart from this it is also a leading producer of creamery butter, dry milk, cheese, and sweet corn.

Demography And Social Indicators
The total estimated population of the state in 2005 is 5,132,799 in comparison to 5,100,958 in July 2004. The net change of the population in 2002-03 is 0.7%.

According to the US Census 2000, the total population of the state is 4,919,479.

The population density the of state is calculated at 63.6 per sq mi.

With regards to the Racial Distribution, (2000): White 89.4%, Black 3.5%, Asian 2.9%, Native American 1.1%.

The Unemployment rate of the state in 2003 is 5%.

Business and Economy of Minnesota
According to the Bureau of Economi Analysis, the total state product in 2003 was $211 billion. The per capita personal income of the state in 2004 was $34,861.

The Major industries of the state are agri business, forest products, mining, manufacturing and tourisbm.

Chief Manufacturing goods are food, chemical and paper products, industrial machinery, electric and electronic equipment,

computers, printing and publishing, scientific and medical instruments, fabricated metal products and forest products. Important crops of the state are corn, soybeans,wheat, sugar beats, hay, barley, potatoes and sunflowers.

Livestock of the state (Jan 2004): 2.4 mil Cattle/calves; 140,000 sheep/lambs; (Jan 2003): 6.4 mil hogs/pigs; (Dec 2003): 14.6 mil chickens.

Energy Production In Minnesota
Total Electricity Production (est. 2003, kwh by source): Coal 33.2 billion; Petroleum 840 mil; Gas 1.1 bil; Hydroelectric 692 mil; Nuclear 13.4 bil; Other 401 mil.

Tourist Attraction Of Minnesota
The important tourist places of the state are as follows: Minneapolis Institute of Arts, Walker Art Center, Minnepolis sculpture Garden, Minehaha Falls, Guthrie Theater, St Paul; Voyageurs Natl. Park; Mayo Clinic, Rochestar; St Paul Winter Carnival; North Shore.
Colleges, Schools and Universities In Minnesota

  • Alexandria Technical College
  • Anoka Technical College
  • Anoka-Ramsey Community College
  • Bemidji State University
  • Central Lakes College
  • Dakota County Technical College
  • Fond du Lac Tribal and Community College
  • Hennepin Technical College
  • Hibbing Community College
  • Inver Hills Community College
  • Itasca Community College
  • Lake Superior College
  • Mesabi Range Community & Technical College
  • Metropolitan State University
  • Minneapolis Community and Technical College
  • Minnesota State College-Southeast Technical
  • Minnesota State Community and Technical College
  • Minnesota State University, Mankato
  • Minnesota State University Moorhead
  • Minnesota West Community & Technical College
  • Normandale Community College
  • North Hennepin Community College
  • Northland Community & Technical College
  • Pine Technical College
  • Rainy River Community College
  • Ridgewater College
  • Rochester Community and Technical College
  • St. Cloud State University
  • South West Minnesota State University

Further Readings