Michigan has a per capita personal income (PCPI) of $36,533. This PCPI is 88 percent of the national average, $41,663. The 2011 PCPI reflected an increase of 5.2 percent from 2010. The 2010-2011 national change was 4.3 percent. The 2001-2011 compound annual growth rate of PCPI was 2.0 percent. The compound annual growth rate for the nation was 2.9 percent.
Gross Domestic Product (GDP) for Industries In MichiganIn 2011, the largest industry in Michigan was government. This industry accounted for 11.9 percent of Michigan GDP and had a 2.9 percent real decline. The second largest industry was durable goods manufacturing, which accounted for 11.7 percent of Michigan GDP and had 10.8 percent real growth. The largest contributor to real GDP growth in Michigan was durable goods manufacturing. This industry accounted for 1.17 percentage points of the total growth in real GDP. The second largest contributor was professional, scientific, and technical services. This industry accounted for 0.54 percentage point of the total growth in real GDP.