Minnesota

Overall Rank

Ease of doing business

Population	% of overall Population	US Overall
5,793,151	1.7%	340,110,988

National Ranking Index

Strengths
Strong and Diversified Economy; strengths in healthcare, technology (particularly medical technology), agriculture, and manufacturing; Highly Educated Workforce; Healthcare Leadership; Strong Agricultural Sector; High Quality of Life

Weaknesses
Climate; Workforce Shortages; Regional Economic Disparities; Tax climate

Opportunities
Growth in Technology and Healthcare; Renewable Energy Development; Expanding International Trade; Investment in Infrastructure

Threats
Economic Downturns; Climate Change Impacts; Competition for Talent; Changes in Federal Policy

1 Fortune 500 representation

The map represents number of Fortune 500 companies present in each State

Clicking on table contents will take you to the source data

F500 Overall Rank	F500 Cos
10	17

Top Companies
UnitedHealth; Target Corporation; Best Buy

2 Balance of Trade

The map represents Trade Surplus / Deficit in Millions USD of each State in YTD 2025

In Millions USD - 2025 YTD

Trade Balance Overall Rank	Trade Surplus / Deficit	Exports in Millions USD	US Exports 2025 YTD	% of US Exports
33	-$5,005	$8,253	$711,202	1.16%

Imports in Millions USD	US Imports 2025 YTD	% of US Imports
$13,258	$1,224,182	1.08%

3 GDP

The map represents Nominal GDP in Millions USD of each State in 2024

In Millions USD - 2025 YTD

GDP Overall Rank	Nominal GDP (2024)	GDP Per Capita	% of Capital
20	497,631	$86,371	1.72

4 Innovation

The map represents Innovation Rankings of each State in 2024

Innovation Overall Rank	Total Innovation Rank	Financial Incentives Index	Innovation Vitality Index
10	4.5	2	7

5 Agriculture

The map represents State Receipts of all commodities for each State in 2024 in USD 1000s

Agriculture Overall Rank	State receipts for all commodities ($1000)	Share of US receipts for all commodities
6	24,814,593	4.8

6 Tax

The map represents Tax Regime Rankings for each State

Tax Overall Rank	Corporate Tax Rank	Individual Income Tax Rank	Sales Tax Rank	Property Tax Rank
44	43	44	34	26

7 Manufacturing

The map represents Manufacturing Rankings for each State

Mfg Overall Rank	Mfg Overall Index	Workforce & Market Alignment	Operating Costs	Geo Positioning
47	85.3	104.1	86.4	59.2

8 Employment

The map represents Employment Rankings for each State

Employment Overall Rank	Unemployment Rank	Unemployment Rates April 2025	Employment Rank	Total employment (thousands)	12-month percent change in employment	12-month net change in employment (thousands)
6	10	3.2	19	3,050.00	1.4	40.8

9 Education

The map represents Education Rankings for each State

Education Overall Rank	Quality of Education Rank	% of Population with Bachelor's Degree	% of Population with Associates' Degree	% of Population with High School Diploma or Equivalent	% of Population with Graduate or Professional Degree	%of Population with less than High School Diploma
8	22	40	11.9	23.3	14	2.5

10 Cost of Living

The map represents Cost of Living for each State

Cost of Living Overall Rank	Cost of Living
33	$41,498

Please note that the ranking has been re-calibrated by theboardiQ from the data source - ranking the lowest Cost of Living as the highest rank

11 Disposable Income