# GDP by industry: real estate, rental and leasing in Minnesota

GDP by industry: real estate, rental and leasing in Minnesota was $64.95 billion in 2025. Source: U.S. Bureau of Economic Analysis.

- Indicator id: `gdp_by_industry_usd_real_estate`
- Place id: `us-state-27`
- Unit: USD million
- Definition: Value added by real estate and rental and leasing (NAICS 53), the industry's contribution to gross domestic product (GDP), in millions of current US dollars. United States and states: Bureau of Economic Analysis GDP by state, table SAGDP2, line 56.
- Note: Includes the rental value of owner-occupied homes, which BEA imputes as if owners rented their homes to themselves. That is why real estate is often the largest industry in a state: in 2025 it was in 24 of the 50 states and the District of Columbia. Millions of current US dollars, not adjusted for inflation; for real growth of the whole economy use gdp_growth. Industries are the sectors of the 2017 North American Industry Classification System (NAICS), counted where production takes place. The 20 sector values of a place add up to its gdp_usd, apart from rounding. BEA leaves out values that would disclose a single company, marked (D), and values below $50,000, marked (L); they are missing here, not zero.
- Source: U.S. Bureau of Economic Analysis, SAGDP2: gross domestic product (GDP) by state, Real estate and rental and leasing (NAICS 53), millions of current dollars (https://apps.bea.gov/regional/zip/SAGDP.zip)
- Publisher page: https://invokely.ai/en/publishers/bureau-of-economic-analysis
- Retrieved: 2026-10-12
- License: Public domain (US federal government work, citation requested, no implied BEA endorsement)
- Citation: U.S. Bureau of Economic Analysis. SAGDP2: gross domestic product (GDP) by state, Real estate and rental and leasing (NAICS 53), millions of current dollars. https://apps.bea.gov/regional/zip/SAGDP.zip. Retrieved 2026-10-12.
- Web page: https://invokely.ai/en/gdp-by-industry-real-estate/minnesota
- API: https://invokely.ai/api/v1/series?indicator=gdp_by_industry_usd_real_estate&place=us-state-27

| Period | USD million |
|---|---:|
| 2025 | 64,950.5 |
| 2024 | 61,670.2 |
| 2023 | 58,222 |
| 2022 | 55,963.4 |
| 2021 | 50,241.4 |
| 2020 | 44,786.7 |
| 2019 | 45,247.8 |
| 2018 | 43,715.7 |
| 2017 | 41,274.7 |
| 2016 | 40,541.8 |
| 2015 | 41,582.8 |
| 2014 | 40,052.8 |
| 2013 | 39,417.1 |
| 2012 | 37,748.5 |
| 2011 | 35,930 |
| 2010 | 35,263 |
| 2009 | 34,490 |
| 2008 | 34,946.2 |
| 2007 | 32,982.4 |
| 2006 | 30,798.8 |
| 2005 | 29,600.2 |
| 2004 | 27,751.4 |
| 2003 | 26,702 |
| 2002 | 26,353.1 |
| 2001 | 24,648.3 |
| 2000 | 22,373.9 |
| 1999 | 20,620.5 |
| 1998 | 19,191.5 |
| 1997 | 18,285 |