Published on 10 Feb 2023 on Insider Monkey via Yahoo Finance
In this article, we will be taking a look at the 25 Biggest Minnesota Companies and Stocks. To skip our detailed analysis, you can go directly to see the 5 Biggest Minnesota Companies and Stocks.
If all U.S. states were countries, Minnesota would be the 53rd biggest economy in the world with a GDP of $412 billion in 2021, according to the U.S. Bureau of Economic Analysis. This means that the state's GDP is bigger than Egypt, Denmark and Singapore. 27 companies headquartered in Minnesota are in the Fortune 500. Currently, Minnesota is a major contributor to agriculture in the U.S. and is the country's biggest producer of green peas, sweet corn and sugar beets and is home to major food processing companies which then turn crops into the finished product.
While Minnesota's economy has evolved, some industries which have dominated the last couple of centuries are still important contributors to the economy of the the state such as forestry. Further, even though iron ores are mostly depleted in a state which produced a large portion of total iron production in the world, taconite mining is still an important contributor to Minnesota's economy. Retail is another industry which has maintained a strong presence and some of the most popular retail chains in addition to being among the biggest retailers in the country, with thousands of locations maintained across the country.