Economy in Illinois

GDP, income, output and the industries that drive the economy.

Real GDP (chained 2017 dollars)
$948,029,000,000
2025 · BEA
Real GDP growth
2.6%
2025 · Annual % change in BEA real GDP
Per capita personal income
$78,987
2025 · BEA
Median household income (CPS)
$93,270
2025 · Census CPS ASEC
Poverty rate, all ages (SAIPE)
11.5%
2024 · Census Small Area Income and Poverty Estimates
CPI inflation, U.S.
2.9%
2024 · BLS CPI-U U.S. city average
Nominal GDP (current dollars)
$1,240,983,000,000
2025 · BEA
Government jobs
852,833
2025 · BLS Current Employment Statistics

GDP

Total state economic output.

Real GDP (chained 2017 dollars)
$948,029,000,000
2025 · BEA
Rank
5th in the U.S.
Share of U.S. GDP
3.8%

Real GDP (chained 2017 dollars)

1997–2025
$948,029,000,000▲ 53%

BEA, chained 2017 dollars (FRED ILRGSP).

IndicatorIllinoisU.S.
GDP (trillions)2024, BEA1.0929.0
  • •If Illinois were a country, its economy would rank among the world's 20 largest.

GDP Growth

Annual real GDP growth.

Real GDP growth
2.6%
2025 · Annual % change in BEA real GDP
5-year average
1.6%
GDP per capita
$85,900

Real GDP growth

1998–2025
2.6%

Annual % change in BEA real GDP (ILRGSP).

Personal Income

Per capita personal income.

Per capita personal income
$78,987
2025 · BEA
Rank
11th in the U.S.
Annual change
+4.6%

Per capita personal income

1970–2025
$78,987▲ 1605%

BEA, current dollars (FRED ILPCPI).

Median Household Income

Median income per household.

Median household income (CPS)
$93,270
2025 · Census CPS ASEC
Median household income
$80,300
2023
Rank
15th in the U.S.
Chicago metro
$88,900

Median household income (CPS)

1984–2025
$93,270▲ 293%

Census CPS ASEC, current dollars (FRED MEHOINUSILA646N).

IndicatorIllinoisU.S.
Median household income2023, ACS$80,300$77,700

Poverty Rate

Share of residents below the poverty line.

Poverty rate, all ages (SAIPE)
11.5%
2024 · Census Small Area Income and Poverty Estimates
Poverty rate
11.6%
2023
Child poverty
15.4%
Senior poverty
9.1%

Poverty rate, all ages (SAIPE)

1989–2024
11.5%

Census Small Area Income and Poverty Estimates (FRED PPAAIL17000A156NCEN).

IndicatorIllinoisU.S.
Poverty rate2023, ACS11.6%12.5%

Inflation

Consumer price growth.

CPI inflation, U.S.
2.9%
2024 · BLS CPI-U U.S. city average
CPI inflation, Chicago–Naperville–Elgin
3.1%
2025 · BLS CPI-U all items
CPI inflation
2.8%
2024
Chicago area CPI
2.9%
Shelter inflation
4.1%

CPI inflation, U.S.

2007–2024
2.9%

BLS CPI-U U.S. city average, annual average change (CPIAUCNS).

CPI inflation, Chicago–Naperville–Elgin

2007–2025
3.1%

BLS CPI-U all items, Chicago–Naperville–Elgin, annual average change (CUURS23ASA0).

IndicatorIllinoisU.S.
CPI inflation2024, BLS2.8%2.9%

Economic Output

Productivity and business base.

Nominal GDP (current dollars)
$1,240,983,000,000
2025 · BEA
GDP per capita
$85,900
Fortune 500 HQs
34 companies

Nominal GDP (current dollars)

1997–2025
$1,240,983,000,000▲ 198%

BEA, current dollars (FRED ILNGSP).

IndicatorIllinoisU.S.
GDP per capita2024, BEA$85,900$86,600

Industry Breakdown

Output by economic sector.

Government jobs
852,833
2025 · BLS Current Employment Statistics
Manufacturing jobs
568,358
2025 · BLS Current Employment Statistics
Construction jobs
239,725
2025 · BLS Current Employment Statistics
Finance, insurance & real estate
22%
Professional & business services
14%
Manufacturing
12%

Government jobs

1990–2025
852,833▲ 11%

BLS Current Employment Statistics, annual average (FRED ILGOVT).

Manufacturing jobs

1990–2025
568,358▼ 38%

BLS Current Employment Statistics, annual average (FRED ILMFG).

Construction jobs

1990–2025
239,725▲ 7%

BLS Current Employment Statistics, annual average (FRED ILCONS).

IndicatorIllinoisU.S.
Manufacturing share of GDP2024, BEA12%10%

More figures

GDP
$1.09 T
5th in the U.S.
GDP per capita
$85,900
Unemployment rate
4.8%
2024
Median annual wage
$52,180
Fortune 500 HQs
34 companies
4th in the U.S.
Leading sector
Finance, insurance & real estate