Economy in Indiana

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

Real GDP (chained 2017 dollars)
$422,466,000,000
2025 · BEA
Real GDP growth
1.9%
2025 · Annual % change in BEA real GDP
Per capita personal income
$66,455
2025 · BEA
Median household income (CPS)
$76,180
2025 · Census CPS ASEC
Poverty rate, all ages (SAIPE)
12.1%
2024 · Census Small Area Income and Poverty Estimates
CPI inflation, Midwest region
2.8%
2025 · BLS CPI-U all items
Nominal GDP (current dollars)
$542,458,000,000
2025 · BEA
Government jobs
431,525
2025 · BLS Current Employment Statistics

GDP

Total economic output.

Real GDP (chained 2017 dollars)
$422,466,000,000
2025 · BEA
Rank
16th in the U.S.
Share of U.S. GDP
1.7%

Real GDP (chained 2017 dollars)

1997–2025
$422,466,000,000▲ 73%

BEA, chained 2017 dollars (FRED INRGSP).

IndicatorIndianaU.S.
GDP (USD B)49729200
  • •Manufacturing accounts for about 27% of Indiana's GDP, the highest share of any U.S. state — steel in the Calumet region, vehicles and RVs in Elkhart, and pharmaceuticals in Indianapolis.

GDP Growth

Real growth of output.

Real GDP growth
1.9%
2025 · Annual % change in BEA real GDP
Year
2024
Driver
Manufacturing & life sciences

Real GDP growth

1998–2025
1.9%

Annual % change in BEA real GDP (INRGSP).

IndicatorIndianaU.S.
Real GDP growth (%)22.8

Personal Income

Income per resident.

Per capita personal income
$66,455
2025 · BEA
Personal income per capita
$58,500
Rank
36th in the U.S.
Growth
+4.1%

Per capita personal income

1970–2025
$66,455▲ 1627%

BEA, current dollars (FRED INPCPI).

IndicatorIndianaU.S.
Personal income per capita (USD)5850069800

Median Household Income

Typical household income.

Median household income (CPS)
$76,180
2025 · Census CPS ASEC
Median household income
$70,051
Rank
33rd in the U.S.

Median household income (CPS)

1984–2025
$76,180▲ 235%

Census CPS ASEC, current dollars (FRED MEHOINUSINA646N).

IndicatorIndianaU.S.
Median household income (USD)7005178538

Poverty Rate

Share living below the poverty line.

Poverty rate, all ages (SAIPE)
12.1%
2024 · Census Small Area Income and Poverty Estimates
Poverty rate
12.2%
Child poverty
16.1%

Poverty rate, all ages (SAIPE)

1989–2024
12.1%

Census Small Area Income and Poverty Estimates (FRED PPAAIN18000A156NCEN).

IndicatorIndianaU.S.
Poverty rate (%)12.211.1

Inflation

Consumer price change.

CPI inflation, Midwest region
2.8%
2025 · BLS CPI-U all items
CPI inflation, U.S.
2.9%
2024 · BLS CPI-U U.S. city average
CPI change
+2.9%
Region
Midwest urban
Shelter inflation
+4.2%

CPI inflation, Midwest region

2007–2025
2.8%

BLS CPI-U all items, Midwest region, annual average change (CUUR0200SA0).

CPI inflation, U.S.

2007–2024
2.9%

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

IndicatorIndianaU.S.
CPI change (%)2.92.9

Economic Output

Output per resident and worker.

Nominal GDP (current dollars)
$542,458,000,000
2025 · BEA
GDP per capita
$71,800
Rank
29th in the U.S.
Productivity growth
+1.6%

Nominal GDP (current dollars)

1997–2025
$542,458,000,000▲ 217%

BEA, current dollars (FRED INNGSP).

Industry Breakdown

Composition of the economy.

Government jobs
431,525
2025 · BLS Current Employment Statistics
Manufacturing jobs
517,292
2025 · BLS Current Employment Statistics
Construction jobs
175,142
2025 · BLS Current Employment Statistics
Largest sector
Manufacturing
Manufacturing share of GDP
27%
1st in the U.S.
Trade & logistics
14% of GDP

Government jobs

1990–2025
431,525▲ 15%

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

Manufacturing jobs

1990–2025
517,292▼ 15%

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

Construction jobs

1990–2025
175,142▲ 51%

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

  • •Elkhart County builds roughly 80% of all recreational vehicles made in the United States, earning it the nickname RV Capital of the World.

More figures

GDP
$497 B
16th in the U.S.
GDP per capita
$71,800
Unemployment rate
4.2%
2024
Median annual wage
$46,900
Manufacturing share of GDP
27%
1st in the U.S.
Leading sectors
Manufacturing, life sciences & logistics