Economy in Ohio

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

Real GDP (chained 2017 dollars)
$738,487,000,000
2025 · BEA
Real GDP growth
2.4%
2025 · Annual % change in BEA real GDP
Per capita personal income
$67,584
2025 · BEA
Median household income (CPS)
$85,150
2025 · Census CPS ASEC
Poverty rate, all ages (SAIPE)
12.6%
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)
$976,872,000,000
2025 · BEA
Government jobs
794,567
2025 · BLS Current Employment Statistics

GDP

Total economic output.

Real GDP (chained 2017 dollars)
$738,487,000,000
2025 · BEA
Rank
7th in the U.S.
Share of U.S. GDP
3.1%

Real GDP (chained 2017 dollars)

1997–2025
$738,487,000,000▲ 47%

BEA, chained 2017 dollars (FRED OHRGSP).

IndicatorOhioU.S.
GDP (USD B)2024, BEA92129200
  • •If Ohio were a country its economy would rank around 20th in the world.

GDP Growth

Real growth of output.

Real GDP growth
2.4%
2025 · Annual % change in BEA real GDP
5-year average
+1.7%
Trend
Moderate

Real GDP growth

1998–2025
2.4%

Annual % change in BEA real GDP (OHRGSP).

IndicatorOhioU.S.
Real GDP growth (%)2024, BEA2.12.8

Personal Income

Income per resident.

Per capita personal income
$67,584
2025 · BEA
Personal income per capita
$61,200
Rank
29th in the U.S.

Per capita personal income

1970–2025
$67,584▲ 1534%

BEA, current dollars (FRED OHPCPI).

IndicatorOhioU.S.
Personal income per capita (USD)2024, BEA6120069800

Median Household Income

Typical household income.

Median household income (CPS)
$85,150
2025 · Census CPS ASEC
Median household income
$69,680
2023
Rank
36th in the U.S.
5-year change
+21%

Median household income (CPS)

1984–2025
$85,150▲ 268%

Census CPS ASEC, current dollars (FRED MEHOINUSOHA646N).

IndicatorOhioU.S.
Median household income (USD)2023, ACS6968077719

Poverty Rate

Share living below the poverty line.

Poverty rate, all ages (SAIPE)
12.6%
2024 · Census Small Area Income and Poverty Estimates
Poverty rate
13.4%
Child poverty
18.1%

Poverty rate, all ages (SAIPE)

1989–2024
12.6%

Census Small Area Income and Poverty Estimates (FRED PPAAOH39000A156NCEN).

IndicatorOhioU.S.
Poverty rate (%)2023, ACS13.412.5

Inflation

Consumer price change.

CPI inflation, U.S.
2.9%
2024 · BLS CPI-U U.S. city average
CPI inflation, Midwest region
2.8%
2025 · BLS CPI-U all items
CPI change
+2.9%
2024, Midwest
Shelter inflation
+4.2%
Food inflation
+2.1%

CPI inflation, U.S.

2007–2024
2.9%

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

CPI inflation, Midwest region

2007–2025
2.8%

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

IndicatorOhioU.S.
CPI change (%)2024, BLS2.93.0

Economic Output

Output per resident and worker.

Nominal GDP (current dollars)
$976,872,000,000
2025 · BEA
GDP per capita
$77,500
Output per worker
$164,700
Rank
27th in the U.S.

Nominal GDP (current dollars)

1997–2025
$976,872,000,000▲ 184%

BEA, current dollars (FRED OHNGSP).

IndicatorOhioU.S.
GDP per capita (USD)2024, BEA7750087200

Industry Breakdown

Composition of the economy.

Government jobs
794,567
2025 · BLS Current Employment Statistics
Manufacturing jobs
677,483
2025 · BLS Current Employment Statistics
Construction jobs
258,558
2025 · BLS Current Employment Statistics
Manufacturing
16.5% of GDP
Finance & insurance
12.8%
Healthcare
9.1%

Government jobs

1990–2025
794,567▲ 10%

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

Manufacturing jobs

1990–2025
677,483▼ 36%

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

Construction jobs

1990–2025
258,558▲ 34%

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

IndicatorOhioU.S.
Manufacturing share of GDP (%)2024, BEA16.510.2
  • •Ohio is home to 26 Fortune 500 headquarters, sixth-most of any state.

More figures

GDP
$921 B
7th in the U.S.
GDP per capita
$77,500
Unemployment rate
4.5%
2024
Median annual wage
$47,930
Fortune 500 HQs
26 companies
6th in the U.S.
Leading sector
Manufacturing