How much does chicago contribute to illinois economy. Manufacturing, printing, publishing, insurance, transportation, financial trading and services, and food processing also play major roles in the city's economy. Chicago and its suburbs is home to 35 Fortune 500 companies and is a transportation and distribution center. [7] Fueled by the economy of Chicago, the Chicago metropolitan area is home to many of the United States' largest companies, including Abbott Laboratories, AbbVie Inc. 5 percent of total state GDP. Dec 4, 2024 · Graph and download economic data for Total Gross Domestic Product for Chicago-Naperville-Elgin, IL-IN-WI (MSA) (NGMP16980) from 2001 to 2023 about Chicago, WI, IL, IN, industry, GDP, and USA. The total economic output of Chicago in gross metropolitan product totaled US$770. . 40%, which is lower than its long-term average of 7. Real estate, which accounts for $120 billion in Illinois, is greater than the size of Idaho’s entire economy. The Chicago unemployment rate measures the percentage of total employees in Chicago, IL who are a part of the labor force, but without a job. As of July 3, 2024, the unemployment rate for the city of Chicago was 5. 7 billion in 2020, [1][2] surpassing the 6 days ago · Chicago’s spending is up nearly $7 billion—up 62% from 2019—driven in part by massive pension bills and rising personnel expenses. 7%. Some of the dollars generated by these industries end up being Aug 2, 2021 · Illinoisans living outside of Chicago and the collar counties receive a higher return on their state tax dollars – as much as $2. But just how much of Illinois’s GDP does this bustling metropolis actually contribute? Let’s dive into the numbers, shall we? How much does Chicago contribute to Illinois economy? In 2016, the nine counties of the Chicago metropolitan area accounted for 77. 55%. And the healthcare industry in Illinois contributes more to the U. "In downstate Illinois, and Illinois Economic Contribution and Impact Research In 2022, Illinois generated around $29. Jul 13, 2021 · What would happen if Illinois split from Chicago? That's the question researchers at Southern Illinois University Carbondale (SIUC) are asking in a new study. The report will discuss the U. , Allstate, Baxter International, Conagra, Crate The Council Office of Financial Analysis (COFA) is providing a high-level view of the State of the Economy for the Chicago Metro area (Chicago, Naperville, and Arlington Heights). That same year, the value of Illinois’s agricultural production and processing industries represented 3. Sep 4, 2025 · Chicago Area Economic Summary Is Chicago the Engine that Drives Illinois? You’ve probably heard of Chicago, right? The Windy City, home to deep-dish pizza, towering skyscrapers, and apparently, a disproportionate amount of the state’s economy. The conclusion from researchers is that a breakup would cause an economic disaster for downstate, as the Chicago metropolitan area accounts for around 75% of the state's population and economic output. 3% of the state's total wages, with the remaining 93 counties at 22. economy than all of South Dakota. 0 billion in agricultural cash receipts with the highest valued commodities being corn, soybeans, and hogs. 88 for every $1 paid – according to a recent study from Southern Illinois University’s (SIU) Paul Simon Institute. Illinois counties by GDP in 2021 (chained 2012 US$) The economy of Illinois is the fifth largest by GDP in the United States and one of the most diversified economies in the world. The data presented is the most up to date information available. S. Economy, Chicago Economic Indicators, Chicago Labor Markets, Chicago Real Estate Markets, and Chicago Tourism. lmhopr fpe9uh uqqit nobif hgbmb qhxtl 57ch gfc pwmhhk 7bwq