Civilian Labor Force ... Consumer spending, Employment, Industry price indexes, Pay, Unemployment.
Real Illinois GDP, at $692.453 bn in 2016, is at the highest level recorded to date. One Federal Reserve Bank Plaza, This represents 6.8 percent of the entire U.S. insurance industry placing it third in the entire nation.
The US average is 3.9%.
BEA is speeding up the release of its industry and state GDP statistics to coordinate more closely with the quarterly estimates of national GDP. ALFRED Vintage Series
Federal Reserve Bank of St. Louis; Graph and download economic data for Total Gross Domestic Product by Industry for Illinois (ILNQGSP) from Q1 2005 to Q1 2020 about IL, GSP, industry, GDP, and USA. Economy in Lincoln, Illinois. The Chicago region is home to a diverse economy in which no single industry dominates. Are you sure you want to remove this series from the graph? https://fred.stlouisfed.org/series/ILNQGSP, With an accommodating yearly rainfall and the accessibility to over 39,000 acres of surface water reservoirs throughout the region, water supply is a premium attribute. Federal Reserve Bank of St. Louis, Despite the recent economic shutdown caused by the coronavirus, the cannabis industry has proven recession-proof, thanks to state governments giving special permission to … Illinois Economy at a Glance: Illinois; Data Series Back Data Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020 June 2020; Labor Force Data. Trends in Illinois Real GDP. The insurance industry in Illinois contributes 4.2 percent of the GDP to the state of Illinois.
Illinois is the nation's second leading exporter of soybeans, corn, feed grains and related products. "Illinois' unemployment rate rises to 6.6 percent in April". This can not be undone. Lincoln has seen the job market increase by 0.5% over the last year. Tracking the region's overall productivity, employment levels, and personal income provides insight into the resiliency of the region's economy and the well-being of its residents.
Total Gross Domestic Product by Industry for Illinois [ILNQGSP], Lincoln has an unemployment rate of 4.4%. The map below shows counties with manufacturing, government, real estate, mining, and agriculture as their predominant industry.
The second strongest category in Illinois’ economy is the manufacturing industry. July 31, 2020. St. Louis, MO 63102 Starting Sept. 30, industry GDP statistics will be issued on the same day – and in the same news release – as the third estimate of national GDP. The economy of Illinois is the fifth largest by GDP in the United States and one of the most diversified economies in the world. This Graph and download economic data for Total Gross Domestic Product for Chicago-Naperville-Elgin, IL-IN-WI (MSA) (NGMP16980) from 2001 to 2018 about Chicago, IN, WI, IL, industry, GDP… Over the 5 years ending in 2016 the Illinois economy grew in real terms by 5.17% at a compound annual growth rate of 1.01% per year. retrieved from FRED,
The building of machinery makes up the largest portion of this, which includes assembling construction equipment, farm machinery, and machine tools. The next closest industry was agriculture, forestry, fishing and hunting which was the top contributor to GDP in only 209 counties — and only accounting for a national total of $138.4 billion. U.S. Bureau of Economic Analysis,
In fact, Illinois is known as a major manufacturing leader in the entire country, Netstate.com said. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%. The insurance industry in Illinois contributes 4.8 percent of the GDP to the state of Illinois. Manufacturing in Illinois accounts for 14% of the state's total output and generates $101 billion in economic activity.The centralized location of Illinois made it a key manufacturing hub, especially for The Chicago area, meanwhile, began to produce significant quantities of telecommunications gear, electronics, steel, automobiles, and industrial products.As of 2004, the leading manufacturing industries in Illinois, based upon value-added, were chemical manufacturing ($16.6 billion), food manufacturing ($14.4 billion), machinery manufacturing ($13.6 billion), fabricated metal products ($10.5 billion), plastics and rubber products ($6.8 billion), transportation equipment ($6.7 billion), and computer and electronic products ($6.4 billion).Illinois currently ranks second in the Midwest for total installed renewable power capacity and fifth nationally for installed wind power capacity.By the early 2000s, Illinois's economy had moved toward a dependence on high-value-added services such as financial trading, In 2018, Illinois set a new tourism record with 117 million tourists which represented a 3 million person increase from the previous year.The Institute of Government and Public Affairs at the Eljalde Ruiz, Alexia (19 May 2016). The insurance industry GDP in 2010 was $27.47 billion.