Department of Numbers

Illinois GDP

Illinois GDP was $938,347,000,000 in 2021 according to BEA data. Illinois GDP represents 4.08% of US GDP which made it the 5th largest state economy in the nation in 2021.

Show dollars as: Nominal Real

Real GDP (2021 Dollars) in Illinois

2021
(Billions)
1 Year Change 3 Year Change 5 Year Change
Illinois $938.347 +4.96% +0.81% +3.86%

Trends in Illinois Real GDP

Over the 5 years ending in 2021 the Illinois economy grew in real terms by 3.86% at a compound annual growth rate of 0.76% per year. Illinois GDP was at its highest in 2019 when it reached $938.668 bn. It is now $0.321 bn (0.03%) lower.

Real GDP (2021 Dollars): Illinois

Historical Real GDP (2021 Dollars) data for Illinois

Date Illinois
(Billions)
2021 $938.347
2020 $894.031
2019 $938.668
2018 $930.831
2017 $908.618
2016 $903.440
2015 $904.450
2014 $880.867
2013 $862.169
2012 $859.839
2011 $835.503

more history ...

Illinois GDP Components: Per-Capita GDP & Popuation

Illinois per-capita GDP was $74,052 in 2021. which is $4,831 higher than the US per-capita GDP.

Show dollars as: Nominal Real

Real GDP (2021 Dollars) in Illinois

2021 1 Year Change 3 Year Change 5 Year Change
US Per-Capita GDP $69,221 +5.53% +3.34% +7.37%
Illinois Per-Capita GDP $74,052 +5.90% +1.23% +5.10%
Illinois Population 12,671,469 -0.89% -0.42% -1.17%

Trends Real in Illinois Real Per-Capita GDP & Population

Real Illinois per-capita GDP is 5.10% higher today than 5 years prior in 2016. In that time the population in Illinois shrank by 150,240 (-1.17%) people. The per-capita GDP growth plus the population decline are approximatly equal to the GDP growth Illinois shown above.

Real Per-Capita GDP (2021 Dollars): Illinois, National

Historical Real Per-Capita GDP (2021 Dollars) and Population data for Illinois

Date US Per-Capita GDP Illinois Per-Capita GDP Illinois Population
2021 $69,221 $74,052 12,671,469
2020 $65,595 $69,927 12,785,245
2019 $68,164 $74,103 12,667,017
2018 $66,987 $73,152 12,724,685
2017 $65,472 $71,097 12,779,893
2016 $64,472 $70,462 12,821,709
2015 $63,906 $70,333 12,859,585
2014 $62,711 $68,363 12,885,092
2013 $61,792 $66,857 12,895,778
2012 $61,132 $66,742 12,883,029
2011 $60,234 $64,930 12,867,783

more history ...