U.S. GDP RANK #5 · IL 4.04% OF U.S. GDP
Illinois Economy: GDP, Income, Jobs & Housing
In 2025, Illinois (IL) generated $1,241.0 billion in nominal Gross Domestic Product (4.04% of the U.S. economy, ranked #5 nationwide) and $948.0 billion in real chained 2017 dollars. Per-capita personal income stood at $78,987 across a resident population of 12.72 million.
2025 Nominal GDP
$1,241.0B
U.S. Rank #5
Real GDP Growth
+2.57% 5Y Real: +16.2%
Per-Capita Income $78,987 BEA Personal Income
Avg Wage / Job $81,719 8.20M total jobs
Population 12.72M
10Y: +-1.9%
5Y Home Price
+49.3% FHFA Index: 535.2
BEA & FHFA REGIONAL SERIES · 1997-2025
Illinois GDP, Per-Capita Income & House Price Trajectory
Illinois Historical Economic Ledger (1997-2025)
| Year | Nominal GDP ($B) | Real GDP ($B) | Real YoY % | Per-Capita Inc | Avg Wage/Job | Jobs (M) | FHFA HPI |
|---|---|---|---|---|---|---|---|
| 2025 | $1,241.0B | $948.0B | 2.57% | $78,987 | $81,719 | 8.20M | 535.2 |
| 2024 | $1,175.8B | $924.3B | 2.40% | $75,507 | $78,889 | 8.15M | 502.0 |
| 2023 | $1,118.2B | $902.6B | 1.86% | $72,309 | $76,038 | 8.10M | 466.4 |
| 2022 | $1,047.9B | $886.1B | 1.88% | $68,136 | $74,126 | 8.00M | 438.1 |
| 2021 | $960.0B | $869.7B | 6.61% | $66,894 | $71,318 | 7.76M | 390.0 |
| 2020 | $866.5B | $815.8B | -4.96% | $61,602 | $67,512 | 7.53M | 358.5 |
| 2019 | $896.2B | $858.4B | 0.82% | $57,740 | $62,847 | 7.86M | 348.3 |
| 2018 | $871.0B | $851.4B | 2.24% | $56,073 | $61,244 | 7.88M | 338.8 |
| 2017 | $832.8B | $832.8B | 0.78% | $53,051 | $59,216 | 7.83M | 331.6 |
| 2016 | $813.6B | $826.4B | 0.12% | $51,341 | $57,609 | 7.81M | 323.8 |
| 2015 | $802.6B | $825.4B | 1.72% | $50,681 | $57,042 | 7.75M | 314.4 |
| 2014 | $772.3B | $811.5B | 2.02% | $48,526 | $55,155 | 7.61M | 303.7 |
| 2013 | $742.9B | $795.4B | 0.60% | $46,725 | $53,662 | 7.50M | 294.9 |
| 2012 | $725.5B | $790.7B | 2.40% | $45,923 | $53,140 | 7.43M | 294.2 |
| 2011 | $691.8B | $772.2B | 2.23% | $44,059 | $51,736 | 7.38M | 299.8 |
| 2010 | $663.9B | $755.4B | 1.97% | $42,093 | $50,220 | 7.25M | 315.2 |
| 2009 | $645.8B | $740.8B | -2.41% | $41,080 | $49,042 | 7.30M | 332.3 |
| 2008 | $649.7B | $759.1B | -1.36% | $43,238 | $49,430 | 7.55M | 356.2 |
| 2007 | $649.3B | $769.6B | 1.28% | $42,148 | $48,288 | 7.58M | 370.8 |
| 2006 | $624.1B | $759.8B | 2.51% | $40,021 | $46,158 | 7.45M | 365.5 |
| 2005 | $589.2B | $741.2B | 2.08% | $37,720 | $44,165 | 7.33M | 346.0 |
| 2004 | $560.1B | $726.1B | 3.21% | $36,366 | $42,701 | 7.24M | 317.8 |
| 2003 | $528.6B | $703.5B | 1.61% | $35,081 | $40,905 | 7.19M | 293.3 |
| 2002 | $511.5B | $692.4B | 0.58% | $34,520 | $39,948 | 7.22M | 278.4 |
| 2001 | $499.6B | $688.4B | 0.19% | $34,206 | $39,135 | 7.31M | 262.2 |
| 2000 | $486.1B | $687.1B | 3.50% | $33,072 | $37,949 | 7.36M | 247.3 |
| 1999 | $460.0B | $663.9B | 3.79% | $30,958 | $36,184 | 7.22M | 232.7 |
| 1998 | $436.5B | $639.6B | 3.28% | $29,873 | $34,568 | 7.14M | 223.8 |
| 1997 | $416.0B | $619.3B | - | $28,360 | $32,889 | 6.98M | 216.8 |