Indiana is also the 2nd largest auto manufacturing state. Indiana’s other manufactures include pharmaceuticals and medical devices, automobiles, electrical equipment, transportation equipment, chemical products, rubber, petroleum and coal products, and factory machinery.
Economy of Indiana.
| Statistics | |
|---|---|
| Expenses | $13,036 million |
What is Indiana’s biggest industry?
In Indiana, chemical manufacturing is the largest industry, accounting for 6.1% of the state’s total GDP of $379.7 billion. The industry’s annual economic output totals $23.3 billion, a 15.6% increase over the last five years. Overall employment in the industry totals about 31,600, or 1.0% of all jobs in Indiana.
What is Indiana known to produce?
In Indiana agriculture, corn and soybeans are at the top of the list. These two cash crops make up approximately 60 percent of the agricultural products sold in Indiana. In a typical year, almost half of the cropland in Indiana is corn.
How is Indiana doing economically?
Overview of the Indiana Economy
Indiana’s gross state product (GSP) in 2019 reached $332.0bn, with growth of 1.1% over the 5-years to 2019. Businesses in Indiana employed a total of 24.2 million in 2018, with average annual employment growth of 2.6%.
Is Indiana poor or rich?
Indiana has the third-lowest poverty rate in the nation, according to the U.S. Census Bureau (see Figure 1).
Who is the largest employer in Indiana?
Go Electric
Detailed List Of The 100 Biggest Companies In Indiana
| Rank | Company | Employees |
|---|---|---|
| 1 | Go Electric | 283,000 |
| 2 | Anthem | 63,900 |
| 3 | Cummins | 62,600 |
| 4 | Eli Lilly and Company | 40,655 |
What is Indiana’s biggest economic activity?
Services. In the early 21st century the services sector, including trade, had clearly arisen as the largest segment of Indiana’s economy, in terms of both income and employment.
What is the most common job in Indiana?
Customer Service Representative
Detailed List Of The Most Common Jobs In Indianapolis, IN
| Rank | Job Title | Count |
|---|---|---|
| 1 | Customer Service Representative | 8,677 |
| 2 | Cashier | 8,517 |
| 3 | Sales Associate | 4,562 |
| 4 | Internship | 3,827 |
What industries are big in Indiana?
Indiana is also the 2nd largest auto manufacturing state. Indiana’s other manufactures include pharmaceuticals and medical devices, automobiles, electrical equipment, transportation equipment, chemical products, rubber, petroleum and coal products, and factory machinery.
Is Indiana a good farming state?
Indiana is ranked 10th in national total agricultural production and is known for its agricultural diversity. That state ranks: 1stin commercial duck production, wood office furniture and kitchen cabinet manufacturing. 2nd in popcorn production, ice cream production, chickens, total eggs produced and cover crops.
Is Indiana a depressing state?
May is Mental Health Awareness month. According to the National Alliance on Mental Illness, one in five adults have symptoms of a mental illness nationally.
Does Indiana have a strong economy?
Economic Outlook Rank
Indiana is currently ranked 7th in the United States for its economic outlook. This is a forward-looking forecast based on the state’s standing (equal-weighted average) in 15 important state policy variables. Data reflect state and local rates and revenues and any effect of federal deductibility.
How many are unemployed in Indiana?
Indiana
| Data Series | Jan 2022 | Apr 2022 |
|---|---|---|
| Unemployment Rate(2) | 2.4 | 2.2 |
| Nonfarm Wage and Salary Employment | ||
| Total Nonfarm(3) | 3,150.7 | 3,173.1 |
| 12-month % change | 3.3 | 3.7 |
What is the poorest US state?
Poverty rates were highest in the states of Mississippi (19.58%), Louisiana (18.65%), New Mexico (18.55%), West Virginia (17.10%), Kentucky (16.61%), and Arkansas (16.08%), and they were lowest in the states of New Hampshire (7.42%), Maryland (9.02%), Utah (9.13%), Hawaii (9.26%), and Minnesota (9.33%).
What is the richest US state?
Richest U.S. States by GDP
- 1. California. California, the nation’s most populous state, has the largest state GDP of $3,120,386,000. California’s median household income is $80,440, the sixth-highest in the U.S.
- Texas.
- New York.
- Florida.
- Illinois.
What is the poorest city in Indiana?
Knox
Indiana: Knox
Knox is a small northern Indiana town of 3,500. The poorest town in the state, Knox has a median annual household income of $33,709, about $18,500 less than the median income across the state as a whole. Real estate values are often indicative of what area residents can afford.
What is the main industry in Indianapolis?
Advanced Manufacturing and Logistics
The Indianapolis region is built for makers and movers. Our advanced manufacturing industry is the second largest industry sector in the U.S. by GDP and overall production.
What Fortune 500 companies are based in Indianapolis?
Best Companies In Indianapolis, IN
| Rank | Company | Zippia Score |
|---|---|---|
| 1 | Eli Lilly and Company | 4.9 |
| 2 | Anthem | 4.8 |
| 3 | Simon Property Group | 4.8 |
How is the economy in Indianapolis?
Overall job growth was decent in 2021 relative to a depressed 2020 economy, but employment still trails pre-pandemic levels in a number of sectors. Manufacturing bounced back in 2021, but the number of manufacturing jobs in the Indianapolis MSA is the same as it was in 2019.
What are the top three industries in Indiana?
The Biggest Industries In Indiana
- Energy Sector. The principal source of power in Indiana is fossil fuels, particularly coal.
- Pharmaceuticals And Medical Devices. Indiana is one of the leading manufacturers of pharmaceuticals in the U.S. and home to the international headquarters of Eli-Lilly.
- Mining.
- Transportation.
How much money does Indiana make?
INDIANAPOLIS — The Indiana State Budget Committee heard testimony Thursday that the state’s revenue is $3.3 billion above forecasts for the current budget cycle. The state is projected to see reserves of $5.1 billion at the end of fiscal year 2022 and $4.1 billion in the next fiscal year.