Chicago metro area - GDP 2001-2018

This graph shows the GDP of the Chicago metro area from 2001 to 2018. In 2018, its GDP amounted to 611.59 billion chained 2012 U.S. dollars.

The GDP of the United States since 1990 can be accessed here.

Additional information on economic growth and unemployment in Chicago

Economic growth in Chicago, measured by the growth in Gross Domestic Product (GDP), was significant in the years between 2001 and 2018. This growth occurred in a period of growth for cities nationally as seen by growth of other major American cities such as Los Angeles and San Francisco. In contrast to Chicago’s growth, San Francisco’s growth rate demonstrated the effect of a new and booming industry. The influence of technology and internet companies saw San Francisco grow nearly 68 percent in comparison to the 47 percent growth in GDP achieved by Chicago. As a result, Chicago-Naperville-Elgin ranked third in Gross Metropolitan Product of the United States, by metropolitan area.
Despite strong economic growth in Chicago largely being regarded as a positive thing for the area, the concentration of that GDP growth may be called into question. Illinois, the state within with Chicago is located, ranks poorly in both youth and long-term unemployment. Youth unemployment was equal to 18.5 percent in 2012, while long-term unemployment was 40.3 percent in 2014. However, these numbers were similar in states such as California and New York which house the other major economic metropolitan areas. As such, the challenge to turn positive GDP trends into decreases in unemployment through the creation of new jobs is one faced by policymakers across the United States.

GDP of the Chicago metro area from 2001 to 2018

GDP in billion chained 2012 U.S. dollars
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Source

Release date

December 2019

Region

United States

Survey time period

2001 to 2018

Supplementary notes

The Chicago metropolitan area, or Chicagoland as it is commonly called, is the metropolitan area associated with the city of Chicago, Illinois and its suburbs. It is the area that is closely linked to the city through social, economic, and cultural ties. There are several definitions of the area, including the definition by the United States census bureau, the area defined by the Office of Management and Budget (OMB) as the Chicago-Joliet-Naperville, IL-IN-WI Metropolitan Statistical Area (MSA), and the area under the jurisdiction of the Chicago Metropolitan Agency for Planning (a metropolitan planning organization). The metropolitan Chicago population (CSA) is over 9.9 million people.

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Statistics on "Gross Domestic Product (GDP) of the U.S."

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