In 2022, the GDP of the Chicago-Naperville-Elgin metropolitan area amounted to 705.66 billion chained 2017 U.S. dollars.
The GDP of the United States since 1990 can be accessed here.
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 2022. 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 in 2022.
The drop in GDP output in 2020 can be attributed to the COVID-19 pandemic.
GDP of the Chicago metro area in the United States from 2001 to 2022
(in billion chained 2017 U.S. dollars)
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.
Data between 2001 and 2016 are in 2012 U.S. dollars. The following years are in chained 2017 U.S. dollars.
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BEA. (December 7, 2023). GDP of the Chicago metro area in the United States from 2001 to 2022 (in billion chained 2017 U.S. dollars) [Graph]. In Statista. Retrieved November 03, 2024, from https://www.statista.com/statistics/183827/gdp-of-the-chicago-metro-area/
BEA. "GDP of the Chicago metro area in the United States from 2001 to 2022 (in billion chained 2017 U.S. dollars)." Chart. December 7, 2023. Statista. Accessed November 03, 2024. https://www.statista.com/statistics/183827/gdp-of-the-chicago-metro-area/
BEA. (2023). GDP of the Chicago metro area in the United States from 2001 to 2022 (in billion chained 2017 U.S. dollars). Statista. Statista Inc.. Accessed: November 03, 2024. https://www.statista.com/statistics/183827/gdp-of-the-chicago-metro-area/
BEA. "Gdp of The Chicago Metro Area in The United States from 2001 to 2022 (in Billion Chained 2017 U.S. Dollars)." Statista, Statista Inc., 7 Dec 2023, https://www.statista.com/statistics/183827/gdp-of-the-chicago-metro-area/
BEA, GDP of the Chicago metro area in the United States from 2001 to 2022 (in billion chained 2017 U.S. dollars) Statista, https://www.statista.com/statistics/183827/gdp-of-the-chicago-metro-area/ (last visited November 03, 2024)
GDP of the Chicago metro area in the United States from 2001 to 2022 (in billion chained 2017 U.S. dollars) [Graph], BEA, December 7, 2023. [Online]. Available: https://www.statista.com/statistics/183827/gdp-of-the-chicago-metro-area/
