Indiana GDP Equals National Rate
Indiana's economic growth is in line with the national average. A U.S. Department of Commerce Bureau of Economic Analysis report shows Indiana's 2016 Gross Domestic Product increased 1.5 percent over 2015, the same as the national economic growth rate.
Of the neighboring states, Indiana outpaced the growth rate of Kentucky at 1.3 percent and Illinois at 0.9 percent. Michigan and Ohio had higher rates at 1.8 percent and 1.7 percent, respectively.
Real GDP grew in 43 states and the District of Columbia, with Washington having the highest growth at 3.7 percent. North Dakota had the largest decline at -6.5 percent.
The BEA says sectors with the highest growth include information services (6.4 percent), professional, scientific, and technical services (3.3 percent) and healthcare and social assistance (3.0 percent). You can view figures for the full year 2016 and the fourth quarter by clicking here.
You can view each state's GDP increase or decline in the map below: