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Economic Summary of Illinois

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The GDP for Illinois was $695 billion in 2012[1]. Illinois had an estimated population of as in 2012[2]. The GDP per capita of Illinois was $46,151 in 2012[3].

Counties

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There are 102 counties in Illinois[4]. Below are the top ten counties ranked by population 2010

Rank Locality Population 2010
1 Cook 5,194,675
2 DuPage 916,924
3 Lake 703,462
4 Will 677,560
5 Kane 515,269
6 McHenry 308,760
7 Winnebago 295,266
8 St. Clair 270,056
9 Madison 269,282
10 Champaign 201,081

Cities

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Top 10 cities in Illinois by estimated city proper population in 2010.[5]

Rank City Locality Population 2010
1 Chicago 2,695,598
2 Aurora 197,899
3 Rockford 152,871
4 Joliet 147,433
5 Naperville 141,853
6 Springfield 116,250
7 Peoria 115,007
8 Elgin 108,188
9 Waukegan 89,078
10 Cicero 83,891

Industries

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Illinois industries by GDP 2012.[6]

Industry GDP value added $ billions 2012 % of total GDP
Real estate and rental leasing 85.61 12.31%
Government 69.80 10.04%
Finance and insurance 67.20 9.67%
Professional, scientific, and technical services 59.85 8.61%
Durable manufacturing 49.26 7.09%
Health care and social assistance 48.80 7.02%
Wholesale trade 48.53 6.98%
Non-durable manufacturing 43.12 6.20%
Retail trade 40.37 5.80%
Transportation and warehousing 25.45 3.66%
Information 23.22 3.33%
Administrative and waste support services 22.35 3.21%
Construction 21.33 3.07%
Accommodation and food services 19.54 2.81%
Other private services 17.62 2.53%
Management of companies and enterprises 16.63 2.39%
Utilities 13.17 1.89%
Educational services 9.74 1.40%
Arts, entertainment, and recreation 5.97 0.86%
Agriculture, forestry, fishing and hunting 5.78 0.83%
Mining 1.95 0.28%

Employment

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Illinois employment by industry in June 2013[7]

Industry Employment thousands June 2013 Percent of total employment
Trade, transportation and utilities 1,160.2 20.05%
Professional & business services 882.5 15.25%
Education & health services 881.9 15.24%
Government 820.0 14.17%
Manufacturing 578.2 10.00%
Leisure & hospitality 540.0 9.33%
Financial activities 373.6 6.46%
Other services 252.5 4.36%
Construction 186.6 3.22%
Information 99.9 1.73%
Mining and logging 10.4 0.18%
Total non-farm 5,785.8 100%

Corporations

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Top 10 Illinois based corporations by revenue in 2012[8]

Rank Corporation Revenue $ millions 2012 Profit $ millions 2012 Assets 2012 Debt Ratio 2012 Headquarters Employees 2012 Market cap 3/29/12 $ billions Industry
1 Archer Daniels Midland 80,676 Decatur
2 Walgreen 72,184 Deerfield
3 Boeing 68,735 Chicago
4 State Farm Insurance 64,305 Bloomington
5 Caterpillar 60,138 Peoria
6 Kraft Foods 54,365 Northfield
7 Sears Holdings 41,567 Hoffman Estates
8 Abbott Laboratories 38,851 Abbott Park
9 United Continental Holdings 37,110 Chicago
10 Allstate 32,654 Northbrook

Government Finances

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In 2011, the state government of Illinois had total revenue of 80.69 billion. Total expenditures were billion.[9]

The total debt outstanding in 2011 was 64,801 billion[10] (9.32% of GDP[11]).

The total cash and security holdings in 2011 was 123,283 billion[12].

Revenue by Source $ millions Percent of revenue
Insurance trust revenue 21,310 26.42%
Intergovernmental revenue from Federal Government 19,218 23.83%
Insurance trust expenditure 15,151 20.29%
Sales and gross receipts 13,613 16.88%
Individual income tax 11,225 13.92%
Charges and miscellaneous general revenue 9,182 11.38%
Corporate income tax 3,024 3.75%
Motor vehicle license 1,608 1.99%
Other taxes 1,077 1.34%
Intergovernmental revenue from local governments 368 0.46%
Property taxes 58 0.07%
Utility revenue 0 0%
Liquor store revenue 0 0%
Total 80,658 100%
Expenditure $ millions Percent of expenditure
Public welfare 17,808 23.85%
Intergovernmental expenditure 15,711 21.04%
Education 7,389 9.90%
Libraries 4,662 6.24%
Highways 4,318 5.78%
Police protection 401 5.37%
Judicial and legal 360 4.82%
Interest on general debt 3,257 4.36%
Other and unallocable 3,456 4.53%
Health 2,089 2.80%
Correction 1,513 2.03%
Hospitals 1,183 1.58%
Financial administration 663 0.89%
Housing and community development 397 0.53%
Natural resources 209 0.27%
Employment security administration 150 0.20%
Protective inspection and regulation 150 0.20%
General public buildings 128 0.17%
Other governmental administration 101 0.14%
Parks and recreation 78 0.10%
Veterans' services 66 0.09%
Sewerage 23 0.03%
Solid waste management 25 0.03%
Air transport 23 0.03%
Parking facilities 0 0%
Miscellaneous commercial activities 0 0%
Fire protection 0 0%
Sea and inland port facilities 0 0%
Utility expenditure 0 0%
Liquor store expenditure 0 0%
Total 74,655 100%

Financial Institutions

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Top ten banks by assets in Illinois[13]

Rank Bank Assets $ millions 3/31/13 Profit $ millions _____ Headquarters Employees
1 Northern Trust Corporation 93,157 Chicago
2 Discover Financial Services 76,139 Riverwoods
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References

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https://meta.wikimedia.org/wiki/Global_Economic_Map