What is the gross domestic product (GDP) in Carroll County, IN?
Refreshed annually
About $727.7 million in 2024. Gross domestic product (GDP) measures the value of goods and services a country, state, or county produces — it's the sum of consumer spending, business investment, government spending, and net exports. It is often used to quantify the size of an economy. The $727.7 million is the "real GDP," which is adjusted to account for inflation to make it easier to compare the size of an economy over time.
$728M
Real GDP (2024)
-0.77%
Change in real GDP (2023 to 2024)
Changes in spending and investment cause the GDP to fluctuate.
As of 2024, real GDP was $727.7M in Carroll County. This was 0.77% lower than in 2023.
Real GDP decreased from 2023 to reach $727.7 million in 2024.
Real GDP in Carroll County, IN, adjusted for inflation (chained 2017 dollars)
Which industry contributes the most to Carroll County's GDP?
The GDP can also be broken down and compared across industries — useful, as different industries experience different economic pressures.
The real estate and rental and leasing industry contributed the most to the GDP of Carroll County in 2024, generating a value of $62.9 million. It was followed by government and government enterprises ($51 million) and construction ($30.1 million).
The professional and business services industry grew the most, with a 2024 GDP that was 2.2 times the 2014 GDP.
In 2024, the real estate and rental and leasing industry contributed the most to GDP in Carroll County, IN.
Real gross domestic product by industry in Carroll County, IN, chained 2017 dollars
What is Carroll County's GDP per person?
Another way to understand a population's standard of living is by taking the GDP and dividing it by the total number of people in the population. This figure offers insight into the average economic output per individual. When the GDP per person goes up, it suggests that individuals are becoming wealthier and/or resources are being used more efficiently. This helps economists understand whether economic growth is outpacing population growth.
In 2024, GDP per person was $35,139, down 1.5% from 2023.
In 2024, real GDP was equivalent to $35,100 per person.
Real gross domestic product per person in Carroll County, IN, chained 2017 dollars
GDP and the economic experience vary by location due to factors like cost of living, population density, workforce education, and the leading industries in the area.
In 2024, Carroll County's real (that is, inflation-adjusted) GDP per person was 64th highest out of Indiana's 92 counties. Counties with a similar standard of living include Dearborn County (63rd) and Johnson County (65th).
In 2024, Carroll County, IN was ranked 64 in Indiana for GDP per person.
Real gross domestic product per person in Indiana by county
Keep exploring
Methodology
USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.
Page sources
USAFacts endeavors to share the most up-to-date information available. We sourced the data on this page directly from government agencies; however, the intervals at which agencies publish updated data vary.
