What is the gross domestic product (GDP) in Indiana?
Updated Apr. 8, 2026Refreshed annually
The gross domestic product (GDP) was $412B in 2024. GDP measures the value of goods and services a country or state produces — it’s the sum of consumer spending, business investment, government spending, and net exports. It is often used to quantify the size of its economy. The $412B is the “real GDP,” which is adjusted to account for inflation to make it easier to compare the size of an economy over time.
$412B
Real GDP (2024)
+2.9%
Change in real GDP (2023 to 2024)
Changes in spending and investment cause the GDP to fluctuate.
As of 2024, the real GDP was $412B. This was 2.9% higher than in 2023. 2024’s GDP was the highest to-date.
Real GDP increased from 2023 to reach $412B in 2024.
Real gross domestic product in Indiana, adjusted for inflation (chained 2017 dollars)
The GDP can also be broken down and compared across industries — useful, as different industries experience different economic pressures.
Which industry contributes the most to Indiana’s GDP?
The manufacturing industry contributed the most to Indiana’s GDP in 2024, generating a value of $108.9 billion. It was followed by professional and business services ($43.6B) and real estate, rental, and leasing ($43B).
The professional and business services industry grew the most, with a 2024 GDP that was 1.6 times the 2014 GDP.
In 2024, the manufacturing industry contributed the most to GDP in Indiana.
Real gross domestic product by industry in Indiana, chained 2017 dollars
What is the GDP per capita?
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 capita 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 capita in Indiana was $59,400, up 2.1% from 2023.
In 2024, real GDP was equivalent to $59,400 per person.
Real gross domestic product per capita in Indiana, chained 2017 dollars, 2007–2024
GDP and the economic experience vary by location due to factors like cost of living, population density, workforce education, and the area’s main industries.
In 2024, Indiana’s real (that is, inflation-adjusted) GDP per capita was 32nd highest out of all 50 states. States with a similar standard of living include Wisconsin (31st) and Arizona (33rd).
In 2024, Indiana ranked 32 in state GDP per capita.
Real gross domestic product per capita by state (2024)
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Methodology
USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.
The analysis was generated with the help of AI and reviewed by USAFacts for accuracy.
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.
