Economy of Illinois

Economy Of Illinois

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Economy of Illinois

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The economy of Illinois includes many industries. The Chicago metropolitan area is home to many of the nation's largest companies, including Boeing, McDonalds, Motorola, and United Airlines. The Chicago area economy headquarters a wide variety of financial institutions, and is home to the largest futures exchange in the world, the Chicago Mercantile Exchange.

The 2010 total gross state product for Illinois was $630 billion, placing it fifth in the nation. The 2010 per capita income was $41,411. The state's industrial outputs include machinery, food processing, electrical equipment, chemical products, publishing, fabricated metal products, transportation equipment, petroleum and coal.

Agriculture

Most of the state of Illinois lies outside of the Chicago urban,area and inside the North American Corn Belt. Corn, soybeans, and other large-field crops are grown extensively. These crops and their products account for much of the state's economic output outside of Chicago. Much of the field crop is remanufactured into feed for hog and cattle. Dairy products and wheat are important secondary crops in specific segments of the state.In addition, some Illinois farmers grow specialty crops such as popcorn and pumpkins. The state is the largest producer of pumpkins among the U.S. states. There is a large watermelon growing area centered on Lincoln, Illinois. Illinois wine...
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