The health of the economy in Indiana is critically important for all in the state. Over the past decade, the overall performance of Indiana’s economy has been on par with Indiana’s Midwestern neighbors, but still has lagged behind national GDP growth. This is demonstrated by the state’s average annual inflation-adjusted GDP growth of 1.99% for 2010-2019 compared to national growth of 2.3%. This performance ranked Indiana 20th among states across the decade.
This report is the first in a planned set of two, with this first focused on visualizing the structure and trajectory of Indiana’s economy and its underlying industrial economic drivers. It also seeks to preliminarily identify the parameters that need to be addressed, and opportunities to be pursued, to generate a high-performance economic future. Ultimately the complete program of work is focused on charting a pathway forward for Indiana, that seeks to propel it into the top 10 U.S. states in economic performance by 2031.
