CHICAGO — Today, Governor JB Pritzker highlighted new federal data from the U.S. Bureau of Economic Analysis (BEA) showing Illinois’ gross domestic product (GDP) has surpassed $1.2 trillion — reflecting steady growth and resilience amid ongoing national economic uncertainty driven by the Trump Administration.
“New federal data confirms Illinois is continuing to move in the right direction,” said Governor JB Pritzker. “Even as families and businesses navigate higher costs and uncertainty driven by the Trump Administration’s tariffs and economic policies, Illinois’ economy has remained resilient because we’ve focused on fiscal responsibility, stability, and long-term growth. As we move through 2026, Illinois is building on this foundation. I am focused on continuing to grow our economy, support working families, and ensure Illinois remains competitive for the long term.”
According to newly released data, Illinois’ GDP reached $1.23 trillion in 2025 — up from roughly $895 billion when Governor Pritzker took office in 2019 — marking more than $300 billion in economic growth. Illinois crossed the $1 trillion mark in 2022 and has continued to grow steadily each year since. A recent analysis shows Illinois’ GDP grew 5.85% from Q4 2024 to Q4 2025 — outpacing the national growth rate of 5.36% and the Great Lakes region, which grew by 5.49%. That growth has come even as changes in Trump’s trade policy and tariffs have reshaped global markets — contributing to shifts in exports and broader economic uncertainty.
Midwest GDP Comparison (2025):
Under Governor Pritzker’s leadership, Illinois has delivered seven balanced budgets, received 10 credit upgrades, eliminated billions in its bill backlog, and rebuilt its rainy-day fund to nearly 2.5 billion — steps that have helped position the state to weather broader economic volatility instigated by the Trump Administration.
That momentum is continuing into 2026. In Q1 alone, companies have already committed to nearly 4,000 jobs and approximately $2.5 billion in new investments through state-supported programs — outpacing total job commitments from all of last year. These figures represent just one portion of broader private sector activity as global companies continue choosing Illinois for its central location, infrastructure, and highly skilled workforce.
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