This article is part of a series on the |
Economy of the United States |
---|
The economy of Indianapolis is centered on the City of Indianapolis and Marion County within the context of the larger Indianapolis metropolitan area. The Indianapolis–Carmel–Anderson, IN MSA, had a gross domestic product (GDP) of $134 billion in 2015. The top five industries were: finance, insurance, real estate, rental, and leasing ($30.7B), manufacturing ($30.1B), professional and business services ($14.3B), educational services, health care, and social assistance ($10.8B), and wholesale trade ($8.1B). Government, if it had been a private industry, would have ranked fifth, generating $10.2 billion.[1]
Compared to Indiana as a whole, the Indianapolis metropolitan area has a lower proportion of manufacturing jobs and a higher concentration of jobs in wholesale trade; administrative, support, and waste management; professional, scientific, and technical services; and transportation and warehousing.[2] The city's major exports include pharmaceuticals, motor vehicle parts, medical equipment and supplies, engine and power equipment, and aircraft products and parts.[3] According to the Bureau of Labor Statistics, the region's unemployment rate was 2.8 percent in May 2019.[4]
Three Fortune 500 companies are based in the city: health insurance company Elevance Health;[5] pharmaceutical company Eli Lilly and Company;[6] and agricultural chemical company Corteva.[7][8] The Indianapolis metropolitan area is also home to five Fortune 1000 companies: financial services holding company CNO Financial Group; auctioneer OPENLANE; hydrocarbon manufacturer Calumet, Inc.; pharmaceutical company Elanco; automotive transmission manufacturer Allison Transmission; and real estate investment trust Simon Property Group.[9] Other notable companies headquartered in the region include law firm and lobbyist Barnes & Thornburg; diversified media company Emmis Corporation;[10] retailers Finish Line, Herff Jones, and Lids;[11] loudspeaker company Klipsch Audio Technologies; manufacturer and distributor Lucas Oil Products;[12] financial services holding company OneAmerica Financial;[13] airline holding company Republic Airways;[14] contract research corporation Envigo; and fast food chains Noble Roman's and Steak 'n Shake.
Downtown Indianapolis is the largest employment cluster in Indiana, with nearly 43,000 jobs per square mile (17,000/km2).[15]
© MMXXIII Rich X Search. We shall prevail. All rights reserved. Rich X Search