Illinois joins the $1T Club

“Using new federal data, the report says the size of Illinois’ total economy has passed the $1 trillion mark in annualized GDP. The state first crossed that threshold in the first quarter of 2022, according to quarterly estimates from the U.S. Department of Commerce, and hit $1.024 trillion in the second quarter of this year. Illinois is just the fifth state to top $1 trillion in annualized GDP, joining California, Texas, New York and Florida.”