In Indiana in fiscal year 2015, 60.3 percent of total tax revenues came from sales taxes and gross receipts. Income taxes accounted for 35.6 percent of total state tax collections. Education accounted for 36.6 percent of state expenditures in fiscal year 2015, while 31.2 percent went to Medicaid.
What is Indiana’s main industry?
In Indiana, chemical manufacturing is the largest industry, accounting for 6.1% of the state’s total GDP of $379.7 billion. The industry’s annual economic output totals $23.3 billion, a 15.6% increase over the last five years. Overall employment in the industry totals about 31,600, or 1.0% of all jobs in Indiana.
How is Indiana doing economically?
Indiana’s gross state product (GSP) in 2019 reached $332.0bn, with growth of 1.1% over the 5-years to 2019. Businesses in Indiana employed a total of 24.2 million in 2018, with average annual employment growth of 2.6%.
What does Indiana contribute to the US?
In 2020, Indiana generated around $10.7 billion in agricultural cash receipts with the highest valued commodities being soybeans, corn, and hogs. That same year, the value of Indiana’s agricultural production and processing industries represented 4.5 percent of total state GDP.
What does Indiana make the most of?
Indiana is a leading producer of automobile parts, truck and bus bodies, truck trailers and motor homes. Ranked second in the manufacturing sector is the production of primary metals, steel being the most important. Indiana is also an important aluminum producing state.
Which state has strongest economy?
Utah is the top state for economy. It’s followed by Colorado, Idaho, Washington and Massachusetts to round out the top five. Five of the 10 states with the strongest economies also rank among the top 10 Best States overall.
How wealthy is Indiana?
The Indiana Statehouse in Indianapolis is a symbol of the Hoosier state, which ranks 35th nationally in wealth, according to a new study. A new study found Indiana ranked 35th nationwide in wealth.
Is Indiana a poor state?
Indiana has the third-lowest poverty rate in the nation, according to the U.S. Census Bureau (see Figure 1).
Does Indiana have a good economy?
Economic Outlook Rank
Indiana is currently ranked 7th in the United States for its economic outlook. This is a forward-looking forecast based on the state’s standing (equal-weighted average) in 15 important state policy variables. Data reflect state and local rates and revenues and any effect of federal deductibility.
Is Indiana’s economy growing?
The Indianapolis MSA economy grew more quickly in 2021 than we had forecast the year before. The effectiveness and availability of the COVID-19 vaccines have enabled a strong recovery that will continue for the coming year. Output in Indianapolis will continue to recover and grow throughout 2022.
How much money does Indiana make?
The economy of the state of Indiana is reflected in its gross state product in 2017 of US$359 billion and per capita income of $44,165.
Is Indiana a depressing state?
The state ranked a depressing 49 out of 50 on our social relationships rank; only Rhode Island was lonelier.
Who is the largest employer in Indiana?
Ranked by number of FTE employees in Indiana
| RANK 2020 rank | Employer Address | Plants or divisions in Indiana |
|---|---|---|
| 1 1 | Walmart Inc. Bentonville Ark. 72716 walmart.com | 127 |
| 2 2 | U.S. government Washington, D.C. usa.gov | DND |
| 3 4 | Indiana University Health 340 W. 10th St., Indianapolis Ind. 46202 iuhealth.org | 16 1 |
What makes Indiana special?
Indiana, known for its love of basketball and for producing stars such as Larry Bird and Louie Dampier, has generated the fifth-highest number of professional basketball players per capita of any state. 6. Indiana has the nation’s second-largest automotive industry and is leading the U.S. in manufacturing job growth.
What is the most popular job in Indiana?
Customer Service Representative
Detailed List Of The Most Common Jobs In Indianapolis, IN
| Rank | Job Title | Count |
|---|---|---|
| 1 | Customer Service Representative | 8,677 |
| 2 | Cashier | 8,517 |
| 3 | Sales Associate | 4,562 |
| 4 | Internship | 3,827 |
What is Indiana’s main export?
The state’s largest manufacturing export category is transportation equipment, which accounted for $12.4 billion of Indiana’s total goods exports in 2018.
Which states are most financially stable?
Alaska is the top state for fiscal stability. It’s followed by South Dakota, Tennessee, Idaho and Utah to round out the top five. Half of the 10 states with the best fiscal stability also rank among the top 10 Best States overall. Learn more about the Best States for fiscal stability below.
What is the best run state in America?
For the second year in a row, Utah ranks as the best run state in the country. The state is one of only 12 nationwide with a perfect triple-A rating and stable outlook from credit rating agency Moody’s. It also has the funding to meet over 85% of its pension obligations, well above the 70.7% average among all states.
Which state has the fastest growing economy?
Idaho is the best state for growth, and ranks third overall for economy. Washington places second in this subcategory, followed by Utah, Arizona and Colorado. Learn more about the Best States for growth below.
How White is Indiana?
The majority of Indiana’s population is white (88.7%), followed by African-Americans (8.8%), Asian-Americans (1.2%) and American Indians and Alaska Natives (0.3%). The state’s population is overwhelmingly Non-Hispanic (95.5%) with a small, but growing, Hispanic minority (4.5%).
How many billionaires live in Indiana?
Table
| Rank by number of billionaires (9/15/20) | State or federal district | Billionaires/ State’s 10M pop. (7/19 census) (9/15/20) |
|---|---|---|
| 27 | Indiana | 4.46 |
| 25 | Montana | 37.43 |
| 36 | Idaho | 5.60 |
| 27 | North Carolina | 2.86 |
