World Business Chicago released its annual “State of the Economy 2025” report on April 30, 2026, offering key insights into the Chicago region’s strong performance amid national challenges. Titled “Data, Decisions, & Trends Shaping Chicagoland’s Economic Future,” it highlights the area’s $929 billion gross regional product (GRP), making it the third-largest U.S. metro economy. Despite U.S. GDP growing at just 2% in Q1 2026, Chicago thrived with diversification, connectivity, and resilience.
The report notes a record 223 business expansions, relocations, or new market entries in 2025—the highest ever—adding 19,600 jobs and $1.7 billion in earnings. This kept Chicago as the #1 U.S. metro for corporate relocations for 13 straight years. O’Hare Airport led with $423 billion in trade value, topping U.S. ports. The labor force hit nearly 5 million, bigger than 41 states, with job postings up 5.7% to 973,000, strongest in healthcare, logistics, and tech. Startups raised over $6 billion across 574 deals, focusing on AI and software.
Phil Clement, President & CEO of World Business Chicago, stressed how the region turns scale into growth, prioritizing resilience, talent, and infrastructure. Challenges include housing affordability and workforce alignment, aligning with the Chicago 2050 growth plan. A virtual forum on June 1 will discuss findings with business leaders.
FAQs [Frequently Asked Questions]
1. What is Chicago’s economic size?
The region boasts a $929 billion GRP, ranking third among U.S. metros, with steady 1.8% growth from diverse sectors.
2. What drove 2025 business growth?
223 expansions/relocations added 19,600 jobs and $1.7B earnings, leading U.S. metros for 13 years.
3. What challenges does the report note?
Housing affordability and workforce alignment are key hurdles to sustain long-term inclusive growth.