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Indiana

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Overall Rank

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16

Ease of doing business

theboardiQ Economic Relevance Score, ranks States of USA based on 14 parameters and 4 Pillars

4 Pillars National Ranking

Economic Scale & Vitality
Innovation & Enterprise
Human Capital & Living
Structural & Policy
26
21
21
2

14 Core Economic Indicators National Ranking

Economic Scale & Vitality National Ranking

GDP Overall Rank
Trade Overall Rank
Employment Overall Rank
19
36
25

Innovation & Enterprise National Ranking

R&D Overall Rank
F500 Rank
VC Per Capita Rank
16
20
27

Human & Capital Living National Ranking

Education Rank
Disposable Income Rank
Cost of Living Rank
Labor Productivity Rank
22
39
9
18

Structural & Policy National Ranking

Tax Rank
Agri Rank
Manufacturing Rank
Infra & Energy Rank
10
9
3
32

STATE PERFORMANCE GAUGE CHARTS



US STATES ECONOMIC & INNOVATION COMPETITIVENESS

An executive-grade benchmarking index developed by theboardiQ LLC to evaluate and rank the macroeconomic strength, innovation capacity, and structural competitiveness of 50 States in the United States.

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Designed for corporate board directors, institutional investors, and policymakers, the index synthesizes raw macroeconomic and institutional data into a standardized 0–100 Composite Score across 4 Strategic Macro Pillars and 14 Underlying Sub-Metrics.

The Executive Dashboard incorporates a boardroom governance matrix mapping strategic mandates, benchmark metrics, director compensation, and critical oversight inquiries across 9 Board Roles/Industry Lens

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COMPETITIVENESS SWOT

Indiana

Strengths

• Major national manufacturing hub (#3) with primary leadership in automotive & industrial manufacturing• Top-tier logistics and freight infrastructure combined with low cost of living (#9)• Highly favorable corporate tax environment (#10) and robust agricultural economy (#9)

Weaknesses

• Lagging higher educational attainment (#42) and workforce skill gaps• Health outcomes and healthcare coverage challenges across rural counties• Below-average venture capital investment ($57 per capita)

Opportunities

• Advanced manufacturing, EV technology, and battery production expansion• E-commerce logistics corridor growth• Renewable energy expansion and ag-tech integration

Threats

• High vulnerability of traditional manufacturing jobs to industrial automation• Macroeconomic downturns impacting automotive consumer demand• Global trade policy and tariff shifts affecting export markets

METRICS DEEPDIVE

Economic Scale & Vitality

GDP

GDP Overall Rank
GDP 2025 Current-Dollar GDP ($ Billions)
GDP Share of U.S. Total
19
$542.5B
1.77%

Trade

Trade Overall Rank
Trade Surplus / Deficit
Exports in Millions USD
Total US Overall Exports 2026 YTD
Export %
36
-$17,852
$45,293
$1,639,475
2.76%
Imports in Millions USD
Total US Overall Imports 2026 YTD
Import %
$63,145
$2,415,187
2.61%

Employment

Emp Overall Rank
Unemp Rank
Unemp Rate (%)
Emp Rank
Total Emp (thousands)
25
14
3.4
17
3,257.30
12-Mo % Change
12-Mo Net Change (thousands)
Labor Force Participation Rate
-0.4
-12.9
63.10%

Innovation & Enterprise

R&D

R&D Overall Rank
R&D spend as a % of GDP
Patents Awarded per 1K S&E Occ
Bus Perf R&D (% Output)
16
3.33%
10.74
3.08%

F500 Representation

F500 Rank
F500 HQs
F500 Combined Revenue
20
7
$351.4B

VC Per Capita

VC Per Capita Rank
Patents issued per 100K residents
VC deal value (per capita)
R&D expenditure(per capita)
27
$28
$57
$2,413

Human & Capital Living

Education

Education Rank
State Overall Education Score
Educational Attainment Rank
Quality of Education
22
42
42nd
10th
% of Pop with Grad Degree
% of Pop with Bach Degree
% of Pop with Assoc Degree
% of Pop with High Sch Diploma
15.90%
23.30%
8.60%
24.60%

Disposable Income

Disposable Income Rank
Disposable Income Per Capita ($)
10-Year Growth (%)
1-Year Growth (%)-1
39
$59,423
57.7%
3.5%

Cost of Living

Cost of Living Rank
State Index
Grocery
Housing
Utilities
Transport
Health
9
90
98
78
93
98
90

Labor Productivity

Lab Productivity Rank
2025 Value (Mill of Hrs)
Lab Productivity
GDP
Absolute Lab Productivity
18
5084.737
116.92
$542.5B
4.64

Structural & Policy

Tax

Tax Rank
Corporate Tax
Individual Income Tax
Sales Tax
Property Tax
Unemploy.Ins Tax
10
7
20
14
4
15

Agriculture

Agri Rank
Gross Receipts ($B)
Cumulative Share (%)
9
18
51.10%

Manufacturing

Mfg Rank
Total nonfarm Jobs
Mfg Jobs
% Share of Total Mfg GDP
Mfg GDP ($B)
3
3,257.30
520.8
4.42%
$129.4B
% of Nonfarm Jobs
% Share of Total Mfg Jobs
15.99%
4.14%

Infra & Energy

Infra & Energy Rank
Home Energy Efficiency Rank
Auto Energy Efficiency Rank
32
36
21

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265 Garnet Dr 

Livermore, CA 94550

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