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Illinois

Overall Rank

10

Ease of doing business

theboardiQ Economic Relevance Score, ranks States of USA based on 11 parameters - F500 Cos Representation | Trade Surplus or Deficit | GDP | Agriculture | Innovation | Manufacturing | Employment | Tax | Cost of Living | Disposable Income and Education.

Population
% of overall Population
US Overall
12,710,158
3.7%
340,110,988
david-whipple-mU-wz7JlJMc-unsplash_Ravid.jpg

National Ranking Index

Strengths
Diverse Economy - strengths in manufacturing, finance, agriculture, and services. A major financial and commercial hub; Transportation Hub; Agriculture; Educational Institutions; Strong Infrastructure
Weaknesses
Financial Challenges; High Property Taxes; Outmigration; Political Climate
Opportunities
Technology Growth; Renewable Energy; Logistics and Distribution; Manufacturing Innovation
Threats
Economic Downturns;Competition from Other States; Fiscal Instability; Climate change

1 Fortune 500 representation

The map represents number of Fortune 500 companies present in each State

Clicking on table contents will take you to the source data

F500 Overall Rank
F500 Cos
4
32

2 Balance of Trade

The map represents Trade Surplus / Deficit in Millions USD of each State in YTD 2025



In Millions USD - 2025 YTD

Trade Balance Overall Rank
Trade Surplus / Deficit
Exports in Millions USD
US Exports 2025 YTD
% of US Exports
47
-$45,037
$27,661
$711,202
3.89%
Imports in Millions USD
US Imports 2025 YTD
% of US Imports
$72,698
$1,224,182
5.94%

3 GDP

The map represents Nominal GDP in Millions USD of each State in 2024

In Millions USD - 2025 YTD

GDP Overall Rank
Nominal GDP (2024)
GDP Per Capita
% of Capital
5
1,132,143
$90,449
3.92

4 Innovation

The map represents Innovation Rankings of each State in 2024

Innovation Overall Rank
Total Innovation Rank
Financial Incentives Index
Innovation Vitality Index
23
3.5
2
5

5 Agriculture

The map represents State Receipts of all commodities for each State in 2024 in USD 1000s

Agriculture Overall Rank
State receipts for all commodities ($1000)
Share of US receipts for all commodities
5
26,481,641
5.1

6 Tax

The map represents Tax Regime Rankings for each State

Tax Overall Rank
Corporate Tax Rank
Individual Income Tax Rank
Sales Tax Rank
Property Tax Rank
37
42
13
38
41

7 Manufacturing

The map represents Manufacturing Rankings for each State

Mfg Overall Rank
Mfg Overall Index
Workforce & Market Alignment
Operating Costs
Geo Positioning
31
94.9
94.8
87.9
102

8 Employment

The map represents Employment Rankings for each State

Employment Overall Rank
Unemployment Rank
Unemployment Rates April 2025
Employment Rank
Total employment (thousands)
12-month percent change in employment
12-month net change in employment (thousands)
23
42
4.8
6
6,172.50
0.6
36.1

9 Education

The map represents Education Rankings for each State

Education Overall Rank
Quality of Education Rank
% of Population with Bachelor's Degree
% of Population with Associates' Degree
% of Population with High School Diploma or Equivalent
% of Population with Graduate or Professional Degree
%of Population with less than High School Diploma
16
9
38.3
8.1
25.3
15.5
4.5

10 Cost of Living

The map represents Cost of Living for each State

Cost of Living Overall Rank
Cost of Living
32
$41,395

Please note that the ranking has been re-calibrated by theboardiQ from the data source - ranking the lowest Cost of Living as the highest rank

11 Disposable Income

The map represents Cost of Living for each State

Disposable Income Overall Rank
Disposable Income
7
$25,726

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265 Garnet Dr 

Livermore, CA 94550

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