Illinois GDP Fell Over the Last Year

Illinois’ Gross Domestic Product fell by 5.1% last year, but personal income increased by 5.8%. That’s according to the latest numbers from the Bureau of Economic Analysis from the U.S. Department of Commerce. The GDP decline wasn’t softened by increased unemployment benefits which drove Illinois’ personal income. That category in 2019 was up 4%. In 2020 with the pandemic, it increased by 40.2%.