Indiana's population is over 6.8 million people in 2024. The state's nominal GDP was approximately $519.5 billion, with real GDP at about $419.5 billion in inflation-adjusted terms. GDP per capita was $60,580, up 3.1% from 2023, ranking 29th among all 50 states.
Mike Braun became Indiana's governor in January 2025. He defeated Jennifer McCormick in the November 2024 election. Former Governor Eric Holcomb served from 2017 to 2025 and was term-limited. Under Holcomb's administration, Indiana's GDP grew by over $150 billion, private sector employment increased by 200,000 to an all-time high, and the state paid down $4.5 billion in debt while maintaining a AAA credit rating.
Indiana has been the largest steel producing state since 1975, with the Calumet Region accounting for 27% of all U.S. steel production. It's also the 2nd largest auto manufacturing state. The professional and business services industry has grown significantly, with 2024 GDP at 1.6 times the 2014 level. Indiana is home to Eli Lilly, a major pharmaceutical manufacturer and the state's largest corporation headquartered in Indianapolis.
Real GDP growth in Indiana was 2.1% in 2024, with projections of 2.9% for 2025. In 2024, Indiana committed $39.2 billion in capital investment and launched 482 new small businesses. The state's economic growth significantly outpaced neighboring Illinois, which grew at just 1.2% (nearly three times slower than Indiana's 3.4% economic growth in some measures).
Indiana's population is growing faster than every state it borders. The state has experienced record levels of committed capital investment and employment growth, with private sector employment at an all-time high. This growth is supported by business-friendly policies, low cost of living, and strategic location for manufacturing and logistics.
IN.gov is the official website of the State of Indiana providing access to all state government services and information. The Indiana Gateway for Government Units provides information about taxes and public spending. The state offers various online services including business registration, tax filing, and access to public records through the transparency portal.
Indiana has 92 counties. Marion County, which contains Indianapolis, is the most populous with over 900,000 residents. Each county has its own government structure with elected officials including commissioners, sheriff, assessor, recorder, and other positions depending on county size and classification.
Indiana was one of 23 Republican state government trifectas in 2024, meaning one political party holds the governor's office and majorities in both the state Senate and House. At the start of the 2024 legislative session, there were 44 standing committees (22 Senate, 22 House). The governor serves a four-year term and can serve multiple terms.
Last updated on November 29, 2025