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Indiana GDP compared with countries, 1997 to 2025

Indiana GDP was $542.46 billion in 2025, number 19 among states. Compare its economy with Norway and other country peers.

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What the data shows

  • Indiana: $170.93B in 1997, $542.46B in 2025 (3.2× higher).
  • Norway: $160.01B in 1997, $530.76B in 2025 (3.3× higher). It peaked at $617.32B in 2022.
  • Vietnam: $26.84B in 1997, $514.70B in 2025 (19× higher).
  • Thailand: $150.18B in 1997, $577.01B in 2025 (3.8× higher). Its low point was $113.68B in 1998.

About this chart

Indiana nominal GDP rose by 217.4% from 1997 to 2025, reaching $542.46 billion. Its closest displayed country comparison is Norway, at $530.76 billion in the same year. The state figure rose from $170.93 billion in 1997, a nominal change of 217.4%. The largest year-to-year dollar move in the displayed state series came in 2021, when output increased by $47.88 billion.

The comparison follows Indiana alongside Norway, Vietnam and Thailand from 1997 through 2025. These countries are the three closest eligible economies by final-year GDP, with complete annual data over the same interval. State figures come from the BEA all-industry GDP series and country figures from the World Bank. Values are in current US dollars, so inflation and exchange-rate movements affect the comparison. Total output is not household income, a living-standard ranking or GDP per person.

The data

Source: U.S. Bureau of Economic Analysis, SAGDP2 all-industry state GDP; World Bank WDI NY.GDP.MKTP.CD for countries; current US$ billions. Retrieved November 5, 2026. Nominal GDP, not adjusted for inflation. Country GDP source: https://data.worldbank.org/indicator/NY.GDP.MKTP.CD. Country peers are the three closest eligible economies in the final common year; complete annual coverage is required.

Indiana GDP compared with countries, GDP in current US$ billions, 1997 to 2025, 1997–2025
DateIndianaNorwayVietnamThailand
1997$170.93B$160.01B$26.84B$150.18B
1998$185.34B$152.96B$27.21B$113.68B
1999$193.66B$161.31B$28.68B$126.67B
2000$204.15B$170.62B$31.17B$126.39B
2001$205.33B$173.59B$32.69B$120.30B
2002$213.42B$195.36B$35.06B$134.30B
2003$225.35B$229.19B$39.55B$152.28B
2004$239.28B$265.66B$45.43B$172.90B
2005$247.43B$311.42B$57.63B$189.32B
2006$259.03B$349.77B$66.37B$221.76B
2007$273.34B$407.81B$77.41B$262.94B
2008$277.77B$472.06B$99.13B$291.38B
2009$264.93B$395.66B$106.02B$281.71B
2010$284.69B$440.13B$147.20B$341.11B
2011$292.37B$512.87B$172.60B$370.82B
2012$301.28B$525.08B$195.59B$397.56B
2013$313.47B$540.13B$213.71B$420.33B
2014$329.36B$515.83B$233.45B$407.34B
2015$333.16B$400.67B$239.26B$401.30B
2016$342.72B$383.28B$257.10B$413.37B
2017$357.54B$415.67B$281.35B$456.36B
2018$377.38B$454.59B$310.11B$506.75B
2019$384.84B$424.25B$334.37B$543.98B
2020$379.26B$382.25B$346.62B$500.28B
2021$427.14B$521.59B$366.48B$506.05B
2022$467.21B$617.32B$413.45B$495.69B
2023$492.83B$502.20B$433.81B$517.01B
2024$520.82B$500.89B$476.33B$529.39B
2025$542.46B$530.76B$514.70B$577.01B

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Frequently asked questions

What is the GDP of Indiana?

Indiana GDP was $542.46 billion in 2025, in current US dollars according to the BEA all-industry series. It ranked 19 among the 50 states.

Which country has an economy close in size to Indiana?

Among the displayed same-year comparisons, Norway is closest: $530.76 billion versus $542.46 billion for Indiana in 2025. Countries are selected by total GDP and complete annual coverage, not by similarity in population or economic structure.

Are these GDP figures adjusted for inflation?

No. Both the BEA state figures and World Bank country figures are nominal GDP in current US dollars. The 217.4% change since 1997 is therefore not a measure of inflation-adjusted growth.

Where does this data come from?

U.S. Bureau of Economic Analysis, SAGDP2 all-industry state GDP; World Bank WDI NY.GDP.MKTP.CD for countries; current US$ billions. Retrieved November 5, 2026. Nominal GDP, not adjusted for inflation. Country GDP source: https://data.worldbank.org/indicator/NY.GDP.MKTP.CD. Country peers are the three closest eligible economies in the final common year; complete annual coverage is required. You can download the full table as a CSV from this page.

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