Economy of Indiana |Economy of Indiana| Indiana State Quarter
|Output and standard of living| |Gross state product||$275,676
million| |Income per capita||$34,943| |Labor force
size||3,144,700 | |Inequality and poverty| |State budget
expenditures||$13,036 million| |Tax revenue||$13,796.427
million| The total gross state product in 2005 was US$214
billion in 2000 chained dollars. Indiana's per capita income, as
of 2005, was US$31,150. A high percentage of Indiana's income is
from manufacturing. The Calumet region of northwest Indiana is
the largest steel producing area in the U.S. Steelmaking itself
requires generating very large amounts of electric power.
Indiana's other manufactures include pharmaceuticals and medical
devices, automobiles, electrical equipment, transportation
equipment, chemical products, rubber, petroleum and coal
products, and factory machinery. Indiana's earliest economy
revolved around trade with the Native American tribes in the
northern and central parts of the state, which were connect