Question

Name at least three economic facts about the chicagoland economy

Name at least three economic facts about the chicagoland economy

Homework Answers

Answer #1

Chicago has the third highest population of all of all the cities in the United States. With nearly 3 million people, it has the highest population of all the cities in the state of Illinois and the Midwestern United States. The Chicago metropolitan area -- often called Chicagoland -- has nearly 10 million people.

  • The city is an international hub for finance, commerce, industry, technology, telecommunications, and transportation.
  • The city has one of the world's largest and most diversified economies with no single industry employing more than 14 percent of the workforce.
  • Chicago has the third-largest gross metropolitan product in the United States— about $630.3 billion according to 2014–2016 estimates.
  • In 2015, Chicago welcomed more than 52 million international and domestic visitors, making it one of the top-visited cities in the country.
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