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Illinois is just the fifth state to top $1 trillion in annualized GDP, joining California, Texas, New York and Florida. Department of Commerce, and hit $1.024 trillion in the second quarter of this year. The state first crossed that threshold in the first quarter of 2022, according to quarterly estimates from the U.S. Using new federal data, the report says the size of Illinois' total economy has passed the $1 trillion mark in annualized GDP. That's the bottom line of a new report by the Illinois Economic Policy Institute, a left-leaning research group, and the Project for Middle Class Renewal at the University of Illinois at Urbana-Champaign. Whatever its woes, Illinois' economy remains a national leader and stands above that of any other Midwest state thanks to a boost from the Chicago area. Illinois' economy hits a rare mark, boosted by Chicago: Today's Juice, by Greg Hinz Photo: iStock
