Economy of Indianapolis

The economy of Indianapolis is centered on the City of Indianapolis and Marion County within the context of the larger Indianapolis metropolitan area. The Indianapolis–Carmel–Anderson, IN MSA, had a gross domestic product (GDP) of $134 billion in 2015. The top five industries were: finance, insurance, real estate, rental, and leasing ($30.7B), manufacturing ($30.1B), professional and business services ($14.3B), educational services, health care, and social assistance ($10.8B), and wholesale trade ($8.1B). Government, if it had been a private industry, would have ranked fifth, generating $10.2 billion.

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Compared to Indiana as a whole, the Indianapolis metropolitan area has a lower proportion of manufacturing jobs and a higher concentration of jobs in wholesale trade; administrative, support, and waste management; professional, scientific, and technical services; and transportation and warehousing. The city's major exports include pharmaceuticals, motor vehicle parts, medical equipment and supplies, engine and power equipment, and aircraft products and parts. According to the Bureau of Labor Statistics, the region's unemployment rate was 2.8 percent in May 2019.

Three Fortune 500 companies are based in the city: health insurance company Elevance Health; pharmaceutical company Eli Lilly and Company; and agricultural chemical company Corteva. The Indianapolis metropolitan area is also home to five Fortune 1000 companies: financial services holding company CNO Financial Group; auctioneer OPENLANE; hydrocarbon manufacturer Calumet Specialty Products Partners; pharmaceutical company Elanco; automotive transmission manufacturer Allison Transmission; and real estate investment trust Simon Property Group. Other notable companies headquartered in the region include law firm and lobbyist Barnes & Thornburg; diversified media company Emmis Corporation; retailers Finish Line, Herff Jones, and Lids; loudspeaker company Klipsch Audio Technologies; manufacturer and distributor Lucas Oil Products; financial services holding company OneAmerica Financial; airline holding company Republic Airways; contract research corporation Envigo; and fast food chains Noble Roman's and Steak 'n Shake.

Downtown Indianapolis is the largest employment cluster in Indiana, with nearly 43,000 jobs per square mile (17,000/km2).

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