Strong, Diversified Economy

Chicago’s industry mix most closely matches the nation's, with no single industry employing more than 14% of the workforce

Chicago has one of the world’s largest and most diversified economies, with more than four million employees and generating an annual gross regional product (GRP) of over $575 billion. 

The city is an efficient economic powerhouse, home to more than 400 major corporate headquarters, including 31 in the Fortune 500.

Among the most diverse economies in the nation, Chicago is a key player in every sector from risk management innovation to manufacturing to information technology to health services

Most Diversified Economy in the U.S.

Diverse-Economy-Map

Source: Moody’s Analytics (2013), WBC (2014)

Top Metro for New & Expanding Companies

Site Selection magazine recognized the Chicago area as having more new or expanded corporate facilities than any other in 2014 & 2015

#1

Metro for corporate investment in the U.S.

Trading Post

The most distinctive aspect of Chicago’s financial services community is also among its oldest. The city’s derivatives exchange community, which started with commodity futures trading at the Chicago Board of Trade in 1848, established the city as a global financial center.

To this day, even though the trading of derivatives is conducted on an ever-expanding international scale, Chicago arguably remains the geographic center of global derivatives trading – in terms of markets, scale and talent. 

 

Chicago accounts for nearly one quarter (22%) of the world’s global derivatives trading market; 2X New York (11%) and more than all of the exchanges in Europe combined (20%)

Chicago-based exchanges generated 4.7 billion in annual global derivatives trading volume with a notional value of more than one quadrillion in 2014

Chicago-based Options Clearing Corporation clears all US options contracts – 4.6 billion in 2014 (the second highest volume on record)

Chicago futures and options exchanges collectively dominate exchange-based derivatives trading, with more than half of exchange-based derivatives trading in North America

$576B Economy Rivals Nations

Strong-Economy-Map

Source: World Bank (2013), EMSI (2013), WBC (2015)