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1. www.ibisworld.com › united-states › economicOhio Economic Trends, Stats & Rankings | IBISWorld

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   Overview of the Ohio Economy. In 2024, the state of Ohio has a population of 11,800,712, having grown an annualized 0.2% over the five years to 2024, which ranks it 40 th out of all 50 US states by growth rate. Ohio's gross state product (GSP) in 2024 reached $717.9b, with growth of 1.3% over the 5 years to 2024.

2. usafacts.org › topics › economyEconomy of Ohio Statistics and Data Trends: GDP ranking ...

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   Aug 30, 2023 · Government data offers valuable insights into a state's economy. Ohio's economy ranks 7th in size among states and Washington, DC. Explore this page to learn about the state's economic growth, job market, and economy size, backed by data from reputable sources like the Bureau of Economic Analysis and the Bureau of Labor Statistics.

3. www.clevelandfed.org › publications › cleveland-fedHow Has Ohio Fared in the Current Business Cycle?

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   Mar 26, 2024 · Ohio’s cumulative GDP growth was close to the median across all states through the first two years of the current business cycle (2019:Q4 through 2021:Q4). However, the state’s GDP growth thereafter was noticeably weaker, ranking forty-fifth from 2021:Q4 through 2023:Q3. Thus, the cumulative change in Ohio’s GDP from late 2019 fell from ...

4. www.bls.gov › eag › eagOhio Economy at a Glance - U.S. Bureau of Labor Statistics

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   Ohio; Data Series Back Data May 2024 ... Professional & Business Services . 746.9: 743.6: ... Hours, and Earnings from the CES survey (State and Area) Local Area ...

5. www.jobsohio.com › news-press › ohio-moves-up-to-12Ohio Moves Up to #12 in CNBC’s Top States for Business 2023

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   Jul 13, 2023 · The State of Ohio successfully accelerated its strong economic momentum, business attraction, and innovative economic development investments to earn an overall rank of #12 in CNBC’s “Top States for Business 2023” study of state competitiveness in the battle for business and jobs. JobsOhio’s record-setting year of project wins ...

6. www.clevelandfed.org › collections › press-releasesOhio’s GDP growth weaker since late 2021, partly from ...

   www.clevelandfed.org › collections › press-releases

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   Mar 26, 2024 · Ohio’s GDP growth weaker since late 2021, partly from declines in manufacturing and financial activities 03.26.2024 Ohio’s economic growth was about average through the first two years of the pandemic, but after that its growth has been “noticeably weaker,” according to a new report from the Federal Reserve Bank of Cleveland.

7. People also ask

   What is the economic growth rate in Ohio?

   • In the 3rd quarter of 2023, the real GDP growth rate for Ohio was 4.6% per year, compared with 1.9% the previous quarter. The latest data shows that Ohio economic growth is lower than the US overall. Gross domestic production (GDP) estimates the size of an area’s economy. It is the total value of all goods and services produced in an area.

   Economy of Ohio Statistics and Data Trends: GDP ranking ... - USAFacts

   usafacts.org/topics/economy/state/ohio/

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   How big is Ohio's economy?

   • Ohio ranks 7th in economy size among states and Washington, DC. In general, the size of a state’s economy is correlated with the size of its population, though a number of other factors determine its ranking in economic output. Each state’s economy has different strengths based on its natural resources, workforce, and core industries.

   Economy of Ohio Statistics and Data Trends: GDP ranking ... - USAFacts

   usafacts.org/topics/economy/state/ohio/

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   Is Ohio a good state for GDP growth?

   • Ohio’s cumulative GDP growth was close to the median across all states through the first two years of the current business cycle (2019:Q4 through 2021:Q4). However, the state’s GDP growth thereafter was noticeably weaker, ranking forty-fifth from 2021:Q4 through 2023:Q3.

   How Has Ohio Fared in the Current Business Cycle?

   www.clevelandfed.org/publications/cleveland-fed-district-data-brief/2024/cfddb-20240326-how-has-ohio-fared-in-current-business-cycle

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   What is the economic impact of industries in Ohio?

   • Bureau of Economic Analysis. In the 3rd quarter of 2023, the real GDP growth rate for retail trade in Ohio was 24.5% per year, the highest in the state. The economic impact of industries is based on a concept of “value-added” to the goods or services created based on their work. The Bureau of Economic Analysis provides the relevant economic data.

   Economy of Ohio Statistics and Data Trends: GDP ranking ... - USAFacts

   usafacts.org/topics/economy/state/ohio/

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   How did Ohio's economy perform in 2021?

   • However, from 2021:Q4 through 2023:Q3 (the latest available data), Ohio’s economy experienced noticeably slower growth than the United States' or the median state's. Thus, Ohio’s cumulative growth ranking declined from thirty-first (around the middle of the distribution) toward the end of 2021 to thirty-eighth (the bottom quartile) by 2023:Q3.

   How Has Ohio Fared in the Current Business Cycle?

   www.clevelandfed.org/publications/cleveland-fed-district-data-brief/2024/cfddb-20240326-how-has-ohio-fared-in-current-business-cycle

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   What is the real GDP for manufacturing in Ohio?

   • In the 3rd quarter of 2023, the real GDP for manufacturing in Ohio was $126.5 billion per year (seasonally adjusted), the highest in the state. Each state's economy has a different mix of industries operating within the state.

   Economy of Ohio Statistics and Data Trends: GDP ranking ... - USAFacts

   usafacts.org/topics/economy/state/ohio/

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8. www.jobsohio.com › annual-report-2022 › 2022-resultsOhio's 2022 Economic Results Reinforce Resilience - JobsOhio

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   2022 proved the importance of a resilient economy built on the diversity of industries in Ohio. JobsOhio competes with states across the country to win in ten critical sectors of the economy that account for 22% of Ohio jobs, 36% of the gross state product, and 29% of payrolls in Ohio. The result: Ohio was #3 in Site Selection’s 2023 ...