Indianapolis
Indianapolis is home to the State Capitol and is the most populous city in Indiana. Indianapolis is home to the Indianapolis 500 and several professional sports teams and is considered a principal city in the Indianapolis-Carmel-Anderson Metropolitan Statistical Area in central Indiana.* As of 2022, the city had a population of 880,621 and the MSA had a population of 2,141,779.
* MSAs are defined by the U.S. Office of Management and Budget. The OMB released new statistical area delineations in 2023. The Indianapolis-Carmel-Anderson MSA is called the Indianapolis-Carmel-Greenwood MSA in the latest revisions, and it also now includes Tipton County instead of Putnam County. However, the new definitions will not be reflected here until the U.S. Bureau of Labor Statistics implements these changes into their data.Quick Stats
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The Indianapolis Futurecast Event
Thank you for attending!
Wednesday, Nov. 1, 2023
Breakfast served at 8:00 am.
Indianapolis Artsgarden
110 W Washington St,
Indianapolis, IN 46204
Featured Speakers at the Indianapolis Futurecast Event
This event was co-hosted by the Kelley School of Business Alumni Association, the IBRC and the Kelley School of Business.
What did we say last year about the Indianapolis region?
Published December 16, 2022
The Indianapolis metro area expects 2.7% real GDP growth in 2022 and 0.8% in 2023. In a normal year, real GDP grows between 2.0% and 3.0%. An expected rise in the federal funds rate from 0.8% in the second quarter of 2022 to 4.5% through the fourth quarter of 2023 will dampen demand and severely slow growth within the economy. Spending on goods will especially decline and have a disproportionately negative impact on regional economies that rely upon manufacturing.
With a forecast of slower growth, unemployment is expected to increase to 4.2% nationally, 3.4% in the state and 3.0% in Indianapolis during 2023. The pandemic accelerated retirements and motivated many of working age to leave the labor force. This combined with demographic shrinkage in the annual number of young adults leaving school suggests continued tightness in the availability of talent in Indianapolis. For this reason, any spike in unemployment will be mild when compared to economic slowdowns in the past.
Read the full Indianapolis article »
Each year in December, the Indiana Business Research Center publishes a special Outlook edition of the Indiana Business Review.
Published continuously since 1926, the Indiana Business Review is a quarterly publication that provides analysis and insight on economic and demographic issues.