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Chicago and its suburbs is home to 35 Fortune 500 companies and is a transportation and distribution center. Manufacturing, printing, publishing, insurance, transportation, financial trading and services, and food processing also play major roles in the city's economy. The total economic output of Chicago in gross metropolitan product totaled US$770.7 billion in 2020,[1][2] surpassing the total economic output of Switzerland and making Chicago's gross metropolitan product (GMP) the third largest in the United States, The city is home to several Fortune 500 companies, including Archer Daniels Midland, Conagra Brands, Exelon, JLL, Kraft Heinz, McDonald's, Mondelez International, Motorola Solutions, Sears, and United Airlines Holdings,[3] although Chicago has experienced an exodus of large corporations since 2020,[4] including Boeing; Citadel LLC; Caterpillar; and Tyson Foods.[5] Three Fortune 500 companies left Chicago in 2022, leaving the city with 35, still second to New York City.[6]
- ^ "U.S. metro areas - ranked by Gross Metropolitan Product (GMP) 2020". Statista. 2021-01-20. Retrieved 2022-05-25.
- ^ "Forecasted Gross Metropolitan Product GMP of the United States in 2020, by metropolitan Area".
{{cite web}}: Missing or empty|url=(help) - ^ "Chicago's 50 Largest Publicly Traded Companies" (PDF). Loyola University Chicago. Retrieved 3 January 2022.
- ^ "Tyson Foods latest large business to flee Chicago, what sparked the exodus? | Fox Business". www.foxbusiness.com. Retrieved 2022-11-05.
- ^ Jordan Valensky, CNN Business (October 6, 2022). "Big Companies Keep Leaving Chicago: What's Going On?". WRAL News. Retrieved November 5, 2022.
{{cite web}}:|author=has generic name (help) - ^ Dylan Sharkey (October 17, 2022). "Chicago's Fortune 500 headquarters are shrinking". Illinois Policy. Retrieved November 9, 2022.
Chicago has lost three Fortune 500 headquarters in 2022.