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Lake County has second fastest growing economy in Indiana

The Lake County Government Center in Crown Point. SmartAsset estimates Lake County has the second fastest growing Gross Domestic Product in the state.

Lake County has the second fastest growing economy in Indiana over the last four years, according to New York financial technology company Smart Asset. 

The state's second most populous county had $1.1 billion in gross domestic product growth over the last four years, a 4.87 percent increase. Lake County ranked 154th in economic growth nationally and, in Indiana, only trailed Marion County.

Marion County, where Indianapolis is based, experienced $2.7 billion in economic growth over the same four year period, a 7.32 percent increase, according to Smart Asset.

Lake County ranked ahead of Allen, Hamilton, Saint Joseph, Vanderburgh and Elkhart counties, that are respectively home to the cities and economic drivers of Fort Wayne, Carmel, South Bend, Evansville and Elkhart.

Porter County ranked eighth statewide and 360th nationally in economic growth with a GDP increase of $577 million, or 3.93 percent, over the four-year period that was tracked in the study.

Tippecanoe County, home of Purdue University, and Hendricks County in suburban Indianapolis rounded out the top 10 ranking.

LaPorte County ranked 16th statewide and 493rd nationally with $273 million in GDP growth.

For context, the United States has more than 3,000 counties, according to the U.S. Census Bureau.

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Business reporter

Joseph S. Pete is a Lisagor Award-winning business reporter who covers steel, industry, unions, the ports, retail, banking and more. The Indiana University grad has been with The Times since 2013 and blogs about craft beer, culture and the military.