2022’s Best & Worst State Economies
from WalletHub, Jun 6, 2022
U.S. economic growth depends heavily on the performance of individual states. But some contribute more than others. California, for instance, is the fifth largest economy in the world, boasting a GDP larger than that of countries like the U.K., France and India. Meanwhile, Vermont’s GDP is around 91 times smaller, at $36.7 billion compared to California’s $3.4 trillion.
In order to determine which states are pulling the most weight even during this time of economic difficulty caused by the COVID-19 pandemic, WalletHub compared the 50 states and the District of Columbia across 28 key indicators of economic performance and strength. Their data set ranges from GDP growth to startup activity to the share of jobs in high-tech industries.
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| Overall Rank |
48 |
| State |
Hawaii |
| Total Score |
30.59 |
| Economic Activity |
47 |
| Economic Health |
33 |
| Innovation Potential |
50 |
| Exports |
51 |
| Change in Nonfarm Payrolls |
2 |
| State-Government Surplus per Capita |
4 |
| Independent Inventor Patents per 1,000 Working-Age Population |
47 |
|