What does GDP mean for the future of the US economy?
How will the latest GDP impact the US economy?
To determine America’s best and worst national economy, Wallethub compared 50 states and the District of Columbia across 28 key indicators of economic performance and strength. The dataset ranges from GDP changes to startup activity and share of employment in the tech industry.
Of all 50 states, Massachusetts scored the highest score, beating the second-placed state with all points.
Here’s what Wallethub had to say about the state’s economy:
Why Massachusetts has the best national economy
According to Wallethub, Massachusetts has the best national economy for a variety of reasons.
Here’s what private finance companies had to say about the Massachusetts economy: “Massachusetts invests more in both industrial R&D than most other states, leading to a significant return on economic growth.
Bay also has many workers in the industry that drives the economy forward. It has the highest employment in the tech industry and has the third highest share of STEM professionals. Additionally, Massachusetts has the highest percentage of companies listed on the Technology Fast 500 list. ”
Which states have the best economy?
This is a list of the top 10 state economies on Wallethub.
- Massachusetts
- Yuta
- Washington
- California
- New Hampshire
- North Carolina
- Idaho
- Texas
- Maryland
- Colorado
