North Carolina Has the 7th Best State Economy in America

By
Charlotte Stories
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The personal-finance website WalletHub today released its report on 2022’s Best & Worst State Economies.

In order to determine America’s top economic performers, WalletHub compared the 50 states and the District of Columbia across 28 key indicators of economic performance and strength. The data set ranges from change in GDP to startup activity to the share of jobs in high-tech industries.

The Tar Heel state ranked #7 overall.

Economic Performance of North Carolina (1=Best; 25=Avg.):

  • 8th – Change in GDP
  • 19th – Startup Activity
  • 10th – % of Jobs in High-Tech Industries
  • 23rd – Change in Nonfarm Payrolls
  • 28th – Government Surplus/Deficit per Capita
  • 21st – Unemployment Rate

State Economy Rankings

Overall Rank  State Total Score  Economic Activity  Economic Health  Innovation Potential 
1 Washington 73.83 3 7 2
2 Utah 71.33 2 1 10
3 California 70.30 1 31 3
4 Massachusetts 67.28 6 35 1
5 New Hampshire 58.86 18 13 4
6 Colorado 58.84 13 6 9
7 North Carolina 56.83 14 12 11
8 Georgia 56.54 5 15 24
9 Oregon 55.86 15 23 7
10 District of Columbia 54.74 9 14 13
11 Tennessee 54.61 4 5 38
12 Texas 54.16 8 9 23
13 Idaho 53.57 22 2 16
14 Florida 52.68 10 3 33
15 Michigan 52.57 16 40 5
16 Maryland 50.65 25 36 6
17 Arizona 50.64 17 19 20
18 Montana 49.61 12 10 34
19 Minnesota 49.04 23 18 17
20 Virginia 47.15 27 16 22
21 New York 47.12 11 50 21
22 Indiana 46.44 21 20 30
23 New Jersey 46.24 19 51 12
24 Iowa 46.12 24 21 26
25 Connecticut 45.10 38 43 8
26 Nevada 44.77 7 32 44
27 Wisconsin 44.25 43 17 18
28 Delaware 43.68 34 29 15
29 Nebraska 43.60 29 8 36
30 South Carolina 42.36 20 27 39
31 Missouri 41.38 33 28 28
32 Illinois 41.13 26 41 29
33 Pennsylvania 40.48 31 48 19
34 Alabama 40.24 32 25 35
35 Kansas 39.78 40 26 31
36 Rhode Island 39.19 37 39 27
37 South Dakota 38.70 42 4 47
38 North Dakota 38.41 46 11 37
39 Ohio 38.09 30 46 32
40 New Mexico 38.07 44 49 14
41 Vermont 37.99 48 30 25
42 Kentucky 36.03 28 37 46
43 Arkansas 35.88 35 22 45
44 Maine 35.37 36 34 42
45 Wyoming 34.38 39 24 49
46 Mississippi 32.19 41 47 43
47 Oklahoma 31.32 50 38 40
48 Hawaii 30.59 47 33 50
49 Louisiana 29.39 45 44 48
50 Alaska 27.61 51 45 41
51 West Virginia 26.10 49 42 51

Note: With the exception of “Total Score,” all of the columns in the table above depict the relative rank of that state, where a rank of 1 represents the best conditions for that metric category.

For the full report, please visit:
https://wallethub.com/edu/states-with-the-best-economies/21697

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