2022’s Best & Worst State Economies
 

State Economy Rankings

By Adam McCann, Financial Writer

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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. Our data set ranges from GDP growth to startup activity to the share of jobs in high-tech industries.

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