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Thursday, April 26, 2018

Ranked: The Best And Worst State Economies

On a global scale, the U.S. economy is massive at close to $19 trillion in size.

However, as Visual Capitalist's Jeff Desjardins explains below, the United States is also the sum of its parts. America represents the union of 50 states and other jurisdictions such as D.C., and all of these state-level economies have their own unique problems to overcome, drivers of growth, and local resources that factor into their prosperity.

How can we compare these state economies on an even playing field?

RANKED: STATE ECONOMIES

Using absolute numbers, it’s hard to directly compare California ($2.75 trillion GDP, 39.5 million people) to a state like Vermont ($33 billion, 0.6 million people). By leveling the playing field, we can get an idea of how states contrast in terms of relative economic strength that companies and workers would better recognize.

Today’s infographic uses 27 metrics from WalletHub to rank state economies.

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2 comments:

Anonymous said...

Md gave us a 2%+ cola this year.

Anonymous said...

Maryland's in lots better fiscal shape than most others. Then there's the crime thing.