Home DESTACADOS 2021’s Best & Worst State Economies

2021’s Best & Worst State Economies

by Soraya Alcalá

WalletHub

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, Hawaii is struggling with the highest unemployment rate in the country, at 9%. That makes sense considering the state has an economy that relies heavily on tourism, which took a big hit due to the COVID-19 pandemic.

In order to determine which states are pulling the most weight even during this time of economic difficulty, WalletHub compared the 50 states and the District of Columbia across 29 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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