WYOMING – New research finds Wyoming is woefully behind when it comes to a comparison of state economies.
US economic growth depends heavily on the performance of individual states. But some contribute more than others. California, for instance, blossomed in 2017 as the fifth largest economy in the world, boasting a GDP larger than that of countries like the UK, France and India. Meanwhile, Alaska, a state with valuable natural resources, is struggling with the highest unemployment rate in the country, at 6.5%.
In order to determine which states are pulling the most weight, WalletHub compared the 50 states and the District of Columbia across 28 key indicators of economic performance and strength. Their data set ranges from GDP growth to startup activity to share of jobs in high-tech industries.
With Wyoming admittedly struggling to revitalize its economy amid an oil/gas/coal slowdown, it is not surprising to see the Equality State lagging toward the bottom of the pack at #44. Wyoming received across-the-board dismal scores for Economic Activity (45th), Economic Health (40th), and Innovation Potential (40th).
Idaho ranked an impressive 7th, Utah was 4th, Washington was 1st.
