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MS has the 2nd worst economy in the U.S.

The Confederate battle emblem in the corner of the Mississippi state flag continues to fan the...
The Confederate battle emblem in the corner of the Mississippi state flag continues to fan the flames of debate over whether or not it should be taken down or changed. (Photo source: WLOX)
Published: Nov. 12, 2018 at 10:10 AM CST
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MEMPHIS, TN (WMC) - With economic growth varying significantly from one state to another - California recently became the fifth largest economy in the world while Alaska has an unemployment rate over 7%, for instance - the personal-finance website WalletHub has released its report on 2018’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, in categories ranging from GDP growth to startup activity to share of jobs in high-tech industries.

Best State Economies:

  1. Washington
  2. Utah
  3. Massachusetts
  4. California
  5. Colorado
  6. District  of Columbia
  7. Idaho
  8. Oregon
  9. Georgia
  10. Texas

Worst State Economies:

42. New Mexico

43. Hawaii

44. Oklahoma

45. South Dakota

46. Maine

47. Arkansas

48. West Virginia

49. Alaska

50. Mississippi

51. Louisiana

Best vs. Worst

Louisiana has the highest value of exports per capita, $12,161, which is 18.3 times higher than in Hawaii, the state with the lowest at $664.

Hawaii has the lowest unemployment rate, 2.1 percent, which is 3.5 times lower than in Alaska, the state with the highest at 7.3 percent.

New Hampshire has the lowest share of the population living in poverty, 8.5 percent, which is 2.6 times lower than in Mississippi, the state with the highest at 22.3 percent.

South Dakota has the lowest foreclosure rate, 0.0090 percent, which is 18.4 times lower than in New Jersey, the state with the highest at 0.1653 percent.

Massachusetts has the highest share of jobs in high-tech industries, 7.91 percent, which is 3.5 times higher than in Wyoming, the state with the lowest at 2.25 percent.

To read the full report and see where other Mid-South states rank, click here.

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