Washingtonians have one more reason to celebrate. According to a recent survey by personal-finance website WalletHub, Washington ranked as having the best economy in the United States.
In addition, Washington ranked No. 1 for highest GDP growth and ranked No. 4 for the highest percentage of jobs in high-tech industries.
In order to determine which states are pulling the most weight for its 2019’s Best & Worst State Economies report, WalletHub compared the 50 states and the District of Columbia across three key dimensions: economic activity, economic health, and innovation potential.
When asked about the top five indictors when evaluating the states with the best economies Arthur I. Cyr, director, Clausen Center, Clausen Distinguished Professor, Carthage College, said, “Americans, or at least some Americans, are obsessed with finding insight through data. Basic indicators such as education, unemployment, and crime are important. Beyond that, human insight and talent are key, and not easily quantified. Each state is different.”