The economies of all 50 states are ranked; where’s North Carolina?
Where does North Carolina rank in terms of having the best economy in the country?
Business Insider recently published an article which ranked the economies of all 50 states and the District of Columbia and ranked them from worst to best.
To determine the findings, the news organization analyzed unemployment rates, gross domestic product per capita, average weekly wages, and recent growth rates for nonfarm payroll jobs, GDP, house prices, and wages.
North Carolina has the No. 26 best economy, according to the list. The following was written about the Tar Heel state:
North Carolina is home to 27 Fortune 1000 companies, including Duke Energy, Lowe’s, and Bank of America.
Job growth was healthy in the state, with a 2.4% increase in nonfarm payrolls between June 2014 and June 2015, slightly higher than the 2.1% national growth rate. The state’s 2014 GDP per capita of $48,585 was a bit below the national level of $54,307.
Here are the 10 best economies in the country, according to Business Insider:
1. North Dakota
3. District of Columbia
8. New Hampshire
9. New York
Here are the 10 worst:
2. West Virginia
4. New Mexico
8. New Jersey
Click here to specifically read how Business Insider came up with the rankings.