Top 10 US states with better economies

US states are very different in terms of economic development and prospects.

Фото: Depositphotos

Edition Business Insider estimated all regions of the country according to the level of development of their economy.

For this, six criteria were chosen: unemployment, employment growth, GDP per capita, GDP growth, average weekly wages and wage growth rates. Based on these data, the total score for each state was derived.

Top-10 states with the highest level of economic development:

1. Columbia region

GDP per capita: $ 195 283

Weekly salary (as of August 2018): $ 1 485

2. Washington

GDP growth in the state in the first quarter of 2018 was 3,6% (the highest among all states and the District of Columbia).

Weekly salary (as of August 2018): $ 1 124

3. Colorado

Colorado's GDP growth rate in the first quarter of 2018 was 3%, the fourth-fastest among the 50 states and the District of Columbia, and average weekly wage growth was 5,5%, the second-fastest of any U.S. region.

4. Wyoming

The wage growth rate in Wyoming was 9,2% from August 2017 to August 2018 and was the highest among 50 states and Columbia. GDP growth in the first quarter of 2018 was 2,9% (the fifth largest figure among US regions).

5. Hawaii

The unemployment rate in August 2018 in Hawaii was 2,1%, which is the lowest among 50 states and the District of Columbia, and the wage growth rate was 5,2% from August 2017 to August 2018 (the fifth largest figure in the country’s regions) .

6. Utah

Utah's GDP growth rate in the first quarter of 2018 was 3,2% (the second largest figure among 50 states and the District of Columbia), and non-farm employment growth rates increased by 3,5% from August 2017 to August 2018, which was the most high rate in the country.

7. Texas

Texas non-farm employment growth rates were 3,2% from August 2017 to August 2018 (4 ranked among 50 states and District of Columbia), and GDP growth in the first quarter of 2018 was 2,9% (fifth in the country) .

8. Massachusetts

In August 2018, Massachusetts had a per capita GDP of $79 and a median weekly wage of $047 (third-highest among the 1 states and the District of Columbia).

9. Virginia

The wage growth rate in Virginia was 4,8% from August 2017 to August 2018 (the ninth largest figure among 50 states and the District of Columbia), and the unemployment rate in August 2018 was 3% (the tenth lowest in the United States).

10. Iowa

The GDP growth rate in the first quarter of 2018 was 2,9% (fifth place among 50 states and the District of Columbia), and the unemployment rate in August 2018 was 2,5% (the second lowest figure in the United States).

Florida ranked 11, state employment growth in the state from August 2017 to August 2018 was 2,6% (the ninth largest figure among 50 states and DC) and GDP growth in the 1 quarter of 2018 accounted for 2,5% (9 ranks among US regions).

California ranked 15 ranking: average weekly wages in California in August 2018 amounted to 1060 dollars (fifth place in the country), and GDP per capita in the 1 quarter 2018 of the year amounted to 71 506 dollars (ninth place in the country).

New York was on the 23-th place. GDP per capita in the first quarter of the year 2018 in the state was 79 503 dollar (second place among the 50 states and the District of Columbia), but the state GDP growth rate was only 1,1% (tenth, the lowest in the United States).

New Jersey took the 28 line: the average weekly wage in the state in August was 2018 1 001 dollar (8 place in the US), and GDP per capita in the first quarter 2018 year 67 486 dollars (11-place among the US regions) .

Illinois ended up on the 33 location. The growth rate of employment in the state’s non-farm sector was 0,8% from August 2017 to August 2018 (7 ranked in the USA). In the first quarter of 2018, GDP per capita in Illinois was 65 889 dollars, which is slightly above the average among US regions: 60 895 dollars.

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