A new report ranks Texas fourth as best state economy, CultureMap Dallas reported:
“Despite growing sentiments that the U.S. is on a path towards a recession, Texas is pulling a lot of weight with one of the best state economies in the nation, according to a new annual report from WalletHub.
“Texas’ strong state economy ranked No. 4, with Washington (No. 1), Utah (No. 2), and Massachusetts (No. 3) claiming the top three spots.
“The study analyzed all 50 states and the District of Columbia based on 28 metrics to determine the “Best & Worst State Economies” in 2024. Each state was ranked across three major categories: Economic activity, economic health, and innovation potential.
“The Lone Star State earned a score of 60.08 out of 100 possible points, nipping at the heels of Massachusetts, which earned 61.52 points. For comparison, Washington claimed its No. 1 title with a score of 71.10.
“Here’s how Texas performed within the three major categories in the study:
- No. 2 – Economic activity
- No. 7 – Economic health
- No. 24 – Innovation potential
“Most notably, Texas tied with Louisiana for the No. 1 most exports per capita nationwide, according to the report’s findings. Texas also had the second-highest change in GDP (gross domestic product) from 2022 to 2023.”
To read the entire CultureMap Dallas article, click HERE.