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.

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“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.