GBFan
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- Joined
- Oct 30, 2013
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The Economic Outlook Ranking is a forecast based on a current state's current standing in 15 state policy variables. Each of these factors is influenced directly by state lawmakers through the legislative process. Generally speaking, states that spend less - especially on income transfer programs, and states that tax less, particularly on productive activities such as working or investing – experience higher growth rates than states that tax and spend more.
The Economic Performance Ranking is a backward-looking measure based on a state’s performance on three important variables: State Gross Domestic Product, Absolute Domestic Migration, and Non-Farm Payroll Employment—all of which are highly influenced by state policy. This ranking details states’ individual performances over the past 10 years based on this economic data.
Rank
State
Rank
State
1
Utah
26
Arkansas
2
South Dakota
27
Delaware
3
Indiana
28
Massachusetts
4
North Dakota
29
Louisiana
5
Idaho
30
West Virginia
6
North Carolina
31
South Carolina
7
Arizona
32
New Hampshire
8
Nevada
33
Pennsylvania
9
Georgia
34
Maryland
10
Wyoming
35
Nebraska
11
Virginia
36
Hawaii
12
Michigan
37
New Mexico
13
Texas
38
Washington
14
Mississippi
39
Kentucky
15
Kansas
40
Maine
16
Florida
41
Rhode Island
17
Wisconsin
42
Oregon
18
Alaska
43
Montana
19
Tennessee
44
Connecticut
20
Alabama
45
New Jersey
21
Oklahoma
46
Minnesota
22
Colorado
47
California
23
Ohio
48
Illinois
24
Missouri
49
Vermont
25
Iowa
50
New York
Interesting to note that 8 out of the top 10 states have Republican governors, and 9 out of bottom ten have Democrat governors. Given that there are 29 Republican governors, and only 21 Democrat governors, that spread can be considered statistically significant.
The Economic Performance Ranking is a backward-looking measure based on a state’s performance on three important variables: State Gross Domestic Product, Absolute Domestic Migration, and Non-Farm Payroll Employment—all of which are highly influenced by state policy. This ranking details states’ individual performances over the past 10 years based on this economic data.
Rank
State
Rank
State
1
Utah
26
Arkansas
2
South Dakota
27
Delaware
3
Indiana
28
Massachusetts
4
North Dakota
29
Louisiana
5
Idaho
30
West Virginia
6
North Carolina
31
South Carolina
7
Arizona
32
New Hampshire
8
Nevada
33
Pennsylvania
9
Georgia
34
Maryland
10
Wyoming
35
Nebraska
11
Virginia
36
Hawaii
12
Michigan
37
New Mexico
13
Texas
38
Washington
14
Mississippi
39
Kentucky
15
Kansas
40
Maine
16
Florida
41
Rhode Island
17
Wisconsin
42
Oregon
18
Alaska
43
Montana
19
Tennessee
44
Connecticut
20
Alabama
45
New Jersey
21
Oklahoma
46
Minnesota
22
Colorado
47
California
23
Ohio
48
Illinois
24
Missouri
49
Vermont
25
Iowa
50
New York
Interesting to note that 8 out of the top 10 states have Republican governors, and 9 out of bottom ten have Democrat governors. Given that there are 29 Republican governors, and only 21 Democrat governors, that spread can be considered statistically significant.