Hawaii has the ninth worst state economy in the nation, according to a WalletHub report “2018’s Best & Worst State Economies,” released today.
WalletHub, a Washington, D.C.-based personal finance website, compared the 50 states and District of Columbia across 28 key indicators of economic performance and strength, including gross domestic product growth, startup activity and share of jobs in high-tech industries.
Hawaii ranked last, No. 51, in annual median household income, No. 49 in percentage of jobs in high-tech industries and No. 51 in exports per capita. Also, Hawaii ranked No. 43 in startup activity. At the same time, Hawaii has the lowest unemployment rate and highest state-government surplus per capita.
The top-ranking state economies in the U.S. were Washington (No. 1), Utah (No. 2), Massachusetts (No. 3), California (No. 4) and Colorado (No. 5).
The bottom-ranking state economies in the U.S. were Arkansas (No. 47), West Virginia (No. 48), Alaska (No. 49), Mississippi (No. 50) and Louisiana (No. 51).