STUDY: Hawai‘i Ranks 48th for Economic Growth

June 4, 2019, 11:20 AM HST
* Updated June 7, 8:52 AM

Listen to this Article
1 minuteLoading Audio... Article will play after ad...

Click to find state economy ranking. Source: WalletHub

WalletHub, the same personal finance website and survey site that said Hawai‘i was the happiest state in the nation in 2018, is not quite as flattering when it comes to the Aloha State’s economy.

In WalletHub’s June 3, 2019, report on the Best & Worst State Economies, Hawai‘i the fourth worst in the nation, ranking 48th in terms of economic growth.

ARTICLE CONTINUES BELOW AD

U.S. economic growth depends heavily on the performance of individual states. But some contribute more than others.

In order to determine which states are pulling the most weight, WalletHub compared the 50 states and the District of Columbia across 28 key indicators of economic performance and strength. Its data set ranges from GDP growth to startup activity to share of jobs in high-tech industries.

Although Hawai‘i has the third-lowest unemployment rate and a steadily growing economy (see charts below), the national study says we are lagging when it comes to economic growth.

ARTICLE CONTINUES BELOW AD

In spite of efforts to create high-tech jobs, the state is ranked 50th when it comes to offering careers in these industries.

Hawai‘i is ranked 51st for exports per capita, the last in the nation, including Washington, DC.

Other Hawai‘i Statistics

1st in state-government surplus per capita
3rd lowest unemployment rate, tied with Idaho, South Dakota and Wisconsin.
28th in economic health
47th in innovation potential
48th in independent inventor patents
50th in high-tech jobs
51st in economic activity
51st in exports per capita

BELOW: Data set ranges from GDP growth to startup activity
to share of jobs in high-tech industries.

State	April 2019(P) rate	Rank
Vermont	2.2	1
North Dakota	2.3	2
Iowa	2.4	3
New Hampshire	2.4	3
Hawai‘i	2.8	5
Idaho	2.8	5
South Dakota	2.8	5
Wisconsin	2.8	5
Massachusetts	2.9	9

ARTICLE CONTINUES BELOW AD

For more unemployment rankings, click here.

State Economy Rankings

Overall Rank (1 = Best)	State	Total Score	‘Economic Activity’ Rank	‘Economic Health’ Rank	‘Innovation Potential’ Rank
1	Washington	77.60	1	4	2
2	Utah	73.51	2	1	10
3	Massachusetts	70.23	5	20	1
4	California	69.13	3	35	3
5	Colorado	63.79	9	3	8
6	District of Columbia	58.97	4	15	15
7	Idaho	58.23	13	2	18
8	Oregon	56.83	16	22	7
9	New Hampshire	56.75	20	17	5
10	North Carolina	55.90	15	11	12
11	Arizona	55.54	12	10	14
12	Texas	55.17	10	7	20
13	Michigan	53.87	22	31	4
14	Georgia	53.27	6	18	26
15	Minnesota	51.84	28	16	11
16	Maryland	51.71	18	37	9
17	Virginia	51.33	14	13	25
18	Florida	50.74	8	5	37
19	New York	49.88	11	41	17
20	Nevada	47.06	7	8	48
21	New Jersey	46.85	19	44	13
22	Tennessee	46.48	17	6	39
23	Wisconsin	45.96	29	21	24
24	Missouri	45.95	27	26	21
25	Delaware	45.94	30	25	16
26	Pennsylvania	44.92	21	38	19
27	Connecticut	42.66	42	49	6
28	Indiana	42.58	31	24	30
29	Iowa	42.41	37	14	27
30	North Dakota	42.01	26	27	34
31	Kansas	41.74	24	29	33
32	Nebraska	41.36	36	12	35
33	Illinois	39.06	23	48	29
34	South Carolina	39.02	32	23	41
35	Alabama	38.87	34	30	36
36	Ohio	38.84	25	43	32
37	Vermont	38.57	48	34	22
38	Montana	38.39	46	19	31
39	Oklahoma	35.97	35	33	42
40	South Dakota	35.78	47	9	44
41	New Mexico	35.41	41	51	23
42	Maine	34.42	38	36	43
43	Rhode Island	33.52	50	39	28
44	Wyoming	32.52	45	40	40
45	Kentucky	31.74	33	45	46
46	Arkansas	30.17	43	32	50
47	West Virginia	28.92	40	42	51
48	Hawaii	28.80	51	28	47
49	Mississippi	28.63	44	46	45
50	Louisiana	28.53	39	47	49
51	Alaska	28.49	49	50	38

Breaking News Alerts

Press "Allow" to Activate

STUDY: Hawai‘i Ranks 48th for Economic Growth

Sponsored Content

Subscribe to our Newsletter

Comments