Why Idaho is Improving Economically Compared to Other States

The economy has been down for the last few years and while it still isn't back to where most of us would like, there has been some improvement. There are still far too many people struggling and in need of financial help, but that will never change. Depending where you live can dictate how the economy is for you, as certain states thrive more than others, while other states are known to be in poverty. When it comes to the economy by state, which state has the best, which state has the worst, and how does Idaho's economy compare to them all?

Best and Worst Economies By State

WalletHub recently released a list of the states with the best economy to the states with the worst and used a few different categories to do so, such as economic activity, economic health, and innovation potential. It was determined that Washington has the best economy, with Utah having the second best, and Massachusetts having the third best. The state with the worst economy is West Virginia, with Louisiana having the second worst, and Alaska rounding out the bottom three. 

Does Idaho Have a Good or Bad Economy?

While Idaho's economy is not the best in the country, or even the top five, it does come in as the sixth best in the country. Idaho ranks 14 in economic activity, 2 in economic health, and 14 in innovation potential. Idaho is the best state when it comes to change in GDP, which stands for gross domestic product. GDP measures the monetary value of final goods and services. 

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While it may not feel like it, the economy in Idaho is on the rise and is improving. While there are a few states with better economies in the country, Idaho ranks highly compared to the rest of the country and is thriving compared to many other places. To check out the full list, make sure to click the link above.