Delaware economy ranks 10th in WalletHub report

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Source: WalletHub
 

Delaware ranked 10th in an economic strength survey from the financial information site WalletHub. Neighboring Maryland ranked ninth, with Pennsylvania at 30th. The state of Washington ranked first.

Delaware’s ranking in other categories:
• 12th – Exports per Capita
• 17th – Startup Activity
• 15th – Percentage of Jobs in High-Tech Industries
• 15th – Annual Median Household Income
• 28th – Unemployment Rate

WalletHub’s analysis compared  50 states and the District of Columbia across 27 key indicators of economic performance and strength.
The data set ranges from gross domestic product growth to startup activity to share of jobs in high-tech industries.
 
Authors noted that some states are economic powerhouses. For example,,  California is now the sixth-largest economy in the world, with a gross domestic product that’s comparable in size to the U.K.’s and even larger than the economies of France and India.By contrast, Illinois continues to be in a deep trouble, with a record $14.5 billion in unpaid debt. The state ranked 34th overall.

At the bottom of the rankings were Louisiana and West Virginia.

The ranking for Delaware may raise some eyebrows, given the recent difficulties faced by the state that have  included the loss of 1,700 jobs at DuPont Co.and a state budget shortfall of  $382 million.

 

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