Oklahoma economy near the bottom

Oklahoma is below average in every category except employment in a recent study of state economies by WalletHub.com.

Oklahoma is No. 50 (50 states and the District of Columbia) in exports per capita.

Here is how the Sooner State measures up:

  • 19th – unemployment rate
  • 25th – business startup activity
  • 32nd – percent of fast-growing firms
  • 40th – immigration of U.S. knowledge workers
  • 42nd – annual median household income
  • 44th – percent of jobs in high-tech industries
  • 45th – nonfarm payrolls change
  • 50th – exports per capita

Illinois, for instance, is currently in a fiscal free fall, with no budget for the second year in a row and the highest unemployment rate in the Midwest. Meanwhile, California has blossomed into the seventh largest economy in the world, boasting a GDP of $2.3 trillion, which was comparable to Brazil’s $2.2 trillion, in 2014.

WalletHub’s analysts compared the economic performance of the 50 states and the District of Columbia in three areas: economic activity, economic health and innovation potential.

Best State Economies

  1. Utah
  2. Washington
  3. California
  4. Massachusetts
  5. Colorado
  6. Delaware
  7. District of Columbia
  8. New York
  9. Texas
  10. Oregon
  11. Missouri
  12. Kansas
  13. Oklahoma
  14. Louisiana
  15. New Mexico
  16. Arkansas