How Does Our Economy in the Ark-La-Tex Measure Up to the Rest of the US?
It would appear that we could do a little better when it comes to contributing.
What is our nation's economy, but the combined success or failures of our individual states? We all have our own ways of contributing to the success of our nation through our resources and wealth. Some states fare better than others, but this also varies from year to year.
According to WalletHub, California had a booming 2016 and actually became the sixth largest economy in the world. On the other side of that coin (pun intended), Illinois seems to be struggling with debt. The financial site posted their list of the best and worst state economies in the U.S. taking into account metrics like startup activity, high-tech industry jobs, and growth.
Let's just say that the Ark-La-Tex could stand a little work.
While Washington came out on top of their list, making them the best state with the best economy, Louisiana and Arkansas struggled. Louisiana weighed in at number 50 on the list, but Arkansas didn't do too much better with a number 48 rank. On the other hand, Texas seems to be moving in the right direction as they came in at number 20.