Georgia economy ranks better than average, but weak on innovation

0

breaking news

Price responds to critics on HIV quarantine query

Georgia economy ranks better than average, but weak on innovation

View CaptionHide Caption
MAURA FRIEDMAN/NYT
A worker collects peaches at Pearson Farm in Fort Valley, Ga., May 25, 2017.  (Maura Friedman/The New York Times)

Georgia’s economy ranks 18th nationally, doing better on broad measures than it does on its potential for innovation, according to a study released Monday morning. 

The ranking of the states – plus the District of Columbia – broke economic performance into three components: activity, health and potential for innovation. 

Georgia, with its solid growth, job creation and vibrant export trade, scored high in the “Economic Activity” category, according to WalletHub.

The Washington-D.C.-based credit advisory company compiled the data and surveyed a panel of experts, the latest in a continuing series of rankings produced by the company.

  Georgia ranked eighth on activity, the sheer frequency and magnitude of economic transaction and growth. 

However, on economic health – which includes poverty, health insurance, pension funding and unemployment – the state came in 21st.

And Georgia ranked 29th – below average -- on innovation, which includes investments in technology and entrepreneurialism.

Overall, the state of Washington ranked first. Bringing up the rear was West Virginia. (As for you snarky “Thank God for Mississippi” folks who always look to the Magnolia State to provide the bottom, be reassured. The Magnolia State did come in 49th.)  

____________________ 

Overall Rank (1 = Best)  

1 Washington

2 California

3 Utah

4 Massachusetts

5 District of Columbia

6 Colorado

7 Oregon

8 New Hampshire

9 Maryland

10 Delaware

11 Idaho

12 Michigan

13 Virginia

14 Arizona

15 North Carolina

16 Connecticut

17 Minnesota

18 Georgia

19 New York

20 Texas 

Source: WalletHub 

MYAJC.COM: REAL JOURNALISM. REAL LOCAL IMPACT.

AJC Business reporter Michael E. Kanell keeps you updated on the latest news about jobs, housing and consumer issues in metro Atlanta and beyond. You'll find more on myAJC.com, including these stories:

Never miss a minute of what's happening in local business news. Subscribe to myAJC.com.

In other Business news:

Georgia's aerospace industry is creating jobs and has more than 800 Aerospace companies throughout Georgia, exporting nearly $8B in planes and parts.
View Comments 0

Weather and Traffic