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.)
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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
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