WalletHub's ranking of U.S. state economies

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WalletHub ranked the 50 U.S. states and the District of Columbia to determine which state had the best -- and worst -- economies. Analysts went over 27 key indicators of economic performance and strength to come up with their list of the top state economies.

WalletHub gave each state a ranking based on "economic activity," "economic health" and "innovation potential," with each carrying a one-third weight on the total score. Economic activity was based on GDP growth, shares of fast-growing firms, exports per capita, startup activity and quality of legal system. Economic Health was based on unemployment rate, underemployment rate, median household income and several other economic factors. Innovation Potential was based on shares of jobs in high-tech industries, share of jobs that are STEM professionals, and other factors.

Check out more of the list below:

51) West Virginia


Total Score: 28.14 'Economic Activity' Rank: 48 'Economic
(Credit: Getty Images / Joe Raedle)

Total Score: 28.14
'Economic Activity' Rank: 48
'Economic Health' Rank: 49
'Innovation Potential' Rank: 51

50) Louisiana

Total Score: 33.22 'Economic Activity' Rank: 42 'Economic
(Credit: Getty Images / Mario Tama)

Total Score: 33.22
'Economic Activity' Rank: 42
'Economic Health' Rank: 50
'Innovation Potential' Rank: 49

49) Mississippi

Total Score: 34.99 'Economic Activity' Rank: 41 'Economic
(Credit: Getty Images / Mario Tama)

Total Score: 34.99
'Economic Activity' Rank: 41
'Economic Health' Rank: 48
'Innovation Potential' Rank: 46

48) Arkansas

Total Score: 35.88 'Economic Activity' Rank: 45 'Economic
(Credit: AP / Danny Johnston)

Total Score: 35.88
'Economic Activity' Rank: 45
'Economic Health' Rank: 35
'Innovation Potential' Rank: 50

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47) Oklahoma

Total Score: 37.11 'Economic Activity' Rank: 49 'Economic
(Credit: AP / Sue Ogrocki)

Total Score: 37.11
'Economic Activity' Rank: 49
'Economic Health' Rank: 37
'Innovation Potential' Rank: 42

46) Alaska

Total Score: 37.68 'Economic Activity' Rank: 50 'Economic
(Credit: AP / Dan Joling)

Total Score: 37.68
'Economic Activity' Rank: 50
'Economic Health' Rank: 39
'Innovation Potential' Rank: 33

45) Maine

Total Score: 38.91 'Economic Activity' Rank: 37 'Economic
(Credit: AP / Robert F. Bukaty)

Total Score: 38.91
'Economic Activity' Rank: 37
'Economic Health' Rank: 36
'Innovation Potential' Rank: 47

44) Kentucky

Total Score: 38.94 'Economic Activity' Rank: 28 'Economic
(Credit: AP / Robert F. Bukaty)

Total Score: 38.94
'Economic Activity' Rank: 28
'Economic Health' Rank: 46
'Innovation Potential' Rank: 48

43) Wyoming

Total Score: 39.40 'Economic Activity' Rank: 47 'Economic
(Credit: AP / David Zalubowski)

Total Score: 39.40
'Economic Activity' Rank: 47
'Economic Health' Rank: 32
'Innovation Potential' Rank: 45

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42) North Dakota

Total Score: 41.11 'Economic Activity' Rank: 51 'Economic
(Credit: AP / Mikhail Iliev)

Total Score: 41.11
'Economic Activity' Rank: 51
'Economic Health' Rank: 8
'Innovation Potential' Rank: 36

41) Alabama

Total Score: 41.58 'Economic Activity' Rank: 32 'Economic
(Credit: AP / Butch Dill)

Total Score: 41.58
'Economic Activity' Rank: 32
'Economic Health' Rank: 38
'Innovation Potential' Rank: 43

40) New Mexico

Total Score: 42.08 'Economic Activity' Rank: 44 'Economic
(Credit: AP / Susan Montoya Bryan)

Total Score: 42.08
'Economic Activity' Rank: 44
'Economic Health' Rank: 51
'Innovation Potential' Rank: 16

39) Hawaii

Total Score: 43.71 'Economic Activity' Rank: 38 'Economic
(Credit: AP / Lucy Pemoni)

Total Score: 43.71
'Economic Activity' Rank: 38
'Economic Health' Rank: 30
'Innovation Potential' Rank: 38

38) Kansas

Total Score: 44.25 'Economic Activity' Rank: 43 'Economic
(Credit: AP / Charlie Riedel)

Total Score: 44.25
'Economic Activity' Rank: 43
'Economic Health' Rank: 34
'Innovation Potential' Rank: 32

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37) Ohio

Total Score: 45.67 'Economic Activity' Rank: 30 'Economic
(Credit: AP / Al Behrman)

Total Score: 45.67
'Economic Activity' Rank: 30
'Economic Health' Rank: 42
'Innovation Potential' Rank: 28

36) Rhode Island

Total Score: 46.02 'Economic Activity' Rank: 40 'Economic
(Credit: AP / Charles Krupa)

Total Score: 46.02
'Economic Activity' Rank: 40
'Economic Health' Rank: 40
'Innovation Potential' Rank: 20

35) Tennessee

Total Score: 46.40 'Economic Activity' Rank: 29 'Economic
(Credit: AP / Mark Humphrey)

Total Score: 46.40
'Economic Activity' Rank: 29
'Economic Health' Rank: 17
'Innovation Potential' Rank: 44

34) Illinois

Total Score: 46.93 'Economic Activity' Rank: 27 'Economic
(Credit: AP / Kiichiro Sato)

Total Score: 46.93
'Economic Activity' Rank: 27
'Economic Health' Rank: 43
'Innovation Potential' Rank: 26

33) Iowa

Total Score: 47.01 'Economic Activity' Rank: 31 'Economic
(Credit: AP / Charlie Neibergall)

Total Score: 47.01
'Economic Activity' Rank: 31
'Economic Health' Rank: 22
'Innovation Potential' Rank: 37

32) South Dakota

Total Score: 47.09 'Economic Activity' Rank: 39 'Economic
(Credit: AP / Dirk Lammers)

Total Score: 47.09
'Economic Activity' Rank: 39
'Economic Health' Rank: 5
'Innovation Potential' Rank: 39

31) Montana

Total Score: 47.66 'Economic Activity' Rank: 46 'Economic
(Credit: AP / Matthew Brown)

Total Score: 47.66
'Economic Activity' Rank: 46
'Economic Health' Rank: 13
'Innovation Potential' Rank: 25

30) Pennsylvania

Total Score: 47.73 'Economic Activity' Rank: 25 'Economic
(Credit: AP / Gene J. Puskar)

Total Score: 47.73
'Economic Activity' Rank: 25
'Economic Health' Rank: 41
'Innovation Potential' Rank: 27

29) Nevada

Total Score: 48.11 'Economic Activity' Rank: 22 'Economic
(Credit: Getty Images / David McNew)

Total Score: 48.11
'Economic Activity' Rank: 22
'Economic Health' Rank: 27
'Innovation Potential' Rank: 40

28) Indiana

Total Score: 48.89 'Economic Activity' Rank: 26 'Economic
(Credit: AP / Michael Conroy)

Total Score: 48.89
'Economic Activity' Rank: 26
'Economic Health' Rank: 25
'Innovation Potential' Rank: 35

27) Nebraska

Total Score: 49.00 'Economic Activity' Rank: 36 'Economic
(Credit: Getty Images / Peter Aiken)

Total Score: 49.00
'Economic Activity' Rank: 36
'Economic Health' Rank: 7
'Innovation Potential' Rank: 34

26) Vermont

Total Score: 49.10 'Economic Activity' Rank: 35 'Economic
(Credit: AP / Toby Talbot)

Total Score: 49.10
'Economic Activity' Rank: 35
'Economic Health' Rank: 31
'Innovation Potential' Rank: 22

25) Wisconsin

Total Score: 49.16 'Economic Activity' Rank: 33 'Economic
(Credit: AP / Scott Bauer)

Total Score: 49.16
'Economic Activity' Rank: 33
'Economic Health' Rank: 14
'Innovation Potential' Rank: 31

24) South Carolina

Total Score: 49.78 'Economic Activity' Rank: 14 'Economic
(Credit: AP / Bruce Smith)

Total Score: 49.78
'Economic Activity' Rank: 14
'Economic Health' Rank: 23
'Innovation Potential' Rank: 41

23) Missouri

Total Score: 50.17 'Economic Activity' Rank: 34 'Economic
(Credit: AP / Charlie Riedel)

Total Score: 50.17
'Economic Activity' Rank: 34
'Economic Health' Rank: 19
'Innovation Potential' Rank: 24

22) Florida

Total Score: 54.48 'Economic Activity' Rank: 13 'Economic
(Credit: AP / Chris O'Meara)

Total Score: 54.48
'Economic Activity' Rank: 13
'Economic Health' Rank: 12
'Innovation Potential' Rank: 30

21) New Jersey

Total Score: 55.13 'Economic Activity' Rank: 11 'Economic
(Credit: AP / Julio Cortez)

Total Score: 55.13
'Economic Activity' Rank: 11
'Economic Health' Rank: 47
'Innovation Potential' Rank: 11

20) Texas

Total Score: 55.40 'Economic Activity' Rank: 19 'Economic
(Credit: AP / Pat Sullivan)

Total Score: 55.40
'Economic Activity' Rank: 19
'Economic Health' Rank: 15
'Innovation Potential' Rank: 21

19) New York

Total Score: 55.66 'Economic Activity' Rank: 7 'Economic
(Credit: AP / Mark Lennihan)

Total Score: 55.66
'Economic Activity' Rank: 7
'Economic Health' Rank: 44
'Innovation Potential' Rank: 18

18) Georgia

Total Score: 55.99 'Economic Activity' Rank: 8 'Economic
(Credit: AP / David Goldman)

Total Score: 55.99
'Economic Activity' Rank: 8
'Economic Health' Rank: 21
'Innovation Potential' Rank: 29

17) Minnesota

Total Score: 56.56 'Economic Activity' Rank: 20 'Economic
(Credit: AP / Ann Heisenfelt)

Total Score: 56.56
'Economic Activity' Rank: 20
'Economic Health' Rank: 16
'Innovation Potential' Rank: 17

16) Connecticut

Total Score: 57.25 'Economic Activity' Rank: 12 'Economic
(Credit: AP / Jessica Hill)

Total Score: 57.25
'Economic Activity' Rank: 12
'Economic Health' Rank: 45
'Innovation Potential' Rank: 9

15) North Carolina

Total Score: 57.34 'Economic Activity' Rank: 24 'Economic
(Credit: AP / Chuck Burton)

Total Score: 57.34
'Economic Activity' Rank: 24
'Economic Health' Rank: 11
'Innovation Potential' Rank: 12

14) Arizona

Total Score: 57.35 'Economic Activity' Rank: 16 'Economic
(Credit: AP / Matt Slocum)

Total Score: 57.35
'Economic Activity' Rank: 16
'Economic Health' Rank: 24
'Innovation Potential' Rank: 14

13) Virginia

Total Score: 57.51 'Economic Activity' Rank: 9 'Economic
(Credit: AP / J. Scott Applewhite)

Total Score: 57.51
'Economic Activity' Rank: 9
'Economic Health' Rank: 18
'Innovation Potential' Rank: 23

12) Michigan

Total Score: 57.86 'Economic Activity' Rank: 23 'Economic
(Credit: AP / Carlos Osorio)

Total Score: 57.86
'Economic Activity' Rank: 23
'Economic Health' Rank: 33
'Innovation Potential' Rank: 8

11) Idaho

Total Score: 58.20 'Economic Activity' Rank: 21 'Economic
(Credit: AP / Todd Dvorak)

Total Score: 58.20
'Economic Activity' Rank: 21
'Economic Health' Rank: 2
'Innovation Potential' Rank: 19

10) Delaware

Total Score: 59.82 'Economic Activity' Rank: 10 'Economic
(Credit: AP / Matt Rourke)

Total Score: 59.82
'Economic Activity' Rank: 10
'Economic Health' Rank: 20
'Innovation Potential' Rank: 15

9) Maryland

Total Score: 60.97 'Economic Activity' Rank: 18 'Economic
(Credit: Getty Images / Patrick Smith)

Total Score: 60.97
'Economic Activity' Rank: 18
'Economic Health' Rank: 28
'Innovation Potential' Rank: 6

8) New Hampshire

Total Score: 62.52 'Economic Activity' Rank: 17 'Economic
(Credit: Getty Images / Spencer Platt)

Total Score: 62.52
'Economic Activity' Rank: 17
'Economic Health' Rank: 10
'Innovation Potential' Rank: 7

7) Oregon

Total Score: 65.65 'Economic Activity' Rank: 6 'Economic
(Credit: AP / Don Ryan)

Total Score: 65.65
'Economic Activity' Rank: 6
'Economic Health' Rank: 9
'Innovation Potential' Rank: 10

6) Colorado

Total Score: 66.37 'Economic Activity' Rank: 15 'Economic
(Credit: AP / Charlie Riedel)

Total Score: 66.37
'Economic Activity' Rank: 15
'Economic Health' Rank: 3
'Innovation Potential' Rank: 5

5) Washington, D.C.

Total Score: 67.09 'Economic Activity' Rank: 3 'Economic
(Credit: AP / J. David Ake)

Total Score: 67.09
'Economic Activity' Rank: 3
'Economic Health' Rank: 6
'Innovation Potential' Rank: 13

4) Massachusetts

Total Score: 73.34 'Economic Activity' Rank: 4 'Economic
(Credit: AP / Steven Senne)

Total Score: 73.34
'Economic Activity' Rank: 4
'Economic Health' Rank: 29
'Innovation Potential' Rank: 1

3) Utah

Total Score: 73.77 'Economic Activity' Rank: 5 'Economic
(Credit: AP / Rick Bowmer)

Total Score: 73.77
'Economic Activity' Rank: 5
'Economic Health' Rank: 1
'Innovation Potential' Rank: 4

2) California

Total Score: 73.78 'Economic Activity' Rank: 2 'Economic
(Credit: AP / Marcio Jose Sanchez)

Total Score: 73.78
'Economic Activity' Rank: 2
'Economic Health' Rank: 26
'Innovation Potential' Rank: 2

1) Washington

Total Score: 73.78 'Economic Activity' Rank: 1 'Economic
(Credit: AP / Elaine Thompson)

Total Score: 73.78
'Economic Activity' Rank: 1
'Economic Health' Rank: 4
'Innovation Potential' Rank: 3

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