The economy is opening up around the nation and some state economies suffered more than others during the COVID-19 pandemic.
But there are some states, including Georgia which managed to continue show economic health.
A recent study by the personal finance website WalletHub showed the Peach State ranked near the top. Analyst Jill Gonzalez. “Georgia, out of the states we ranked, all 50 plus D.C., ranked 10th, so in the top ten which is a great place to be.”
Analysts studied nearly 30 indicators including GDP, startup activity, and unemployment, to determine the top economic performers. Georgia did well in several categories, with some room for improvement. “It actually ranked in the top five for things like a change in GDP [Gross Domestic Production], for having fast growing firms, for having a large amount of exports per capita” according to Gonzalez. “So that’s where it’s doing the best. It could be doing a little bit better in terms of innovation, so more jobs in STEM, more jobs in high-tech industries would push it even higher on the list.”
Gonzalez says there were trends on the list, with some industries able to sustain growth better than others. “Well manufacturing, agriculture, logistics all did very well over the past couple of years. Obviously, things like tourism and travel did not.”
To view the entire list visit WalletHub.com.
