The West leads the rest of the nation in a new ranking of state economies, with Washington and California taking the first and second places and three other Western states close behind.
WalletHub, a financial information service known for it’s detailed rankings, also placed Utah, Colorado and Oregon in the top seven for 2017.
California is often criticized for for high taxes, onerous regulations and the supposed costs of a large immigrant population, but those didn’t seem to affect its ranking.
The Golden State was second in both economic activity and innovation potential, while Texas, for example, was 19th in economic activity and 21st in innovation.
WalletHub noted California “blossomed in 2016 as the sixth largest economy in the world, boasting a GDP that’s comparable in size to the UK’s and even larger than those of France and India.”
States were evaluated on 27 metrics from GDP growth to patents issued to exports to the educational level of recent immigrants.
>> Subscribe to Times of San Diego’s free daily email newsletter! Click hereFollow Us: