Hawaii may have low unemployment (the third-lowest rate, actually) and a modest but steadily growing economy (the latter estimate according to local forecasts), but a national study says we stink when it comes to economic growth.

WalletHub, the personal finance website that frequently releases headline-grabbing surveys (e.g., Best Foodie Cities in America), now reports that Hawaii ranks 48th in terms of economic growth — meaning that we are the fourth worst.

The data set ranges “from GDP growth to startup activity to share of jobs in high-tech industries,” says WalletHub.

Source: WalletHub

In spite of state and county efforts to create high-tech jobs, Hawaii is ranked 50th when it comes to offering careers in these industries.

We are also 51st for exports per capita. (The District of Columbia is included in the analysis.)

The best state for economic growth, says WalletHub is Washington state, home to Amazon and Microsoft, among others. The worst state is Alaska, home to oil and gas.

Hawaii did score well in at least one economic indicator: highest state-government surplus per capita.

Quality journalism takes time.

A story that takes fives minutes to read often takes days to report.
 
Quality journalism takes time and resources to produce, but with support from readers like you, Civil Beat can investigate issues and publish stories that are otherwise difficult to fund.
 
Become a donor and help support Civil Beat’s next investigation.

About the Author