News & Media

Surging NC Economy Rises 4 Spots to No. 7 in US, Says New Report

Provided by WRAL Tech Wire, written by Jason Parker on June 9, 2022 —

North Carolina has one of the best state economies in America, according to a new analysis from financial news and information site WalletHub. And this report is based on data compiled before Meta reportedly is preparing to pick Durham as a home for an expansion project.

Even without Meta, the Tar Heel State continues to punch above its size.  Though the state ranks 9th in population, according to the most recent U.S. Census, North Carolina ranked 7th overall in the new analysis from WalletHub.

That’s up four spots from the 2021 rankings, when North Carolina ranked 11th.  This year’s study measures and analyzes 28 indicators in three broad categories: economic activity, economic health, and innovation potential.  The 2021 study included an additional metric that was related to the COVID-19 pandemic that was removed for the 2022 analysis, a spokesperson for WalletHub told WRAL TechWire.

The study was not published in 2020, and in the 2019 iteration, the state ranked 10th.  In 2017, the state ranked 15th.

To read the rest of the article on How NC Compares and Behind North Carolina’s Ranking, click here.

Source: Parker, Jason. “Surging NC economy rises 4 spots to No. 7 in US, says new report, WRAL Tech Wire, 9 June 2022,