U.S. States with the Best Economy Rankings | State Economies Ranked 2025

U.S. States with the Best Economy Rankings (2025)

Explore which states have the strongest economies and top states for business growth

2025 U.S. Economic Insights

This economic assessment examines U.S. states with the best economy indicators based on quantitative analysis. Research demonstrates Utah (66.4%), Idaho (62.1%), and Florida (56.5%) exhibit superior combined growth metrics nationally. The analysis identifies which top states for business demonstrate optimal economic fundamentals for commercial development and capital investment opportunities.

State Economies Ranked

Business Growth

Historical Trends

Growth Analysis

U.S. States with the Best Economy: Complete 2025 Rankings

Top 10

All States

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States with the Best Economy Map

Outstanding (35+ Score)

Normal (20-35 Score)

Medium (15-20 Score)

Low Performing (< 15 Score)

Select a state to view economic analysis details

State Analysis

Key Insights:

Top States for Business: Complete Economic Data

Rank ↓	State	Firm Growth	Payroll Growth	Combined Growth	Avg. Annual Growth	Composite Score

Data Source & Methodology

This analysis utilizes data from the U.S. Census Bureau's Statistics of U.S. Businesses (SUSB), Annual Data Tables 2021.

Source: U.S. Census Bureau SUSB

The complete dataset was analyzed using statistical models to calculate growth metrics across a decade-long period. Projections through 2025 were derived using regression analysis of historical trends.

Methodology: How We Ranked States with the Best Economy

This comprehensive analysis of state economies uses official data from the U.S. Census Bureau's Statistics of U.S. Businesses (SUSB). We evaluated economic performance across multiple dimensions:

Firm Growth: Percentage increase in number of businesses from 2012-2021
Payroll Growth: Percentage increase in total annual wages paid to employees
Combined Growth: Weighted average of firm and payroll growth indicators
Average Annual Growth: Year-over-year economic expansion rate over the study period
Composite Score: Proprietary algorithm weighing economic indicators, business climate, and growth trajectory

States are ranked based on their composite scores, with higher scores indicating stronger economic performance and business environment. Our analysis uses historical data through 2021, with trend-based projections through 2025.

Frequently Asked Questions: States with the Best Economy

Which state has the best economy in 2025?

Based on our comprehensive analysis of state economies ranked by multiple metrics, Utah has the strongest economy in 2025 with a composite score of 54.7, followed by Idaho (51.8) and Florida (46.5).

What makes Utah one of the top states for business?

Utah leads the states with the best economy rankings due to its exceptional 33.4% firm growth and 99.4% payroll growth. The state's business-friendly policies, skilled workforce, and diversified economy contribute to its consistent economic expansion.

Which states have the fastest growing economies?

Our state economies ranked analysis shows that Utah, Idaho, Florida, California, and Washington have the fastest growing economies based on combined firm and payroll growth metrics for 2025.