theboardiQ's Economic Relevance Score provides a comprehensive, data-driven assessment of a nation's economic vitality and global significance. 

This score is meticulously calculated using 11 key parameters, each reflecting a critical facet of economic performance.  

 

• It analyzes the representation of Fortune 500 companies within a nation, a strong indicator of its business environment and market size. 

• The balance of trade surplus or deficit reveals the nation's international competitiveness and export strength. 

• It incorporates Gross Domestic Product (GDP), a fundamental measure of overall economic output. 

• It examines the health of key sectors like agriculture and manufacturing.   

• The score also accounts for innovation, gauging a nation's ability to drive future growth through technological advancements. 

• Crucial labor market indicators such as employment rates are considered, alongside fiscal policies reflected in tax rates. 

• To capture the lived experience of citizens, it assesses cost of living and disposable income, providing insight into purchasing power and economic well-being. 

• Finally, education levels are integrated, recognizing their pivotal role in fostering a skilled workforce and driving long-term economic development. 

By synthesizing these 11 parameters, theboardiQ's Economic Relevance Score delivers a nuanced and holistic view of a nation's economic standing, enabling informed strategic decisions.  

The Top 5 States in the assessment are Texas, North Carolina, Virginia, Florida and Washington. 

Texas does consistently well across most of the 11 variables especially in the areas of GDP, F500 representation in the State, Balance of Trade where it ranks 2nd nationally.  

 

North Carolina scores as the highest-ranking state nationally in manufacturing and performs consistently across the other variables.  

Virginia does well in disposable income where it ranks 3rd nationally. It also scores high in the variables of manufacturing and employment.

Florida holds the 4th ranking nationally ranking 1st for Tax  

Washington State scores the top spot for disposable income nationally and 3rd for innovation.  

Illinois, though ranked 10th overall did well nationally in F500 representation, GDP, Agriculture, and Disposable Income.  

Pennsylvania comes in at 13th overall doing well nationally in GDP (6th); Manufacturing (8th) and F500 representation (8th).  

New York is at 18th overall with a 2 ranking in Disposable Income nationally, as well as 3rd in both F500 representation and GDP.  

Massachusetts at 24th overall does well in Education where it is ranked #1 and Innovation where it is ranked 2nd nationally.

California comes in at 26th overall and has the top spot ranking in a whopping 4 variables nationally – GDP, Innovation, Agriculture and F500 representation. However, performance in the areas of Trade Balance, Cost of Living, Tax, Manufacturing and Education resulted in the overall ranking dipping.  

Wyoming at 36th overall scores the top spot nationally in the area of Tax

Louisiana at 41st overall is ranked 1st in Trade Balance nationally.