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Montana

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Overall Rank

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44

Ease of doing business

theboardiQ Economic Relevance Score, ranks States of USA based on 14 parameters and 4 Pillars

4 Pillars National Ranking

Economic Scale & Vitality
Innovation & Enterprise
Human Capital & Living
Structural & Policy
39
45
44
27

14 Core Economic Indicators National Ranking

Economic Scale & Vitality National Ranking

GDP Overall Rank
Trade Overall Rank
Employment Overall Rank
47
22
37

Innovation & Enterprise National Ranking

R&D Overall Rank
F500 Rank
VC Per Capita Rank
42
39
32

Human & Capital Living National Ranking

Education Rank
Disposable Income Rank
Cost of Living Rank
Labor Productivity Rank
30
27
36
47

Structural & Policy National Ranking

Tax Rank
Agri Rank
Manufacturing Rank
Infra & Energy Rank
6
29
46
23

STATE PERFORMANCE GAUGE CHARTS



US STATES ECONOMIC & INNOVATION COMPETITIVENESS

An executive-grade benchmarking index developed by theboardiQ LLC to evaluate and rank the macroeconomic strength, innovation capacity, and structural competitiveness of 50 States in the United States.

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Designed for corporate board directors, institutional investors, and policymakers, the index synthesizes raw macroeconomic and institutional data into a standardized 0–100 Composite Score across 4 Strategic Macro Pillars and 14 Underlying Sub-Metrics.

The Executive Dashboard incorporates a boardroom governance matrix mapping strategic mandates, benchmark metrics, director compensation, and critical oversight inquiries across 9 Board Roles/Industry Lens

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COMPETITIVENESS SWOT

Montana

Strengths

• Abundant natural mineral, timber, and agricultural resources• World-class natural attractions (Yellowstone, Glacier National Park) driving tourism• Low overall state tax burden (#6) and high individual tax climate score

Weaknesses

• Low labor productivity rank (#47) and small economic scale ($80.9B GDP)• Remote rural geography and limited freight transit infrastructure• High cost of living relative to local wage levels (#36)

Opportunities

• Tech sector expansion (photonics, software) attracting remote skilled workers• Sustainable eco-tourism expansion and outdoor recreation economy• Value-added agricultural processing and renewable energy generation

Threats

• Accelerating climate change risks (wildfires, drought) affecting tourism and agriculture• Rapid housing price appreciation creating severe affordability pressures• Resource management conflicts between conservation and industrial development

METRICS DEEPDIVE

Economic Scale & Vitality

GDP

GDP Overall Rank
GDP 2025 Current-Dollar GDP ($ Billions)
GDP Share of U.S. Total
47
$80.9B
0.26%

Trade

Trade Overall Rank
Trade Surplus / Deficit
Exports in Millions USD
Total US Overall Exports 2026 YTD
Export %
22
-$3,054
$1,685
$1,639,475
0.10%
Imports in Millions USD
Total US Overall Imports 2026 YTD
Import %
$4,739
$2,415,187
0.20%

Employment

Emp Overall Rank
Unemp Rank
Unemp Rate (%)
Emp Rank
Total Emp (thousands)
37
8
3.1
43
520.3
12-Mo % Change
12-Mo Net Change (thousands)
Labor Force Participation Rate
-1
-5.3
61.40%

Innovation & Enterprise

R&D

R&D Overall Rank
R&D spend as a % of GDP
Patents Awarded per 1K S&E Occ
Bus Perf R&D (% Output)
42
1.21%
6.16
0.68%

F500 Representation

F500 Rank
F500 HQs
F500 Combined Revenue
39

VC Per Capita

VC Per Capita Rank
Patents issued per 100K residents
VC deal value (per capita)
R&D expenditure(per capita)
32
$29
$343
$798

Human & Capital Living

Education

Education Rank
State Overall Education Score
Educational Attainment Rank
Quality of Education
30
54
14th
43rd
% of Pop with Grad Degree
% of Pop with Bach Degree
% of Pop with Assoc Degree
% of Pop with High Sch Diploma
13.30%
20.10%
8.70%
29.50%

Disposable Income

Disposable Income Rank
Disposable Income Per Capita ($)
10-Year Growth (%)
1-Year Growth (%)-1
27
$63,141
64.7%
4.0%

Cost of Living

Cost of Living Rank
State Index
Grocery
Housing
Utilities
Transport
Health
36
106
104
115
81
101
104

Labor Productivity

Lab Productivity Rank
2025 Value (Mill of Hrs)
Lab Productivity
GDP
Absolute Lab Productivity
47
789.093
116.1
$80.9B
0.7

Structural & Policy

Tax

Tax Rank
Corporate Tax
Individual Income Tax
Sales Tax
Property Tax
Unemploy.Ins Tax
6
24
12
3
17
25

Agriculture

Agri Rank
Gross Receipts ($B)
Cumulative Share (%)
29
6
91.40%

Manufacturing

Mfg Rank
Total nonfarm Jobs
Mfg Jobs
% Share of Total Mfg GDP
Mfg GDP ($B)
46
520.30
20.5
0.14%
$4.1B
% of Nonfarm Jobs
% Share of Total Mfg Jobs
3.94%
0.16%

Infra & Energy

Infra & Energy Rank
Home Energy Efficiency Rank
Auto Energy Efficiency Rank
23
10
42

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265 Garnet Dr 

Livermore, CA 94550

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