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North Carolina

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Overall Rank

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19

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
41
18
18
7

14 Core Economic Indicators National Ranking

Economic Scale & Vitality National Ranking

GDP Overall Rank
Trade Overall Rank
Employment Overall Rank
9
42
44

Innovation & Enterprise National Ranking

R&D Overall Rank
F500 Rank
VC Per Capita Rank
24
17
19

Human & Capital Living National Ranking

Education Rank
Disposable Income Rank
Cost of Living Rank
Labor Productivity Rank
26
34
27
9

Structural & Policy National Ranking

Tax Rank
Agri Rank
Manufacturing Rank
Infra & Energy Rank
13
8
9
37

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

North Carolina

Strengths

• Premier national innovation hub (Research Triangle Park) and major financial center (Charlotte)• Low corporate tax burden (#13) and strong manufacturing sector (#9)• Outstanding higher education institutions driving steady net population migration

Weaknesses

• Economic disparities between growing metros and struggling rural counties• Infrastructure strain and highway congestion around Raleigh-Durham and Charlotte• Skill mismatch challenges in rapidly evolving high-tech manufacturing sectors

Opportunities

• EV battery manufacturing, clean vehicle production, and biomanufacturing leadership• Clean energy expansion (solar, offshore wind) and life sciences growth• International trade expansion through upgraded port and rail infrastructure

Threats

• Hurricane exposure and coastal flooding risks• Intense national competition for corporate headquarters and high-tech talent• Rapid population influx straining housing affordability and school capacity

METRICS DEEPDIVE

Economic Scale & Vitality

GDP

GDP Overall Rank
GDP 2025 Current-Dollar GDP ($ Billions)
GDP Share of U.S. Total
9
$895.9B
2.92%

Trade

Trade Overall Rank
Trade Surplus / Deficit
Exports in Millions USD
Total US Overall Exports 2026 YTD
Export %
42
-$28,228
$30,390
$1,639,475
1.85%
Imports in Millions USD
Total US Overall Imports 2026 YTD
Import %
$58,618
$2,415,187
2.43%

Employment

Emp Overall Rank
Unemp Rank
Unemp Rate (%)
Emp Rank
Total Emp (thousands)
44
14
3.4
8
5,128.00
12-Mo % Change
12-Mo Net Change (thousands)
Labor Force Participation Rate
1.3
67
57.80%

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)
24
3.06%
9.89
2.62%

F500 Representation

F500 Rank
F500 HQs
F500 Combined Revenue
17
12
$489.4B

VC Per Capita

VC Per Capita Rank
Patents issued per 100K residents
VC deal value (per capita)
R&D expenditure(per capita)
19
$47
$217
$2,246

Human & Capital Living

Education

Education Rank
State Overall Education Score
Educational Attainment Rank
Quality of Education
26
52
25th
18th
% of Pop with Grad Degree
% of Pop with Bach Degree
% of Pop with Assoc Degree
% of Pop with High Sch Diploma
18.40%
22.80%
8.70%
24.00%

Disposable Income

Disposable Income Rank
Disposable Income Per Capita ($)
10-Year Growth (%)
1-Year Growth (%)-1
34
$60,541
64.3%
4.0%

Cost of Living

Cost of Living Rank
State Index
Grocery
Housing
Utilities
Transport
Health
27
97
101
91
96
94
108

Labor Productivity

Lab Productivity Rank
2025 Value (Mill of Hrs)
Lab Productivity
GDP
Absolute Lab Productivity
9
7748.342
113.8
$895.9B
7.87

Structural & Policy

Tax

Tax Rank
Corporate Tax
Individual Income Tax
Sales Tax
Property Tax
Unemploy.Ins Tax
13
3
22
15
21
7

Agriculture

Agri Rank
Gross Receipts ($B)
Cumulative Share (%)
8
20
48.20%

Manufacturing

Mfg Rank
Total nonfarm Jobs
Mfg Jobs
% Share of Total Mfg GDP
Mfg GDP ($B)
9
5,128.00
448.5
3.81%
$111.5B
% of Nonfarm Jobs
% Share of Total Mfg Jobs
8.75%
3.57%

Infra & Energy

Infra & Energy Rank
Home Energy Efficiency Rank
Auto Energy Efficiency Rank
37
40
18

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265 Garnet Dr 

Livermore, CA 94550

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