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North Dakota

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Overall Rank

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31

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
8
42
35
23

14 Core Economic Indicators National Ranking

Economic Scale & Vitality National Ranking

GDP Overall Rank
Trade Overall Rank
Employment Overall Rank
45
4
4

Innovation & Enterprise National Ranking

R&D Overall Rank
F500 Rank
VC Per Capita Rank
35
39
20

Human & Capital Living National Ranking

Education Rank
Disposable Income Rank
Cost of Living Rank
Labor Productivity Rank
34
14
14
46

Structural & Policy National Ranking

Tax Rank
Agri Rank
Manufacturing Rank
Infra & Energy Rank
11
17
42
33

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 Dakota

Strengths

• Massive energy production capacity (oil, natural gas, wind) and low unemployment rate (2.2%)• Strong agricultural output (#17; wheat, soybeans, canola) and high disposable income ($69,305)• Favorable corporate tax climate (#11) and top-10 structural policy rank (#8)

Weaknesses

• High economic vulnerability to volatile global oil and crop commodity prices• Harsh winter climate conditions and small population base creating labor shortages• Low manufacturing diversification (#42) and rural infrastructure challenges

Opportunities

• Carbon capture and storage (CCS) technology leadership and green energy development• Ag-tech innovation, value-added crop processing, and autonomous farm tech• Expanding unmanned aerial systems (UAS/drone) research industry

Threats

• Global energy transition policies reducing long-term demand for fossil fuels• Severe labor shortages constraining expansion across industrial sectors• Extreme weather impacts on agricultural yields and energy transmission

METRICS DEEPDIVE

Economic Scale & Vitality

GDP

GDP Overall Rank
GDP 2025 Current-Dollar GDP ($ Billions)
GDP Share of U.S. Total
45
$82.3B
0.27%

Trade

Trade Overall Rank
Trade Surplus / Deficit
Exports in Millions USD
Total US Overall Exports 2026 YTD
Export %
4
$3,728
$6,915
$1,639,475
0.42%
Imports in Millions USD
Total US Overall Imports 2026 YTD
Import %
$3,187
$2,415,187
0.13%

Employment

Emp Overall Rank
Unemp Rank
Unemp Rate (%)
Emp Rank
Total Emp (thousands)
4
22
2.2
47
447.3
12-Mo % Change
12-Mo Net Change (thousands)
Labor Force Participation Rate
0.2
0.9
68.90%

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)
35
1.36%
7.89
0.91%

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)
20
$24
$866
$1,356

Human & Capital Living

Education

Education Rank
State Overall Education Score
Educational Attainment Rank
Quality of Education
34
49
22nd
46th
% of Pop with Grad Degree
% of Pop with Bach Degree
% of Pop with Assoc Degree
% of Pop with High Sch Diploma
14.50%
22.60%
10.20%
24.70%

Disposable Income

Disposable Income Rank
Disposable Income Per Capita ($)
10-Year Growth (%)
1-Year Growth (%)-1
14
$69,305
46.9%
5.4%

Cost of Living

Cost of Living Rank
State Index
Grocery
Housing
Utilities
Transport
Health
14
91
96
77
83
92
107

Labor Productivity

Lab Productivity Rank
2025 Value (Mill of Hrs)
Lab Productivity
GDP
Absolute Lab Productivity
46
674.33
110.37
$82.3B
0.75

Structural & Policy

Tax

Tax Rank
Corporate Tax
Individual Income Tax
Sales Tax
Property Tax
Unemploy.Ins Tax
11
11
18
17
6
14

Agriculture

Agri Rank
Gross Receipts ($B)
Cumulative Share (%)
17
14
71.50%

Manufacturing

Mfg Rank
Total nonfarm Jobs
Mfg Jobs
% Share of Total Mfg GDP
Mfg GDP ($B)
42
447.30
28.1
0.24%
$6.9B
% of Nonfarm Jobs
% Share of Total Mfg Jobs
6.28%
0.22%

Infra & Energy

Infra & Energy Rank
Home Energy Efficiency Rank
Auto Energy Efficiency Rank
33
17
47

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265 Garnet Dr 

Livermore, CA 94550

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