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Virginia

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Overall Rank

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13

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
25
16
7
37

14 Core Economic Indicators National Ranking

Economic Scale & Vitality National Ranking

GDP Overall Rank
Trade Overall Rank
Employment Overall Rank
13
41
28

Innovation & Enterprise National Ranking

R&D Overall Rank
F500 Rank
VC Per Capita Rank
31
7
22

Human & Capital Living National Ranking

Education Rank
Disposable Income Rank
Cost of Living Rank
Labor Productivity Rank
3
13
29
11

Structural & Policy National Ranking

Tax Rank
Agri Rank
Manufacturing Rank
Infra & Energy Rank
30
31
32
35

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

Virginia

Strengths

• Ranked #3 nationally in structural tax climate with top-tier educational systems (#6)• Massive defense, military, intelligence, and federal contracting ecosystem• Northern Virginia data center capital of the world and major Atlantic deepwater port (Port of Virginia)

Weaknesses

• High cost of living (#29), high northern traffic congestion, and regional disparities• Over-reliance on federal government spending, procurement, and defense budgets• Skill shortages in high-demand technical cybersecurity and engineering roles

Opportunities

• Cybersecurity, defense AI, quantum computing, and government technology expansion• Clean energy expansion (offshore wind, commercial solar) and commercial spaceflight• Port of Virginia expansion and global logistics network development

Threats

• Federal budget cuts, sequester actions, or federal defense reallocation decisions• Rising sea levels and tidal flooding risks threatening Hampton Roads naval facilities• High operating costs driving corporate expansion to lower-cost southern states

METRICS DEEPDIVE

Economic Scale & Vitality

GDP

GDP Overall Rank
GDP 2025 Current-Dollar GDP ($ Billions)
GDP Share of U.S. Total
13
$807.9B
2.63%

Trade

Trade Overall Rank
Trade Surplus / Deficit
Exports in Millions USD
Total US Overall Exports 2026 YTD
Export %
41
-$23,387
$13,193
$1,639,475
0.80%
Imports in Millions USD
Total US Overall Imports 2026 YTD
Import %
$36,580
$2,415,187
1.51%

Employment

Emp Overall Rank
Unemp Rank
Unemp Rate (%)
Emp Rank
Total Emp (thousands)
28
20
3.6
12
4,250.60
12-Mo % Change
12-Mo Net Change (thousands)
Labor Force Participation Rate
-0.6
-25.6
62.50%

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)
31
2.20%
7.44
1.36%

F500 Representation

F500 Rank
F500 HQs
F500 Combined Revenue
7
24
$807.9B

VC Per Capita

VC Per Capita Rank
Patents issued per 100K residents
VC deal value (per capita)
R&D expenditure(per capita)
22
$41
$310
$1,824

Human & Capital Living

Education

Education Rank
State Overall Education Score
Educational Attainment Rank
Quality of Education
3
68
6th
11th
% of Pop with Grad Degree
% of Pop with Bach Degree
% of Pop with Assoc Degree
% of Pop with High Sch Diploma
19.20%
25.90%
8.70%
25.80%

Disposable Income

Disposable Income Rank
Disposable Income Per Capita ($)
10-Year Growth (%)
1-Year Growth (%)-1
13
$69,955
55.8%
3.5%

Cost of Living

Cost of Living Rank
State Index
Grocery
Housing
Utilities
Transport
Health
29
99
100
99
99
100
96

Labor Productivity

Lab Productivity Rank
2025 Value (Mill of Hrs)
Lab Productivity
GDP
Absolute Lab Productivity
11
6249.427
120.81
$807.9B
6.69

Structural & Policy

Tax

Tax Rank
Corporate Tax
Individual Income Tax
Sales Tax
Property Tax
Unemploy.Ins Tax
30
18
36
13
24
37

Agriculture

Agri Rank
Gross Receipts ($B)
Cumulative Share (%)
31
6
93.30%

Manufacturing

Mfg Rank
Total nonfarm Jobs
Mfg Jobs
% Share of Total Mfg GDP
Mfg GDP ($B)
32
4,250.60
232.1
2.01%
$58.9B
% of Nonfarm Jobs
% Share of Total Mfg Jobs
5.46%
1.85%

Infra & Energy

Infra & Energy Rank
Home Energy Efficiency Rank
Auto Energy Efficiency Rank
35
37
28

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265 Garnet Dr 

Livermore, CA 94550

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