theboardiQ US Economic Relevance Score
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 economies.
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
Indicator Normalization & Scoring
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Benchmarking: Raw indicator values are mapped against established global minimum, median, and maximum distribution bounds.
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Sub-metric Standardization: Indicators are normalized to relative 0–100 percentile scores (inverting cost/burden metrics where lower is favorable).
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Pillar Aggregation: Sub-metric scores are weighted within each domain to generate a 0–100 score for each of the 4 pillars.
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Composite Index Calculation:
Composite Score = (0.30 x Pillar 1) + (0.25 x Pillar 2) + (0.25 x Pillar 3) + (0.20 x Pillar 4)
Classification & Benchmarking Output
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State Ranking: Economies are ranked 1 to 50 based on their composite index.
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Performance Tiers: Jurisdictions are categorized into distinct comparative cohorts (e.g., Tier 1: Global Frontier, Tier 2: Advanced Competitor).
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Primary Pillar Advantage: Identifies each economy's leading structural driver (e.g., Innovation Ecosystem vs. Scale & Vitality) relative to its peer group.
Economic Relevance Ranking
Data source links are embedded in each of the 14 Core Metrics in the table below.
NOTE: Clicking on the Title | State Info | National Rank | 4 Strategical pillars in the table below - will take you to the specific State Information Page - providing a deeper dive on the metrics and a SWOT analysis.
All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Details may not equal totals due to rounding. Table reflects only those months for which there was trade.
National | 4 Strategic Pillars Ranking
National Ranking Map
14 Core Metrics Ranking
Title | State Info | GDP | Trade | Employment | R&D | F500 | VC Per Capita | Education | Disp Income | Cost of Living | Labor Prod | Tax | Agri | Mfg | Infra & Energy |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
California | 1 | 50 | 22 | 1 | 1 | 1 | 48 | 6 | 48 | 1 | 48 | 1 | 1 | 1 | |
Texas | 2 | 9 | 10 | 26 | 2 | 25 | 36 | 22 | 15 | 2 | 7 | 3 | 2 | 34 | |
New York | 3 | 2 | 27 | 18 | 3 | 7 | 44 | 8 | 47 | 3 | 50 | 28 | 26 | 3 | |
Massachusetts | 12 | 30 | 8 | 2 | 16 | 2 | 7 | 2 | 49 | 13 | 43 | 47 | 27 | 5 | |
Washington | 10 | 3 | 20 | 4 | 6 | 4 | 12 | 4 | 43 | 12 | 45 | 15 | 21 | 4 | |
Florida | 4 | 38 | 42 | 33 | 10 | 37 | 11 | 15 | 32 | 4 | 5 | 21 | 23 | 19 | |
Minnesota | 20 | 33 | 2 | 10 | 8 | 15 | 15 | 19 | 20 | 20 | 44 | 6 | 15 | 9 | |
Illinois | 5 | 49 | 21 | 19 | 5 | 21 | 17 | 17 | 24 | 5 | 38 | 7 | 7 | 17 | |
Ohio | 7 | 39 | 31 | 23 | 4 | 29 | 9 | 35 | 19 | 7 | 39 | 12 | 4 | 29 | |
Pennsylvania | 6 | 44 | 24 | 21 | 9 | 24 | 19 | 21 | 25 | 6 | 36 | 23 | 8 | 27 |