Connecticut’s economic outlook is fourth worst in the nation, according to a study released by the American Legislative Exchange Council.
Based on the latest moves in state economic growth, Connecticut is ranked 47th in the nation, ahead of just New Jersey, Vermont, and New York.
The study, called Rich States, Poor States, examines the latest movements in state economic growth. The data ranks the 2016 economic outlook of states using 15 equally weighted policy variables, including various tax rates, regulatory burdens and labor policies. The ninth edition examines trends over the last few decades that have helped or hurt states’ economies.
Connecticut is ranked 46th for gross domestic product, 42nd for domestic migration, and 43rd for non-farm payroll. Its economic performance is ranked 45th.
The state’s economic outlook has gotten progressively worse over the life of the study, except for one year when it improved from 44th in 2012 to 43rd in 2014 before returning to 44th in 2015. In 2009, Connecticut was ranked 39th.
