Covid has been the most widespread and hazardous Pandemic ever occurred in history. It impacted several lives, countries, economies and whatnot. The year 2020 was one of the most difficult to handle. However, the impact of Covid-19 is still uncertain, but now everything is slowly going back to normal. But do you think economies can get back to normal? Well! The answer to this is yes, partially some have managed while others are still struggling.
Let’s have a look at some of the best and worst US states after Covid concerning the economy:
Best US States after Covid in concerning economy
Utah: Utah has been the no.1 economy over the last few years; even after the severe impact of covid-19 in 2020, the state managed to earn an annual average of $168.62 billion. Moreover, from the first quarter of 2021, the Utah economy has reached $178.20 billion, the highest GDP in the State’s history. They faced merely a 0.1% decline in GDP during a pandemic and have been one of the fastest to bring the economy back to normal.
Washington: Washington has the largest concentration of tech companies in the US and is the second-fastest-growing economy in the country. According to reports, Washington’s annual average was up to $544.63 billion in 2020. Despite the impact of covid-19, they managed to bring the economy back on track and recorded a $565.70 billion annual average in 2021.
Idaho: Idaho faced a 1.1% decline in GDP during the Pandemic and managed to recover well. According to reports, the state witnessed 2% growth from 2020 to 2021, with $74.08 billion in 2020.
Colorado: Currently second-highest ranked economy in the country has managed to get back to normal. Moreover, despite facing severe impact, Colorado improved after initial impact with $360.16 billion in 2020 and $365.05 billion in 2021.
Worst US states after covid concerning the economy
Wyoming: One of the worst states to witness the change of -7.1% from 2020 to 2021. They are still to cope up with the pandemic impact.
Oklahoma: Second most state witnessing severe decline or change in annual GDP with -61% change from 2020 to 2021, currently ranking 37 on economy rankings.
West Virginia: Another State ranked 46 witnessed a -5.5% change in annual GDP from 2020 to 2021.
Although some states have managed, some are still on their way to recovery, and some struggle to get on the edge. These states need to learn and follow the footpath of Utah, Idaho to understand and work closely.
