According to the 2019 Rich States, Poor States report by the American Legislative Economic Council, Texas is ranked 15th for economic competitiveness.
To determine ranking, the ALEC report measures 15 variables, including a variety of state taxes, state debt, policies that impact economic growth, the cost of doing business, and the quality of the state’s legal system.
The 10 “richest” states for economic competitiveness are: Utah, Idaho, North Dakota, Nevada, Indiana, North Carolina, Tennessee, Florida, South Dakota, and Arizona. The 10 “poorest” states for economic competitiveness are: Connecticut, Rhode Island, Maine, Oregon, Hawaii, New Jersey, California, Illinois, Vermont, New York.
Read the full report here: 2019 Rich States, Poor States