Alaska and West Virginia have the worst economies of all US states and are more at risk of recession, study finds
- A CNBC study analyzed the US states that had the worst economies.
- Florida and Texas were ranked highly, while Alaska and West Virginia fared far worse.
The US economy is still in a fragile position and while there are signs the country could avoid a recession, some states are faring better than others.
Economic differences between regions mean some states may be more at risk of falling into a recession than others, a study by CNBC has found.
To rank each state's economy, the annual study analyzed regional differences, including overall economic growth, the housing market, job growth, and the position of state finances.
The outlet studied the number of major corporations headquartered in each region and the number of new businesses being set up in the states.
States like Florida, Texas, and North Carolina were considered to have the best regional economies, while Alaska and West Virginia fell to the bottom of the list.
These are the 10 states with the worst economies, according to the analysis.
10. Hawaii
Hawaii received 145 out of 360 points in CNBC's 2023 economy score.
The state was given a grade of D+.
9/8. Connecticut and Iowa
Connecticut and Iowa both received 141 out of 360 points in CNBC's 2023 economy score.
Both states were given a grade of D.
7. New Hampshire
New Hampshire received 132 out of 360 points in CNBC's 2023 economy score.
The state was given a D grade.
6. Louisiana
Louisiana received 120 out of 360 points in CNBC's 2023 economy score.
The state was given a D- grade.
5. North Dakota
North Dakota received 108 out of 360 points in CNBC's 2023 economy score.
The state was given an F grade.
4. Mississippi
Mississippi received 102 out of 360 points in CNBC's 2023 economy score.
The state was given an F grade.
3/2. Rhode Island and West Virginia
Rhode Island and West Virginia both received 99 out of 360 points in CNBC's 2023 economy score.
Both states were given a grade of F.
1. Alaska
Alaska was found to have the worst economy in the US, with a score of 57 out of 360 points.
CNBC gave the state a grade of F.