As Americans look to recover from the recent economic downturn, this may require relocating for some people. When you just can’t make ends meet where you are living, it may be time to consider heading out to a new state. There are some states that have shown an increase in their economy in recent years. This increase may be an indicator of good things to come but it is definitely a great way to survive when things are not going well in your current state’s economy.
Here is a list of the top four states that are growing in the United States…
4. Texas – Texas has an economy of $1.3 trillion and in 2011 the economy grew 3.3%. Oil has always been a large economic contributor for Texas. The mining that goes on in Texas includes oil and gas extraction and this has been a huge contributor to the growth that Texas has seen in the past year. Texas also manufactured computers and electronics, which helped the bolster the economy.
3. West Virginia – West Virginia has an economy of $67 billion and posted a growth rate of 4.5% for the year 2011. West Virginia was one, of a very small number, of states that did better in 2011 than in 2010. The coal mining industry contributed more than half of this economic growth.
2. Oregon – Oregon has an economy of $195 billion and in 2011 the economy grew 4.7%. Oregon has been responsible for manufacturing long-lasting items. The durable goods production accounted for more than half of the growth in the state.
1. North Dakota – North Dakota has an economy of $40 billion and a growth rate of 7.6% for 2011. North Dakota has been booming since the oil reserves and mining took off in the area. Real estate has even been hard to come by in the state, because so many people have come to North Dakota to start working.
