Rhode Island ranks among worst state economies in 2026 study

Rhode Island ranked 47th out of all 50 states and Washington, D.C., in WalletHub’s 2026 Best & Worst State Economies report, placing the Ocean State near the bottom nationwide.

The study evaluated states across economic activity, economic health, and innovation potential. Rhode Island finished with an overall score of 35.39, ranking ahead of only Maine, Louisiana, Kentucky, and West Virginia.

One of the state’s biggest struggles was economic activity, where Rhode Island ranked 49th in the nation. While the state performed slightly better in innovation potential, ranking 31st, it still lagged behind much of the country in several key categories tied to growth and business development.

The report also found Rhode Island ranked 49th for the educational attainment of recent immigrants, a factor researchers say can impact workforce development and future economic growth.

Massachusetts topped the list as the nation’s strongest economy, followed by Washington and Utah. Rhode Island’s ranking was the second-lowest in New England, with only Maine finishing lower.

The findings come as Rhode Island continues efforts to attract new businesses, expand housing, strengthen its workforce, and compete with neighboring states for economic investment.