How Wisconsin’s economic performance compares to Midwestern and other states Report: Wisconsin’s Economy: A Comparative Study September 7, 2022 By Andrew Hanson As we move through 2022, the national economy is in what might best be described as a strange state. With two consecutive quarters of negative GDP growth, many would say we have entered a mild recession. Inflation continues to erode earnings at a rate not seen in 40 years. However, the labor market remains strong, with payroll and unemployment at pre-pandemic or better levels. Nationally, Wisconsin ranks as the 29th most productive state (including the District of Columbia) as measured by GDP per capita and the second lowest among seven Midwestern states. This is a marked change from 2011, when Wisconsin was the fourth most productive Midwestern state per capita. Wisconsin experienced large inflows of taxpayers and income throughout the decade from other Midwestern states, especially from Illinois and more recently from Minnesota. For the 2011-2020 period, residents moving into Wisconsin from other Midwestern states brought $2.7 billion in income. This report examines how the Wisconsin economy has fared over the past decade on several key measures: GDP, population and migration, employment and business activity. Each of these measures offers a unique way to view the state’s economy. Taken together, these measures paint a complex, nuanced picture of Wisconsin’s economy and the prospects for future growth. Of course, any local economy does not exist in a vacuum — Wisconsin’s economy is integrated with other states and other nations. To examine both how the state’s economy compares and how it competes, this report puts Wisconsin in a national context and compares the fortunes of Wisconsinites with people in other Midwestern states: Illinois, Indiana, Iowa, Michigan, Minnesota and Ohio. Read the Full Report Share This Email Share This Email Share This Email Invest in the Badger Institute For 35 years, the Badger Institute, formerly known as the Wisconsin Policy Research Institute (WPRI), has been at the forefront of the fight for school choice, right to work, welfare reform, tax restructuring, limited government, civil society and so much more. If you appreciate the Institute’s legacy and want to support free markets, opportunity and prosperity, please consider donating $35, $350 or $3,500 today. Your support will help the Institute continue to advocate for conservative principles for the next 35 years – and beyond! The Institute never has, and never will, accept government funding. We gratefully welcome your online donation or email Angela Smith, Vice President of Development. The Badger Institute is a 501(c)(3) tax-exempt nonprofit organization. Support Freedom Let the experts at the Badger Institute bring a policy talk on topics such as student loan forgiveness, unemployment compensation, school choice and more to your local group or meeting. If you’re interested in a presentation or a speaker, contact Michael Jahr, Vice President of Communications, at [email protected]. Request a Speaker   Badger Institute | 700 W Virginia St, Suite 301, Milwaukee, WI 53204 www.badgerinstitute.org Unsubscribe [email protected] Update Profile | Constant Contact Data Notice Sent by [email protected] in collaboration with Try email marketing for free today!