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Which state economies grew the most in 2023? Find out later in this email.

💵 Today’s Top Stories

💵 Top 10 States by GDP Growth in 2023

If you subscribe to this email, you probably have some idea of how the overall U.S. economy performs.

But according to data from the Bureau of Economic Analysis, we can evaluate whether business is booming or flatlining in individual states.

As Clark has mentioned on the podcast, America has become the world’s No. 1 producer of crude oil. For most of the states in the top 10 in 2023, oil played a big role, including North Dakota (No. 1) and Texas (No. 2).

Florida, an outlier, grew due to retail trade and the nation’s highest growth rates in personal and property income.

New York, Mississippi and Delaware’s GDP grew at less than 1% last year.

Here are the top 10 states:

1. North Dakota: +5.9%
2. Texas: +5.7%
3. Wyoming: +5.4%
4. Alaska: 5.3%
5. Oklahoma: 5.3%
6. Nebraska: 5.2%
7. Florida: 5.0%
8. Washington: +4.8%
9. West Virginia: +4.7%
10. Kansas: +4.3%

📊 Stat of the Day

💰️ Deal Alert: Today’s Top Deals

🎙️ Podcast

The prices of certain Tesla models have gone down, down, down. If you’re interested in an electric vehicle, is now the time to buy? Also, digital wallets like Apple Pay and Google Pay are becoming more and more popular. But there’s a new option from the big banks that Clark says you should ignore at all costs.

☎️ Need Money Help?

The Team Clark Consumer Action Center is a free helpline that can help you navigate your money questions. Call 636-492-5275. Visit clark.com/cac for more information.

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