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Which New England State Has the Most Debt?

Thursday, August 30, 2012

 

As a region, New England trails the country - the cost debt ratio is high in New England. Despite the legacy of puritan, conservative values New England's debt as a percentage of GDP is consistently high for the six states in the region. One state scored in the top ten in the nation and another New England state scores the last place position in the US.

According to a report issued by Barron's magazine, "Which State look the best? In addition to South Dakota, Iowa, Tennessee and North Carolina are at the top of the list.

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New Hamp #9

The Granite State is the top state in New England and ranks 9th in the nation.

The study  looks at the combined debt and unfunded pension liabilities relative to GDP in each of the 50 states.

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Vermont #29

Vermont ranks second in New England, but falls to the bottom half in the national ranking.

For state scores poorly and the debt load is inconsistent with the performance of Vermont's economy.

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Maine #40

Maine ranks #40th in the United States, but score the third best position in New England. Debt to GDP is just 2.2.

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Top Five States

Here are how the top 5 states rank in Barron's rankings for Debt.

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MA #43

Massachusetts economy is out performing many states in the nation. Boston is listed on most every list for employment growth, technology expansion and economic growth, but the Commonwealth scores poorly on the Barron's analysis due to its high debt structure.

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RI #44

Rhode Island has been battered with bad press for municipal bankruptcy. Central Fall, East Providence, West Warwick and Woonsocket all in one level of distress or another.

RI ranks among the worst for debt and ranks 5th in New England.

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Conn #50

Connecticut ranks dead last in the U.S.. The Constitution state gets battered in most every measure.

Cost of borrowing is expensive in CT.

 
 

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