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5 States Where Entrepreneurs Boost the Economy the Most: Report

Being an australiabusinessblog.com or self-starter not only means contributing to your own financial success, you are also contributing to the local economy.

A recent report by the e-commerce platform Shopify analyzed the economic impact of entrepreneurs worldwide by measuring how people in the platform’s ecosystem contributed to supported jobs (the number of jobs maintained by entrepreneurs using the Shopify platform to sell goods and services ), GDP impact (value of goods and services produced by merchants), and business activity (merchant revenue plus the revenue of suppliers who provide materials and services).

Overall, entrepreneurs in the Shopify ecosystem supported 5.2 million jobs globally in 2022 (an increase of 8.3% from 2021) and generated $490.5 billion in economic activity (+8.6%).

Leading Shopify’s global rankings was the US, with more than $270 billion generated from business activities, 1.1 million jobs supported, and a GDP impact of $128.7 billion. Second and third place were both in Eastern Europe — Lithuania (No. 2) and Romania (No. 3) — followed by the United Kingdom (No. 4) and the Czech Republic (No. 5).

In the US, Delaware was the top state for entrepreneurial contribution to the economy with business activity of $2.2 billion, 9,280 jobs supported, and a GDP impact of more than $1 billion.

Related: The Top Benefits of Using Shopify for Your Business

After Delaware, the Mountain States dominated the ranks, with three of the top five nationwide in the region: Wyoming (No. 2), Montana (No. 4), and Utah (No. 5). California ranked No. 3 and also led independently for most jobs created nationwide with 134,024.

Here are the top 10 US states where entrepreneurs in the Shopify ecosystem generate the most business for their economy:

Delaware:

Business activity: $2.2 billion

Supported jobs: 9,280 supported jobs

GDP impact: $1 billion

Wyoming:

Business activity: $912 million

Jobs Supported: 3,710

GDP impact: $416 million

California:

Business activity: $57.6 billion

Supported jobs: 235,237

GDP impact: $26.6 billion

Montana:

Business activity: $694 million

Jobs Supported: 2,838

GDP impact: $325 million

Utah:

Operating activity: $6.9 billion

Jobs Supported: 28,081

GDP impact: $3.1 billion

Nevada:

Business activity: $3.4 billion

Supported jobs: 13,885

GDP impact: $1.5 billion

Alabama:

Business activity: $2.6 billion

Jobs Supported: 10,832

GDP impact: $1.2 billion

Florida:

Business activity: $15.5 billion

Supported jobs: 63,560

GDP impact: $7.2 billion

Idaho:

Business activity: $1.3 billion

Jobs Supported: 5,612

GDP impact: $639 million

Hawaii:

Business activity: $826 million

Jobs Supported: 3,380

GDP impact: $389 million


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Shreya has been with australiabusinessblog.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider australiabusinessblog.com, Shreya seeks to understand an audience before creating memorable, persuasive copy.

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