Economy & Competitiveness

Key national economic rankings for Washington state:

9th in per capita personal income ($56,283)
13th in state gross domestic product ($506.4 billion)
2nd in exports per capita ($10,318)
4th in total exports ($76.4 million)

Featured WRC Analysis Click Here

Recent WRC economy Posts Click Here

Other Resources Click Here

Featured WRC Analysis

Manufacturing Jobs Part III: A Costly and Uncertain Regulatory Burden Harms Competitiveness Sept. 5, 2018
The Economic Contribution of Washington state’s Petroleum Refining Industry in 2015 Jan. 5, 2017
The Expanded SEPA Has Reduced Regulatory Certainty in Washington Oct. 24, 2016
Rent Control Feb. 29, 2016
Regulatory Reform: A Win-Win-Win for Agencies, Businesses, and Taxpayers Aug. 20, 2015

Recent WRC economy Posts

Slower economic activity reduces the revenue forecast, but the budget outlook improves given capital gains tax revenues

Average annual wage is up 4.9%, triggering increases to various state benefits and the UI taxable wage base

New brief: Washington Businesses Paid 50% of State and Local Taxes in 2024

S&P Global no longer considers Washington’s credit rating outlook to be “positive”

Tariffs and uncertainty

Credit rating agencies reaffirm Washington’s ratings, while noting some good and bad budget choices

Other Resources

Washington state Economic and Revenue Forecast Council:

State Economic Forecast

State Employment Security Department: