Oklahoma’s Economy Lagged Behind the National Recovery

With an analysis focused heavily on each state’s COVID-19 health, the online finance site WalletHub found in June 2021 that Oklahoma had one of the slowest economic recoveries in the nation, ranking it 47th. 

The state also ranked 49th in economic activity, which takes into account the following factors: change in gross domestic product (2020 vs 2019), share of fast-growing firms, state gross public debt as a percent of GDP, exports per capita, and startup activity.

Oklahoma has 52,000 fewer jobs now then it did in December 2019 prior to the COVID-19 outbreak.

U.S. News and World Report found the state’s overall economic health to rank 37th in 2021, rating its economic growth slightly better at 36th. The state was ranked 37th in jobs. It received its highest marks for the business environment with a 27 ranking. 

Stitt has been criticized for his handling of the COVID-19 pandemic, which has affected the economy. Oklahoma had the worst COVID death rate in the nation in 2021. Stitt has also been criticized for mishandling COVID-19 spending.