How's your insurance business doing? The state where you do business may have a big impact on your bottom line.

Nearly a decade since the Great Recession, some states still struggle to rebound while these 10 states have blossomed.

Within the United States, each state economy can be either boom or bust. Some states have an aging population. Others have infrastruture problems. Yet others have higher taxes.

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California now 7th largest economy

Illinois, for instance, is currently in a fiscal decline and has the highest unemployment rate in the Midwest. Meanwhile, California has grown into the seventh largest economy in the world, boasting a GDP of $2.3 trillion, according to financial website WalletHub.

WalletHub's analysts compared the economic performance of the 50 states and the District of Columbia across three key dimensions: economic activity, economic health and innovation potential.

WalletHub pointed out in its evaluation that, even if the U.S. economy as a whole thrives — as predicted by the International Labour Organization — individual states could have a better, or worse, time of it, depending on the condition of their own economies.

Here's a look at the 10 states it says have the best economies in 2016:

Portland, Oregon (photo: AP)

Oregon's beauty, and the vibrancy of its largest city, Portland, belie its 10th-place finish for economic activity. (AP Photo)

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10. Oregon

At ninth place for economic health, Oregon also finished 10th for economic activity and 13th for innovation potential.

It also had the fourth highest nonfarm payrolls change and the fourth highest state-government surplus per capita.

San Antonio River Walk (photo: AP)

San Antonio's Riverwalk brings in tourists, above, and Austin is well-known for tech, but still Texas came in low for economic health. (AP Photo)

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9. Texas

The Lone Star State was third in the country for economic activity, but came in at 20th place for innovation potential. It finished in the bottom half of the states, at 34th, for economic health.

Still, it has the second-highest GDP in the country and is tied for first place with Washington and Louisiana for the most exports per capita.

Central Park in New York City (Photo: AP)

New York City's Central Park offers a calm view of the otherwise frenetic city, but for all its economic activity, it placed low for economic health. (AP Photo)

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8. New York

For economic activity, New York placed sixth in the country. Innovation potential came in at 11th place, while economic health was only 27th.

However, it tied with California and Massachusetts for first place for the most venture capital funding per capita.

The Capitol Hill neighborhood in Washington, D.C. (photo: AP)

The Capitol Hill neighborhood of Washington, D.C., shows a warm, cheerful side of the city more known for its grand architecture and monuments — and high unemployment rate. (AP Photo)

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7. District of Columbia

Surprise, surprise — D.C. finished first in the nation for economic health. Innovation potential came in at 10th place, while economic activity placed 17th.

The bad thing is that it placed 48th — not a good thing — for having the fourth highest unemployment rate in the country. Conversely, it had the fifth-highest median annual household income, the fourth most venture capital funding per capita and the highest immigration of U.S. knowledge workers.

A beach near Lewes, Delaware (photo: Getty)

Delaware isn't doing too bad when it comes to economic activity — though the beach at Cape Henlopen State Park near Lewes might be better than any office on a summer's day. (Photo: Getty)

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6. Delaware

Delaware took fifth place in the country for economic activity. Innovation potential ranked 14th and economic health came in at 18th place.

Denver, Colorado (Photo: AP)

Colorado tied for first place with lowest unemployment rate, and its natural beauty and recreational options, such as this golf course in Park Hill, near Downtown Denver, add to its allure. (AP Photo)

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5. Colorado

Colorado took fifth place for innovation potential, seventh place for economic health and ninth place for economic activity.

Although it had the 48th lowest exports per capita, it had the fifth-highest GDP growth in the country, the fourth highest business startup activity, tied for first place with the lowest unemployment rate, and had the fifth highest nonfarm payrolls change.

Provincetown, Massachusetts (photo: AP)

As the shadow of the Pilgrim Monument falls on Provincetown, Mass., on the tip of Cape Cod, perhaps the long-dead Pilgrims would have been interested to note that the Bay State is first in innovation potential. (AP Photo)

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4. Massachusetts

First in innovation potential, the Bay State was eighth in economic activity but just 15th in economic health.

It actually finished 50th for having the lowest state-government surplus per capita, but took top spot for the highest percentage of jobs in high-tech industries, fourth for most independent-inventor patents per 1,000 working-age residents and tied for first with California and New York for most venture capital funding per capita.

View of San Francisco at night (photo: AP)

Besides being tied for first place with the most venture capital funding per capita, California is home to beautiful San Francisco. (AP Photo)

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3. California

The Golden State actually has the seventh largest economy in the world, with a gross domestic product of $2.3 trillion — comparable to Brazil's $2.2 trillion — in 2014. It finished second in innovation potential, fourth in economic activity but just 12th in economic health.

The state also tied for fifth place with North Dakota for the highest business startup activity; took fifth place for the highest percentage of jobs in high-tech industries; tied Utah for first place in the most independent-inventor patents per 1,000 working-age residents; and was tied for first place with Massachusetts and New York for most venture capital funding per capita.

Kayaking near Tacoma, Washington (photo: AP)

With Mount Rainier in the background, kayakers paddle near Tacoma, Wash., perhaps reaping the benefits from a state that took first place in economic activity.

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2. Washington

The state of Washington took first place in the economic activity category, while finishing third in innovation potential and tenth in economic health.

It also tied Louisiana and Texas for first place in the most exports per capita and placed fourth in the nation for the highest percentage of jobs in the high-tech industry.

Paddleboarding on a lake in Salt Lake City, Utah (Photo: AP)

Outdoor activities flourish in Utah, even in the middle of Salt Lake City, and Utah's economic health is flourishing too. (AP Photo)

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1. Utah

Utah came in on top, with second-place rankings in economic activity and economic health, a third-place ranking for highest business startup activity and a fourth-place ranking for innovation potential.

It also had the highest change in nonfarms payroll, the fourth highest immigration of U.S. knowledge workers, a first-place tie with California for the most independent-inventor patents per 1,000 working-age residents and a fifth-place finish for the most venture capital funding per capita.

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