DES MOINES, IOWA (March 25, 2025) — The Iowa Business Council (IBC) released its annual, non-partisan review of the state’s economic competitiveness. Known as Iowa’s Competitive Dashboard, the report measures the state’s national rankings in five categories: Economic growth; workforce and education; governance; health and wellness; and state demographics. For each category, Iowa is awarded a cumulative score that determines whether it is outperforming, competitive, or underperforming. The report can be measured consistently across all fifty states, providing an accurate depiction of how Iowa is competing nationally.
Among the key findings of the report, Iowa’s overall standing in the face of national and international uncertainty remains strong. Under the Economic Growth category, Iowa’s Gross State Product (GSP) increased by more than 6.5% to $254 billion compared to last year’s report. Noting Iowa’s strong standing in manufacturing value as a percentage of its GSP, Iowa is well-diversified across multiple industries which highlights the state’s continued economic resiliency.
Iowa’s economy is poised for even more growth with significant increases in competitiveness relative to its tax climate.
Iowa’s state ranking for Corporate Tax Climate have improved from 46th in 2010, to 23rd in 2024. For the Individual Tax Climate, Iowa’s standing has improved from 41st to 19th in the same timeframe.
The report also calls out opportunities for growth and improvement. Specifically, metrics contained within the State Demographics category should be highlighted for Iowa policymakers. Iowa’s population has grown at a far slower rate than the rest of the country. The growth of Iowa’s population must be accelerated in both urban and rural communities to ensure continued economic vitality for the state. Recruitment and retention efforts could be bolstered by changes in federal immigration policy, as well as highlighting the significant advantages Iowa provides its citizens over other states including safe communities, high-quality K-12 educational systems, low cost of living, and affordable housing.“The IBC will continue to support policy initiatives that increase economic opportunity for every Iowan while increasing our competitiveness across every Dashboard metric,” stated Joe Murphy, IBC president.
The dashboard, which has been released annually since 2011, serves as a tool for policymakers and business leaders to use when making sound economic decisions. IBC members encourage community leaders to join in implementing the report’s recommendations, or use the data to develop their own action items. Over the course of the next several months, the IBC will present the report’s findings throughout the state.
To view the full report, visit iowabusinesscouncil.org/news/dashboard2025/.
About the Iowa Business Council
The Iowa Business Council (IBC) is a non-partisan, non-profit organization whose 21 members are the chief decision makers of major Iowa employers across all of the state’s 99 counties. IBC member companies have invested billions of dollars of capital in Iowa's commercial infrastructure; lead the way in technology innovation, R&D, and grants procured; and are often the driving financial and volunteer forces behind philanthropic efforts all over the state.
IBC member companies include: Alliant Energy; Atlantic Coca-Cola Bottling Company, Casey’s General Stores Inc; Collins Aerospace; Corteva Agriscience; Deere and Company; Fareway; HNI Corporation; Hy-Vee Inc, Iowa Bankers Association; Kent Corporation; MercyOne; MidAmerican Energy Company; Pella Corporation; Principal; Ruan Transportation Management Systems; The Weitz Company; UnityPoint Health; Vermeer Corporation; Wellmark Blue Cross Blue Shield of Iowa; and Workiva.
For more information on the Iowa Business Council, please visit: IowaBusinessCouncil.org.
