Free Top 20 States by Change in Business Bankruptcies (2020–2025)
The provided line chart visually represents the Leading 20 States in Business Bankruptcy Changes over the period from 2020 to 2025, detailing significant shifts in the economic landscape across the United States. The vertical axis displays the Change (%), ranging from approximately -12 to 14, while the horizontal axis labels several key states along the trend line. The data illustrates a general, though uneven, decline in the change percentage across the selected states as one moves from left to right on the chart, suggesting a wide disparity in economic stress or recovery. For instance, the leftmost state, Arizona, shows the highest positive change, peaking at nearly 14 percent, indicating a substantial increase in business bankruptcies over the five-year period. Following closely is another state, or group of states, with a positive change percentage hovering just under 14 percent before a clear drop-off begins. The line generally descends, passing the zero mark around the middle of the graph, which corresponds to states like Indiana and Colorado, representing a mix of slight increases and decreases. The trend continues downwards into negative territory, signifying a decrease in business bankruptcies. States such as New York and ultimately California are situated at the far right, with California showing the most significant decline in the change percentage, reaching a low of approximately negative 12 percent, suggesting a substantial reduction in business failures relative to the starting point of the study. This trajectory highlights a significant range of outcomes among the top 20 states, with some experiencing nearly a 14 percent increase and others a 12 percent decrease in their business bankruptcy change rates.
| Labels | Change (%) |
| Virginia | 13 |
| Arizona | 11.8 |
| Pennsylvania | 11.1 |
| Florida | 10 |
| Georgia | 10 |
| Texas | 10 |
| North Carolina | 7.1 |
| Maryland | 5.7 |
| Michigan | 3.8 |
| Missouri | 2.2 |
| Indiana | 2.1 |
| Tennessee | 2 |
| Colorado | -1.2 |
| Wisconsin | -1.2 |
| New Jersey | -4 |
| Illinois | -4.5 |
| New York | -5 |
| Massachusetts | -5.7 |
| Ohio | -9.4 |
| California | -10 |
