Oil continues to represent a core industry in Texas.Â
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| Category | Score | 2018 Rank | 2017 Rank | Grade |
|---|---|---|---|---|
| Workforce | 286 | 7 | 1 | A |
| Infrastructure | 288 | 1 | 1 | A+ |
| Cost of Doing Business | 216 | 18 | 15 | A- |
| Economy | 263 | 1 | 25 | A+ |
| Quality of Life | 142 | 31 | 37 (Tie) | D |
| Technology & Innovation | 157 | 9 | 11 | A- |
| Education | 80 | 37 | 34 (Tie) | D |
| Business Friendliness | 84 | 21 | 24 | C+ |
| Access to Capital | 95 | 3 | 3 | A+ |
| Cost of Living | 40 | 11 | 9 | A- |
| [[link#105237323#Overall]] | 1651 | 1 | [[link#104395434#4]] | - |
Economic Profile
Governor: Greg Abbott, Republican
Population: 28,304,596
GDP growth (Q4 2017): 5.2 percent
Unemployment rate (May 2018): 4.1 percent
Top corporate tax rate: None (levies a gross receipts tax)
Top individual income tax rate: None
Gasoline tax: 20 cents/gallon
Bond rating (Moody's/S&P): Aaa, stable/AAA, stable
Major private employers: H-E-B Super Market Chain, Exxon Mobil
Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
