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California Score and Ranking
| CATEGORY | 2023 SCORE | 2023 RANK | 2022 RANK | 2023 GRADE |
|---|---|---|---|---|
| WORKFORCE | 241 | 12 | 16 | B |
| INFRASTRUCTURE | 205 | 26 | 25 | C+ |
| ECONOMY | 152 | 37 | 17 | D+ |
| LIFE, HEALTH & INCLUSION | 207 | 19 | 26 | C+ |
| COST OF DOING BUSINESS | 83 | 45 | 48 | D |
| TECHNOLOGY & INNOVATION | 235 | 1 | 1 | A+ |
| BUSINESS FRIENDLINESS | 53 | 47 | 48 | F |
| EDUCATION | 78 | 9 | 11 | B+ |
| ACCESS TO CAPITAL | 49 | 1 | 1 | A+ |
| COST OF LIVING | 4 | 49 | 48 | F |
| OVERALL | 1307 | 25 | 29 |
Economic Profile
Governor: Gavin Newsom, Democrat
Population: 39,029,342
GDP growth (Q1 2023): 1.20%
Unemployment rate (May 2023): 4.50%
Top corporate tax rate: 8.84%
Top individual income tax rate: 12.30%
Gasoline tax: 86.55 cents/gallon
Bond rating (Moody's/S&P): Aa2, Stable/AA-, Positive
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 (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
