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North Dakota Score and Ranking
| CATEGORY | 2024 SCORE | 2024 RANK | 2023 RANK | 2024 GRADE |
|---|---|---|---|---|
| INFRASTRUCTURE | 171 | 42 | 25 | D+ |
| WORKFORCE | 161 | 43 | 43 | F |
| ECONOMY | 157 | 37 | 46 | D |
| QUALITY OF LIFE | 188 | 20 | 18 | C+ |
| COST OF DOING BUSINESS | 164 | 21 | 29 | B |
| TECHNOLOGY & INNOVATION | 57 | 50 | 44 | F |
| BUSINESS FRIENDLINESS | 225 | 1 | 1 | A+ |
| EDUCATION | 59 | 33 | 21 | B- |
| ACCESS TO CAPITAL | 28 | 37 | 41 | D |
| COST OF LIVING | 32 | 12 | 17 | B |
| OVERALL | 1242 | 34 | 36 |
Economic Profile
Governor: Doug Burgum, Republican
Population: 783,926
GDP growth (Q1 2024): -3.9%
Unemployment rate (May 2024): 2%
Top corporate tax rate: 4.31%
Top individual income tax rate: 2.5%
Gasoline tax: 41.40 cents/gallon
Bond rating (Moody's/S&P): Aa1, Stable/AA+, Stable
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
