Top States for Business

49. Hawaii

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Hawaii Score and Ranking

CATEGORY 2025 SCORE 2025 RANK 2024 RANK 2025 GRADE
ECONOMY2003949D+
INFRASTRUCTURE1264847F
WORKFORCE1702932C-
COST OF DOING BUSINESS385050F
BUSINESS FRIENDLINESS954442D+
QUALITY OF LIFE17367B
TECHNOLOGY & INNOVATION854845F
EDUCATION414241D+
ACCESS TO CAPITAL144848F
COST OF LIVING94948F
OVERALL9514950

Economic Profile

Governor: Josh Green, Democrat

Population: 1,446,146

GDP growth (Q1 2025): -0.3%

Unemployment rate (May 2025): 2.8%

Top corporate tax rate: 6.4%

Top individual income tax rate: 11%

Gasoline tax: 36.50 cents/gallon

Bond rating (Moody's/S&P): Aa2, 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, Energy Information Administration (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

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