Top States for Business

14. Washington

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Washington Score and Ranking

CATEGORY 2025 SCORE 2025 RANK 2024 RANK 2025 GRADE
ECONOMY296618B+
INFRASTRUCTURE2132618C+
WORKFORCE22955B+
COST OF DOING BUSINESS864839D-
BUSINESS FRIENDLINESS1044142C-
QUALITY OF LIFE157145C+
TECHNOLOGY & INNOVATION17844A-
EDUCATION503336C
ACCESS TO CAPITAL391420C+
COST OF LIVING223942D
OVERALL13741410

Economic Profile

Governor: Bob Ferguson, Democrat

Population: 7,958,180

GDP growth (Q1 2025): -0.4%

Unemployment rate (May 2025): 4.5%

Top corporate tax rate: None

Top individual income tax rate: None

Gasoline tax: 71.22 cents/gallon

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

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