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Alabama Score and Ranking
| CATEGORYÂ | 2022 SCOREÂ | 2022 RANK | 2021 RANKÂ | 2022 GRADEÂ |
|---|---|---|---|---|
| WORKFORCE | 252 | 13 | 35 | B |
| INFRASTRUCTURE | 166 | 38 | 32 | D |
| COST OF DOING BUSINESS | 195 | 24 | 22 | B+ |
| ECONOMY | 161 | 27 | 29 | C- |
| LIFE, HEALTH & INCLUSION | 116 | 38 | 44 | D- |
| TECHNOLOGY & INNOVATION | 137 | 21 | 33 | C+ |
| BUSINESS FRIENDLINESS | 100 | 25 | 19 | C- |
| EDUCATION | 77 | 34 | 34 | C- |
| ACCESS TO CAPITAL | 22 | 34 | 25 | D+ |
| COST OF LIVING | 48 | 3 | 6 | A |
| OVERALL | 1274 | 33 | 31 |
Economic Profile
Governor: Kay Ivey, Republican
Population: 5,039,877
GDP growth (Q1 2022): -1.8%
Unemployment rate (May 2022): 2.7%
Top corporate tax rate: 6.5%
Top individual income tax rate: 5%
Gasoline tax: 31.31 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 (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
