Wellesenterprises | Istock Editorial | Getty Images
Arkansas Score and Ranking
| CATEGORYÂ | 2022 SCOREÂ | 2022 RANK | 2021 RANKÂ | 2022 GRADEÂ |
|---|---|---|---|---|
| WORKFORCE | 196 | 38 | 42 | D+ |
| INFRASTRUCTURE | 185 | 30 | 43 | C- |
| COST OF DOING BUSINESS | 215 | 13 | 4 | A |
| ECONOMY | 170 | 24 | 24 | C- |
| LIFE, HEALTH & INCLUSION | 124 | 37 | 43 | D |
| TECHNOLOGY & INNOVATION | 89 | 40 | 42 | D- |
| BUSINESS FRIENDLINESS | 93 | 29 | 34 | D+ |
| EDUCATION | 75 | 37 | 43 | C- |
| ACCESS TO CAPITAL | 27 | 20 | 37 | C |
| COST OF LIVING | 41 | 10 | 4 | A+ |
| OVERALL | 1215 | 41 | 43 |
Economic Profile
Governor: Asa Hutchinson, Republican
Population: 3,025,891
GDP growth (Q1 2022): -0.9%
Unemployment rate (May 2022): 3.2%
Top corporate tax rate: 5.9%
Top individual income tax rate: 5.5%
Gasoline tax: 24.80 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
