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Hawaii Score and Ranking
| CATEGORYÂ | 2022 SCOREÂ | 2022 RANK | 2021 RANKÂ | 2022 GRADEÂ |
|---|---|---|---|---|
| WORKFORCE | 229 | 19 | 18 | C+ |
| INFRASTRUCTURE | 165 | 39 | 39 | D |
| COST OF DOING BUSINESS | 41 | 50 | 50 | F |
| ECONOMY | 102 | 48 | 49 | F |
| LIFE, HEALTH & INCLUSION | 262 | 3 | 2 | A- |
| TECHNOLOGY & INNOVATION | 89 | 40 | 41 | D- |
| BUSINESS FRIENDLINESS | 84 | 35 | 36 | D |
| EDUCATION | 74 | 38 | 31 | C- |
| ACCESS TO CAPITAL | 8 | 49 | 41 | F |
| COST OF LIVING | 1 | 50 | 50 | F |
| OVERALL | 1055 | 46 | 49 |
Economic Profile
Governor: David Ige, Democrat
Population: 1,441,553
GDP growth (Q1 2022): -3.5%
Unemployment rate (May 2022): 4.2%
Top corporate tax rate: 6.4%
Top individual income tax rate: 11%
Gasoline tax: 51.69 cents/gallon
Bond rating: (Moody's/S&P): Aa2, positive/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
