Ingo Dörenberg | Istock Editorial | Getty Images
South Dakota Score and Ranking
| CATEGORYÂ | 2022 SCOREÂ | 2022 RANK | 2021 RANKÂ | 2022 GRADEÂ |
|---|---|---|---|---|
| WORKFORCE | 177 | 43 | 47 | D |
| INFRASTRUCTURE | 171 | 36 | 48 | D |
| COST OF DOING BUSINESS | 223 | 11 | 12 | A |
| ECONOMY | 208 | 12 | 17 | B- |
| LIFE, HEALTH & INCLUSION | 163 | 27 | 15 | C- |
| TECHNOLOGY & INNOVATION | 95 | 36 | 46 | D |
| BUSINESS FRIENDLINESS | 140 | 8 | 1 | B+ |
| EDUCATION | 73 | 39 | 18 | D+ |
| ACCESS TO CAPITAL | 36 | 10 | 34 | B |
| COST OF LIVING | 22 | 29 | 28 | C |
| OVERALL | 1308 | 22 | 29 |
Economic Profile
Governor: Kristi L. Noem, Republican
Population: 895,376
GDP growth (Q1 2022): -3.5%
Unemployment rate (May 2022): 2.3%
Top corporate tax rate: None
Top individual income tax rate: None
Gasoline tax: 30 cents/gallon
Bond rating (Moody's/S&P): Aaa, stable/AAA, 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
