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Texas Score and Ranking
| CATEGORYÂ | 2022 SCOREÂ | 2022 RANK | 2021 RANKÂ | 2022 GRADEÂ |
|---|---|---|---|---|
| WORKFORCE | 299 | 2 | 1 | A+ |
| INFRASTRUCTURE | 219 | 14 | 13 | B- |
| COST OF DOING BUSINESS | 220 | 12 | 10 | A |
| ECONOMY | 247 | 8 | 5 | A- |
| LIFE, HEALTH & INCLUSION | 72 | 49 | 49 | F |
| TECHNOLOGY & INNOVATION | 193 | 4 | 12 | A+ |
| BUSINESS FRIENDLINESS | 86 | 34 | 32 | D |
| EDUCATION | 93 | 21 | 33 | B- |
| ACCESS TO CAPITAL | 44 | 3 | 3 | A |
| COST OF LIVING | 37 | 14 | 13 | B+ |
| OVERALL | 1510 | 5 | 4 |
Economic Profile
Governor: Greg Abbott, Republican
Population: 29,527,941
GDP growth (Q1 2022): -2.3%
Unemployment rate (May 2022): 4.2%
Top corporate tax rate: None (levies a gross receipts tax)
Top individual income tax rate: None
Gasoline tax: 20 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
