Economic Profile
Governor: Terry Branstad, Republican
Population: 3,090,416
GDP growth: 2.9 percent
Unemployment rate (May 2014): 4.3 percent
Top corporate tax rate: 12 percent
Top individual income tax rate: 8.98 percent
Gasoline tax: 40 cents/gallon
Bond rating/outlook: Aaa/stable
Major private employer: Hy-Vee Food Stores
Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, Iowa FY 2013 CAFR
