Economic Profile
Governor: Gavin Newsom, Democrat
Population: 39,557,045
GDP growth (Q4 2018): 2.2%
Unemployment rate (May 2019): 4.2%
Top corporate tax rate: 8.84%
Top individual income tax rate: 12.3%
Gasoline tax: 60.8 cents/gallon
Bond rating: (Moody's/S&P): Aa3, positive/AA-, stable
Major private employers: Kaiser Permanente, Apple
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