Top States For Business 2019: Hawaii

Hawaii Flag painted on old wood plank texture

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Category	Score	2019 Rank	2018 Rank	Grade
Workforce	182	46	48	F
Economy	93	47	33	F
Infrastructure	107	49	40	F
Cost of Doing Business	50	49	49	F
Quality of Life	297	1	2	A+
Education	93	26	31	C+
Technology & Innovation	53	40	42	F
Business Friendliness	51	42	43	D-
Access to Capital	14	44	42	F
Cost of Living	1	50	50	F
Overall	941	49	47	-

Economic Profile

Governor: David Ige, Democrat

Population: 1,420,491

GDP growth (Q4 2018): 1.1%

Unemployment rate (May 2019): 2.8%

Top corporate tax rate: 6.4%

Top individual income tax rate: 11%

Gasoline tax: 46.76 cents/gallon

Bond rating: (Moody's/S&P): Aa1, stable/AA+, stable

Major private employers: Bank of Hawaii, Corp., Hawaiian Electric Industries Inc.

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

49. Hawaii

It's no wonder this state is known as the Paradise of the Pacific, but everyday life—and business—can be outrageously expensive.

Economic Profile

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