Top States for Business 2021

49. Hawaii

The Aloha State is a welcoming and healthy place. But the high costs can keep people away.

Hawaii Score and Ranking

Category 2021 Score 2021 Rank 2019 Rank 2021 Grade
Cost of Doing Business655049F
Life, Health & Inclusion2842--A-
Business Friendliness843642C-
Access to Capital414144F
Technology & Innovation544140F
Cost of Living25050F

Economic Profile

Governor: David Ige, Democrat

Population: 1,407,006

GDP growth (Q1 2021): 4.5%

Unemployment rate (May 2021): 8.1%

Top corporate tax rate: 6.4%

Top individual income tax rate: 11%

Gasoline tax: 46.84 cents/gallon

Bond rating: (Moody's/S&P): Aa2, stable/AA+, negative

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

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