Top States for Business

49. Hawaii

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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
Infrastructure1623949D+
Life, Health & Inclusion2842--A-
Workforce1941846C+
Economy514947F
Business Friendliness843642C-
Access to Capital414144F
Technology & Innovation544140F
Education743126C-
Cost of Living25050F
Overall10114949--

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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