Low costs can make for big profits. But weak growth leaves the economy stuck.
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Louisiana Score and Ranking
| Category | 2021 Score | 2021 Rank | 2019 Rank | 2021 Grade |
|---|---|---|---|---|
| Cost of Doing Business | 293 | 3 | 13 | A+ |
| Infrastructure | 160 | 40 | 42 | D+ |
| Life & Health | 129 | 42 | -- | F |
| Workforce | 180 | 25 | 41 | C |
| Economy | 49 | 50 | 49 | F |
| Business Friendliness | 49 | 45 | 39 | D- |
| Access to Capital | 104 | 23 | 33 | C+ |
| Technology & Innovation | 45 | 47 | 42 | F |
| Education | 64 | 40 | 37 | D+ |
| Cost of Living | 51 | 17 | 18 | B |
| Overall | 1124 | 44 | 46 |
Economic Profile
Governor: John Bel Edwards, Democrat
Population: 4,645,318
GDP growth (Q1 2021): 4.7%
Unemployment rate (May 2021): 7.1%
Top corporate tax rate: 8%
Top individual income tax rate: 6%
Gasoline tax: 20.01 cents/gallon
Bond rating (Moody's/S&P): Aa3, positive/AA-, stable
Major private employers: Ochsner Health, CenturyLink
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
