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Arizona Score and Ranking
| CATEGORYÂ | 2022 SCOREÂ | 2022 RANK | 2021 RANKÂ | 2021 GRADEÂ |
|---|---|---|---|---|
| WORKFORCE | 273 | 7 | 5 | A- |
| INFRASTRUCTURE | 239 | 6 | 8 | B+ |
| COST OF DOING BUSINESS | 144 | 35 | 37 | C |
| ECONOMY | 171 | 22 | 14 | C- |
| LIFE, HEALTH & INCLUSION | 67 | 50 | 50 | F |
| TECHNOLOGY & INNOVATION | 117 | 29 | 27 | C- |
| BUSINESS FRIENDLINESS | 151 | 4 | 7 | A- |
| EDUCATION | 71 | 42 | 41 | D+ |
| ACCESS TO CAPITAL | 16 | 41 | 26 | D- |
| COST OF LIVING | 18 | 33 | 31 | D+ |
| OVERALL | 1267 | 34 | 30 |
Economic Profile
Governor: Doug Ducey, Republican
Population: 7,276,316
GDP growth (Q1 2022): -2.5%
Unemployment rate (May 2022): 3.2 %
Top corporate tax rate: 4.9%
Top individual income tax rate: 4.5%
Gasoline tax: 19 cents/gallon
Bond rating: (Moody's/S&P): Aa1, stable/AA, stable
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
