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California Score and Ranking
| CATEGORYÂ | 2022 SCOREÂ | 2022 RANK | 2021 RANKÂ | 2022 GRADEÂ |
|---|---|---|---|---|
| WORKFORCE | 236 | 16 | 4 | B- |
| INFRASTRUCTURE | 197 | 25 | 27 | C |
| COST OF DOING BUSINESS | 78 | 48 | 47 | F |
| ECONOMY | 189 | 17 | 27 | C+ |
| LIFE, HEALTH & INCLUSION | 165 | 26 | 26 | C- |
| TECHNOLOGY & INNOVATION | 201 | 1 | 1 | A+ |
| BUSINESS FRIENDLINESS | 55 | 48 | 50 | F |
| EDUCATION | 106 | 11 | 36 | B+ |
| ACCESS TO CAPITAL | 49 | 1 | 1 | A+ |
| COST OF LIVING | 3 | 48 | 48 | F |
| OVERALL | 1279 | 29 | 33 |
Economic Profile
Governor: Gavin Newsom, Democrat
Population: 39,237,836
GDP growth (Q1 2022): -1.0%
Unemployment rate (May 2022): 4.3%
Top corporate tax rate: 8.84%
Top individual income tax rate: 13.30%
Gasoline tax: 68.15 cents/gallon
Bond rating: (Moody's/S&P): Aa2, stable/AA-, positive
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
