Pennsylvania Score and Ranking
CATEGORYÂ | 2022 SCOREÂ | 2022 RANK | 2021 RANKÂ | 2022 GRADEÂ |
WORKFORCE | 213 | 28 | 22 | C |
INFRASTRUCTURE | 223 | 12 | 13 | B |
COST OF DOING BUSINESS | 199 | 22 | 28 | B+ |
ECONOMY | 106 | 45 | 41 | F |
LIFE, HEALTH & INCLUSION | 171 | 22 | 33 | C- |
TECHNOLOGY & INNOVATION | 175 | 7 | 14 | A- |
BUSINESS FRIENDLINESS | 97 | 26 | 39 | D+ |
EDUCATION | 117 | 5 | 5 | A- |
ACCESS TO CAPITAL | 38 | 9 | 12 | B+ |
COST OF LIVING | 19 | 32 | 33 | D+ |
OVERALL | 1358 | 17 | 23 |
Economic Profile
Governor: Tom Wolf, Democrat
Population: 12,964,056
GDP growth (Q1 2022): -2.0%
Unemployment rate (May 2022): 4.6%
Top corporate tax rate: 9.99%
Top individual income tax rate: 3.07%
Gasoline tax: 58.70 cents/gallon
Bond rating (Moody's/S&P): Aa3, stable/A+, 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