Washington Score and Ranking
| CATEGORY | 2022 SCORE | 2022 RANK | 2021 RANK | 2022 GRADE |
|---|---|---|---|---|
| WORKFORCE | 282 | 4 | 7 | A |
| INFRASTRUCTURE | 187 | 29 | 29 | C- |
| COST OF DOING BUSINESS | 154 | 33 | 36 | C+ |
| ECONOMY | 268 | 3 | 11 | A |
| LIFE, HEALTH & INCLUSION | 239 | 6 | 7 | B+ |
| TECHNOLOGY & INNOVATION | 196 | 2 | 4 | A+ |
| BUSINESS FRIENDLINESS | 89 | 31 | 16 | D+ |
| EDUCATION | 103 | 17 | 14 | B |
| ACCESS TO CAPITAL | 27 | 20 | 39 | C |
| COST OF LIVING | 13 | 38 | 38 | D- |
| OVERALL | 1558 | 2 | 9 |
Economic Profile
Governor: Jay Inslee, Democrat
Population: 7,738,692
GDP growth (Q1 2022): -3.3%
Unemployment rate (May 2022): 3.9%
Top corporate tax rate: None (levies a gross receipts tax)
Top individual income tax rate: None (has added a 7% capital gains tax on profits that exceed $250,000 per person or married couple from selling capital assets, such as stocks and bonds. Currently being challenged in court.)
Gasoline tax: 49.40 cents/gallon
Bond rating (Moody's/S&P): Aaa, 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
Correction: Washington ranked 7th for Workforce and 29th for Infrastructure in the 2021 America's Top States for Business rankings. An earlier version of this state profile page misstated those rankings.
