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West Virginia Score and Ranking
| CATEGORYÂ | 2022 SCOREÂ | 2022 RANK | 2021 RANKÂ | 2021 GRADEÂ |
|---|---|---|---|---|
| WORKFORCE | 177 | 43 | 44 | D |
| INFRASTRUCTURE | 155 | 42 | 41 | D- |
| COST OF DOING BUSINESS | 225 | 10 | 21 | A |
| ECONOMY | 134 | 39 | 35 | D |
| LIFE, HEALTH & INCLUSION | 146 | 34 | 22 | D+ |
| TECHNOLOGY & INNOVATION | 61 | 49 | 49 | F |
| BUSINESS FRIENDLINESS | 53 | 49 | 46 | F |
| EDUCATION | 68 | 44 | 45 | D+ |
| ACCESS TO CAPITAL | 19 | 38 | 47 | D |
| COST OF LIVING | 43 | 8 | 15 | B+ |
| OVERALL | 1081 | 44 | 47 |
Economic Profile
Governor: Jim Justice, Republican
Population: 1,782,959
GDP growth (Q1 2022): -6.1%
Unemployment rate (May 2022): 3.5%
Top corporate tax rate: 6.5%
Top individual income tax rate: 6.5%
Gasoline tax: 35.70 cents/gallon
Bond rating (Moody's/S&P): Aa2, 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
