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Alabama Score and Ranking
| CATEGORY | 2023 SCORE | 2023 RANK | 2022 RANK | 2023 GRADE |
|---|---|---|---|---|
| WORKFORCE | 178 | 44 | 13 | D |
| INFRASTRUCTURE | 228 | 13 | 38 | B |
| ECONOMY | 196 | 21 | 27 | C |
| LIFE, HEALTH & INCLUSION | 86 | 46 | 38 | F |
| COST OF DOING BUSINESS | 190 | 12 | 24 | A |
| TECHNOLOGY & INNOVATION | 126 | 32 | 21 | C- |
| BUSINESS FRIENDLINESS | 61 | 42 | 25 | F |
| EDUCATION | 62 | 34 | 34 | C+ |
| ACCESS TO CAPITAL | 19 | 37 | 34 | D+ |
| COST OF LIVING | 40 | 11 | 3 | A- |
| OVERALL | 1186 | 42 | 33 |
Economic Profile
Governor: Kay Ivey, Republican
Population: 5,074,296
GDP growth (Q1 2023): 0.10%
Unemployment rate (May 2023): 2.20%
Top corporate tax rate: 6.50%
Top individual income tax rate: 5%
Gasoline tax: 49.71 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 (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
