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Arizona Score and Ranking
| CATEGORY | 2023 SCORE | 2023 RANK | 2022 RANK | 2023 GRADE |
|---|---|---|---|---|
| WORKFORCE | 276 | 3 | 7 | A |
| INFRASTRUCTURE | 241 | 7 | 6 | B+ |
| ECONOMY | 219 | 15 | 22 | C+ |
| LIFE, HEALTH & INCLUSION | 148 | 35 | 50 | D+ |
| COST OF DOING BUSINESS | 121 | 33 | 35 | C- |
| TECHNOLOGY & INNOVATION | 169 | 18 | 29 | B- |
| BUSINESS FRIENDLINESS | 121 | 13 | 4 | B |
| EDUCATION | 55 | 42 | 42 | C |
| ACCESS TO CAPITAL | 29 | 17 | 41 | C+ |
| COST OF LIVING | 13 | 40 | 33 | D- |
| OVERALL | 1392 | 14 | 34 |
Economic Profile
Governor: Katie Hobbs, Democrat
Population: 7,359,197
GDP growth (Q1 2023): 2.70%
Unemployment rate (May 2023): 3.40%
Top corporate tax rate: 4.90%
Top individual income tax rate: 2.5%
Gasoline tax: 37.40 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
