Louisiana Score and Ranking
CATEGORY | 2023 SCORE | 2023 RANK | 2022 RANK | 2023 GRADE |
---|---|---|---|---|
WORKFORCE | 168 | 48 | 42 | F |
INFRASTRUCTURE | 141 | 46 | 48 | F |
ECONOMY | 120 | 45 | 45 | D- |
LIFE, HEALTH & INCLUSION | 76 | 48 | 45 | F |
COST OF DOING BUSINESS | 205 | 7 | 5 | A |
TECHNOLOGY & INNOVATION | 86 | 45 | 45 | F |
BUSINESS FRIENDLINESS | 73 | 37 | 41 | D |
EDUCATION | 67 | 30 | 35 | B- |
ACCESS TO CAPITAL | 21 | 32 | 37 | D+ |
COST OF LIVING | 35 | 14 | 16 | B+ |
OVERALL | 992 | 49 | 48 |
Economic Profile
Governor: John Bel Edwards, DemocratÂ
Population: 4,590,241
GDP growth (Q1 2023): 1.40%
Unemployment rate (May 2023): 3.60%
Top corporate tax rate: 7.50%
Top individual income tax rate: 4.25%
Gasoline tax: 38.41 cents/gallon
Bond rating (Moody's/S&P): Aa2, Stable/AA-, Positive
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