Top States for Business

49. Louisiana

Peter Unger | Stone | Getty Images

Louisiana Score and Ranking

CATEGORY 2023 SCORE 2023 RANK 2022 RANK 2023 GRADE
WORKFORCE1684842F
INFRASTRUCTURE1414648F
ECONOMY1204545D-
LIFE, HEALTH & INCLUSION764845F
COST OF DOING BUSINESS20575A
TECHNOLOGY & INNOVATION864545F
BUSINESS FRIENDLINESS733741D
EDUCATION673035B-
ACCESS TO CAPITAL213237D+
COST OF LIVING351416B+
OVERALL9924948

Economic Profile

Governor: John Bel Edwards, Democrat 

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