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Pennsylvania Score and Ranking
| CATEGORY | 2023 SCORE | 2023 RANK | 2022 RANK | 2023 GRADE |
|---|---|---|---|---|
| WORKFORCE | 215 | 24 | 28 | C |
| INFRASTRUCTURE | 223 | 17 | 12 | B |
| ECONOMY | 200 | 18 | 45 | C |
| LIFE, HEALTH & INCLUSION | 172 | 27 | 22 | C- |
| COST OF DOING BUSINESS | 157 | 24 | 22 | B- |
| TECHNOLOGY & INNOVATION | 189 | 11 | 7 | B+ |
| BUSINESS FRIENDLINESS | 87 | 31 | 26 | C- |
| EDUCATION | 75 | 13 | 5 | B+ |
| ACCESS TO CAPITAL | 39 | 6 | 9 | B+ |
| COST OF LIVING | 34 | 16 | 32 | B+ |
| OVERALL | 1391 | 15 | 17 |
Economic Profile
Governor: Josh Shapiro, Democrat
Population: 12,972,008
GDP growth (Q1 2023): 1.90%
Unemployment rate (May 2023): 4.0%
Top corporate tax rate: 8.99%
Top individual income tax rate: 3.07%
Gasoline tax: 77.10 cents/gallon
Bond rating (Moody's/S&P): Aa3, Stable/A+, 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
