Enzo Figueres | Moment | Getty Images
Rhode Island Score and Ranking
| CATEGORY | 2023 SCORE | 2023 RANK | 2022 RANK | 2023 GRADE |
|---|---|---|---|---|
| WORKFORCE | 225 | 19 | 39 | C+ |
| INFRASTRUCTURE | 151 | 44 | 44 | F |
| ECONOMY | 99 | 48 | 41 | F |
| LIFE, HEALTH & INCLUSION | 230 | 12 | 16 | B- |
| COST OF DOING BUSINESS | 82 | 46 | 47 | D- |
| TECHNOLOGY & INNOVATION | 141 | 25 | 33 | C |
| BUSINESS FRIENDLINESS | 73 | 37 | 36 | D |
| EDUCATION | 57 | 41 | 29 | C |
| ACCESS TO CAPITAL | 23 | 29 | 29 | C- |
| COST OF LIVING | 12 | 43 | 42 | D- |
| OVERALL | 1093 | 45 | 45 |
Economic Profile
Governor: Daniel McKee, Democrat
Population: 1,093,734
GDP growth (Q1 2023): 0.10%
Unemployment rate (May 2023): 3.0%
Top corporate tax rate: 7.0%
Top individual income tax rate: 5.99%
Gasoline tax: 53.40 cents/gallon
Bond rating (Moody's/S&P): Aa2, 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
