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Texas Score and Ranking
| CATEGORY | 2023 SCORE | 2023 RANK | 2022 RANK | 2023 GRADE |
|---|---|---|---|---|
| WORKFORCE | 278 | 2 | 2 | A |
| INFRASTRUCTURE | 209 | 24 | 14 | C+ |
| ECONOMY | 324 | 2 | 8 | A+ |
| LIFE, HEALTH & INCLUSION | 53 | 50 | 49 | F |
| COST OF DOING BUSINESS | 181 | 16 | 12 | B+ |
| TECHNOLOGY & INNOVATION | 200 | 8 | 4 | A- |
| BUSINESS FRIENDLINESS | 94 | 25 | 34 | C |
| EDUCATION | 61 | 35 | 21 | C+ |
| ACCESS TO CAPITAL | 49 | 1 | 3 | A+ |
| COST OF LIVING | 29 | 22 | 14 | B- |
| OVERALL | 1478 | 6 | 5 |
Economic Profile
Governor: Greg Abbott, Republican
Population: 30,029,572
GDP growth (Q1 2023): 3.0%
Unemployment rate (May 2023): 4.10%
Top corporate tax rate: None
Top individual income tax rate: None
Gasoline tax: 38.40 cents/gallon
Bond rating (Moody's/S&P): Aaa, Stable/AAA, 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
