Economic Profile
Governor: Phil Murphy, Democrat
Population: 8,908,520
GDP growth (Q4 2018): 1.8%
Unemployment rate (May 2019): 3.8%
Top corporate tax rate: 9%
Top individual income tax rate: 10.75%
Gasoline tax: 41.40 cents/gallon
Bond rating (Moody's/S&P): A3, stable/A-, stable
Major private employers: Wakefern Food Corporation, Johnson & Johnson
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 (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence