North Dakota Score and Ranking
CATEGORY | 2023 SCORE | 2023 RANK | 2022 RANK | 2023 GRADE |
---|---|---|---|---|
WORKFORCE | 180 | 43 | 31 | D |
INFRASTRUCTURE | 207 | 25 | 21 | C+ |
ECONOMY | 108 | 46 | 37 | F |
LIFE, HEALTH & INCLUSION | 208 | 18 | 4 | C+ |
COST OF DOING BUSINESS | 147 | 29 | 21 | C+ |
TECHNOLOGY & INNOVATION | 89 | 44 | 35 | F |
BUSINESS FRIENDLINESS | 159 | 1 | 1 | A+ |
EDUCATION | 72 | 21 | 26 | B |
ACCESS TO CAPITAL | 16 | 41 | 34 | D |
COST OF LIVING | 33 | 17 | 24 | B |
OVERALL | 1219 | 36 | 13 |
Economic Profile
Governor: Doug Burgum, RepublicanÂ
Population: 779,261
GDP growth (Q1 2023): 12.40%
Unemployment rate (May 2023): 2.10%
Top corporate tax rate: 4.31%
Top individual income tax rate: 2.90%
Gasoline tax: 41.40 cents/gallon
Bond rating (Moody's/S&P): Aa1, 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