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Arkansas Score and Ranking
| CATEGORY | 2024 SCORE | 2024 RANK | 2023 RANK | 2024 GRADE |
|---|---|---|---|---|
| INFRASTRUCTURE | 177 | 41 | 46 | D+ |
| WORKFORCE | 187 | 32 | 31 | D |
| ECONOMY | 158 | 34 | 14 | D+ |
| QUALITY OF LIFE | 93 | 46 | 42 | F |
| COST OF DOING BUSINESS | 176 | 14 | 15 | B+ |
| TECHNOLOGY & INNOVATION | 76 | 42 | 49 | F |
| BUSINESS FRIENDLINESS | 121 | 31 | 44 | C |
| EDUCATION | 54 | 37 | 42 | C+ |
| ACCESS TO CAPITAL | 30 | 32 | 20 | D+ |
| COST OF LIVING | 30 | 17 | 12 | B- |
| OVERALL | 1102 | 45 | 44 |
Economic Profile
Governor: Sarah Huckabee Sanders, Republican
Population: 3,067,732
GDP growth (Q1 2024): 2.5%
Unemployment rate (May 2024): 3.4%
Top corporate tax rate: 4.8%
Top individual income tax rate: 4.7%
Gasoline tax: 43.20 cents/gallon
Bond rating (Moody's/S&P): Aa1, Stable/AA, Positive
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
