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Business is choppy in the Ocean State. Health care is sound, but infrastructure is aging.

Rhode Island Score and Ranking

Category 2021 Score 2021 Rank 2019 Rank 2021 Grade
Cost of Doing Business 98 46 44 F
Infrastructure 153 42 50 D
Life, Health & Inclusion 235 13 B-
Workforce 182 23 32 C
Economy 106 36 48 D+
Business Friendliness 93 30 40 C
Access to Capital 41 41 39 F
Technology & Innovation 85 28 27 C
Education 77 28 25 C+
Cost of Living 14 42 41 F
Overall 1084 46 50

Economic Profile

Governor: Dan McKee, Democrat

Population: 1,057,125

GDP growth (Q1 2021): 7.2%

Unemployment rate (May 2021): 5.8%

Top corporate tax rate: 7.0%

Top individual income tax rate: 5.99%

Gasoline tax: 35 cents/gallon

Bond rating (Moody’s/S&P): Aa2, stable/AA, stable

Major private employers: Lifespan, CVS Health

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

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