Top States for Business 2023: Arkansas


Little Rock, Arkansas, USA skyline on the river at twilight.

Sean Pavone | Istock | Getty Images

Governor: Sarah Huckabee Sanders, Republican

Population: 3,045,637

GDP growth (Q1 2023): 0.20%

Unemployment rate (May 2023): 2.70%

Top corporate tax rate: 5.10%

Top individual income tax rate: 4.90%

Gasoline tax: 43.20 cents/gallon

Bond rating (Moody’s/S&P): Aa1, Stable/AA, StableĀ 

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


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