Riddhish Chakraborty | Moment | Getty Images
South Carolina Score and Ranking
| CATEGORY | 2023 SCORE | 2023 RANK | 2022 RANK | 2023 GRADE |
|---|---|---|---|---|
| WORKFORCE | 206 | 31 | 29 | C- |
| INFRASTRUCTURE | 240 | 8 | 27 | B+ |
| ECONOMY | 269 | 7 | 13 | B+ |
| LIFE, HEALTH & INCLUSION | 86 | 46 | 47 | F |
| COST OF DOING BUSINESS | 186 | 13 | 28 | B+ |
| TECHNOLOGY & INNOVATION | 112 | 37 | 31 | D |
| BUSINESS FRIENDLINESS | 84 | 32 | 23 | D+ |
| EDUCATION | 70 | 27 | 29 | B |
| ACCESS TO CAPITAL | 16 | 41 | 41 | D |
| COST OF LIVING | 30 | 21 | 18 | B- |
| OVERALL | 1299 | 27 | 36 | |
Economic Profile
Governor: Henry McMaster, Republican
Population: 5,282,634
GDP growth (Q1 2023): 1.0%
Unemployment rate (May 2023): 3.10%
Top corporate tax rate: 5.00%
Top individual income tax rate: 6.40%
Gasoline tax: 45.15 cents/gallon
Bond rating (Moody's/S&P): Aaa, 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
