Economic Recovery Dashboard

Highlights

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National Business
Tax Ranking

PA Overall Rank

  • 1 Wyoming
  • 27th Pennsylvania
  • 50 New Jersey

Pennsylvania has remained stagnant in its annual business tax climate ranking over the past several years.    

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National Corporate
Tax Rate Ranking

At 9.99 percent, Pennsylvania’s uncompetitive Corporate Net Income Tax rate is one of the highest in the nation and a major red flag for potential investment.

* The 2022-23 state budget implements a phased-in reduction to the Corporate Net Income Tax rate over the course of nine years - starting with a full one percent reduction in 2023 to 8.99 percent and then phasing down each year by .50 percent until reaching 4.99 percent in 2031.

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UNEMPLOYMENT RATE

PA Average

NATIONAL AVERAGE

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STATE GROSS DOMESTIC PRODUCT

Percent Change in State GDP

Numbers reflect Real Gross Domestic Dollars

Q2 2022 Data is preliminary from the Bureau of Economic Analysis

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Structurally
Deficient BRIDGES

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Labor Participation Rate

PA Overall Rank: 30th

Pennsylvania's labor participation rate was 61.7 percent in September 2022

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Percent of Population Growth

U.S. CENSUS YEARS

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Broadband Access By State

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Spending Per Mile Per Of Road (2019 Rank)

(Ranked from lowest spend to highest)

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NET electricity export ranking

PA ranks No. 1 in the nation as a net electricity exporter

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natural gas and nuclear energy PRODUCTION


PA ranks No. 2 in the nation

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