Low costs can make for big profits. But weak growth leaves the economy stuck.
Economic Profile
Governor: John Bel Edwards, Democrat
Population: 4,645,318
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GDP growth (Q1 2021): 4.7%
Unemployment rate (May 2021): 7.1%
Top corporate tax rate: 8%
Money Report
Top individual income tax rate: 6%
Gasoline tax: 20.01 cents/gallon
Bond rating (Moody's/S&P): Aa3, positive/AA-, stable
Major private employers: Ochsner Health, CenturyLink
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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