The Volunteer State steps up with great infrastructure and economy, but poor health and a lack of inclusiveness hurt.
Economic Profile
Governor: Bill Lee, Republican
Population: 6,886,834
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GDP growth (Q1 2021): 7.4%
Unemployment rate (May 2021): 5%
Top corporate tax rate: 6.5%
Money Report
Top individual income tax rate: None
Gasoline tax: 27.40 cents/gallon
Bond rating (Moody's/S&P): Aaa, stable/AAA, stable
Major private employers: Covenant Health, FedEx
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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