America’s Top States for Business: Maryland

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Economic Profile

Governor: Wes Moore, Democrat

Population: 6,265,347

GDP growth (Q1 2026): 1.50%

Unemployment rate (May 2026): 4.40%

Top corporate tax rate: 8.25%

Top individual income tax rate: 6.50%

Gasoline tax: 65.21 cents/gallon

Bond rating (Moody’s/S&P): Aa1, Stable/AAA, Negative

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