George Kavallines | CNBC
Economic Profile
Governor: Rick Snyder, Republican
Population: 9,928,300
GDP growth (Q4 2016): 2.1 percent
Unemployment rate (May 2017): 4.2 percent
Top corporate tax rate: 6.0 percent
Top individual income tax rate: 4.25 percent
Gasoline tax: 40.94 cents/gallon
Bond rating/outlook (Moody's, S&P): Aa1, AA- stable
Major private employers: Ford Motor Co., The Dow Chemical Company
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
