LotsCap

Economy Profile

Kenai Peninsula Borough

  • Alaska State
  • October, 2024
TSAC-CFD-02122

Table of Content

Snapshot

-

GDP (2022, Thousands)
$ 3332909
AVG Real Growth (2017-2022)
-1.9 %
Unemployment Rate (May, 2024)
4.5 %
Labor Force Size
28985
Number of Businesses
2358
Average Annual Wage
$ 59875

Economy Structure

Population & Household section gives reader an outlook. of general population profile, structure, and outlook.

GDP

GDP (2022, Thousands)
$ 3332909
GDP Per Capita
$ 56266
GDP Growth Rate (2022)
-2.2 %
Average Growth Rate (2017-2022)
-1.9 %
Goods Producing Contribution (%)
25.3%
Service Providing Contribution (%)
56%
Goverment Contribution
18.8%
GDP Historical Growth Rate
Source: Bureau of Economic Analysis | CAGDP2, CAGDP11
GDP by Sectors
Source: Bureau of Economic Analysis | CAGDP2, CAGDP11
GDP Growth by Sectors
Source: Bureau of Economic Analysis | CAGDP11

Monthly Employment

Total Labor Force
28985
Labor Force Growth
-3.14%
Unemployment
1315
Unemployment Rate
4.5%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
67.3%
Employment Rate (with Bachelor's Degree)
79.1%
Employment Rate (75+ y.o.)
4.7%
Employment Rate (Black)
18.5%
Employment Rate (Female)
63.8%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
2358
Number of Employment
21074
Annual Average Wages
$ 59875
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 89791
Service-providing (avg pay)
$ 48324
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 76272
Household Income (Median)
$ 99127
Per Capita Income
$ 40720
Per Capita Income Growth (2010-2022)
39.8 %
Gini Index
0.4540*
Poverty Rate
12.5 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov