LotsCap

Economy Profile

North Slope Borough

  • Alaska State
  • October, 2024
TSAC-CFD-02185

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 10099154
AVG Real Growth (2017-2022)
-4.96 %
Unemployment Rate (May, 2024)
5.7 %
Labor Force Size
3075
Number of Businesses
227
Average Annual Wage
$ 126856

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 10099154
GDP Per Capita
$ 924492
GDP Growth Rate (2022)
-9.6 %
Average Growth Rate (2017-2022)
-4.96 %
Goods Producing Contribution (%)
86.1%
Service Providing Contribution (%)
11.7%
Goverment Contribution
2.2%
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
3075
Labor Force Growth
1.32%
Unemployment
176
Unemployment Rate
5.7%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
82.5%
Employment Rate (with Bachelor's Degree)
96.7%
Employment Rate (75+ y.o.)
33.8%
Employment Rate (Black)
97.9%
Employment Rate (Female)
79%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
227
Number of Employment
10528
Annual Average Wages
$ 126856
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 164599
Service-providing (avg pay)
$ 94818
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 83472
Household Income (Median)
$ 109311
Per Capita Income
$ 61841
Per Capita Income Growth (2010-2022)
179.7 %
Gini Index
0.4430*
Poverty Rate
7.9 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov