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Economy Profile

Petersburg Borough

  • Alaska State
  • October, 2024
TSAC-CFD-02195

Table of Content

Snapshot

-

GDP (2022, Thousands)
$ 187459
AVG Real Growth (2017-2022)
-1.02 %
Unemployment Rate (May, 2024)
3.7 %
Labor Force Size
1697
Number of Businesses
168
Average Annual Wage
$ 55599

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 187459
GDP Per Capita
$ 55560
GDP Growth Rate (2022)
-8.1 %
Average Growth Rate (2017-2022)
-1.02 %
Goods Producing Contribution (%)
29.5%
Service Providing Contribution (%)
40.3%
Goverment Contribution
30.2%
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
1697
Labor Force Growth
5.27%
Unemployment
63
Unemployment Rate
3.7%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
77.7%
Employment Rate (with Bachelor's Degree)
82.3%
Employment Rate (75+ y.o.)
2.7%
Employment Rate (Black)
83.9%
Employment Rate (Female)
74%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
168
Number of Employment
1276
Annual Average Wages
$ 55599
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 77472
Service-providing (avg pay)
$ 35741
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 77826
Household Income (Median)
$ 96770
Per Capita Income
$ 37856
Per Capita Income Growth (2010-2022)
- %
Gini Index
0.4251*
Poverty Rate
4.6 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov