LotsCap

Economy Profile

Prince of Wales-Hyder Census Area

  • Alaska State
  • October, 2024
TSAC-CFD-02198

Table of Content

Snapshot

-

GDP (2022, Thousands)
$ 292179
AVG Real Growth (2017-2022)
0 %
Unemployment Rate (May, 2024)
7.3 %
Labor Force Size
2578
Number of Businesses
244
Average Annual Wage
$ 52397

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 292179
GDP Per Capita
$ 50384
GDP Growth Rate (2022)
0.7 %
Average Growth Rate (2017-2022)
0 %
Goods Producing Contribution (%)
19.8%
Service Providing Contribution (%)
46.3%
Goverment Contribution
33.9%
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
2578
Labor Force Growth
-1.19%
Unemployment
187
Unemployment Rate
7.3%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
72.2%
Employment Rate (with Bachelor's Degree)
80.9%
Employment Rate (75+ y.o.)
7.1%
Employment Rate (Black)
72.7%
Employment Rate (Female)
69.9%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
244
Number of Employment
2093
Annual Average Wages
$ 52397
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 64958
Service-providing (avg pay)
$ 45580
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 61779
Household Income (Median)
$ 80427
Per Capita Income
$ 34433
Per Capita Income Growth (2010-2022)
42.3 %
Gini Index
0.4250*
Poverty Rate
15.3 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov