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Aleutians East Borough, Alaska, exhibits a unique economic profile with an annual GDP of approximately 322.7 million dollars and a GDP per capita of 94,725 dollars, which is notably higher than the state average of 89,408 dollars. The borough's GDP growth rate of 4.9% in the last year contrasts sharply with Alaska's overall decline of 1.4%, indicating a robust local economy. A significant 83.9% of its GDP stems from goods-producing industries, far exceeding the national average of 17.4% and highlighting its reliance on sectors such as fishing and resource extraction. Comparatively, while many Alaskan counties struggle with negative growth rates, Aleutians East Borough's performance stands out, suggesting resilience and potential for further economic development in a challenging state environment.
Aleutians East Borough, AK, exhibits a notably high employment rate of 81.1% for individuals aged 20-64, surpassing both the state average of 69.3% and the national average of 73.8%. The borough also boasts an impressive 86.2% employment rate for those with a bachelor's degree, indicating a strong educational workforce compared to Alaska's 80% and the national figure of 84.3%. Furthermore, the employment rate for high school graduates stands at 73.1%, above Alaska's 64.9%. A striking feature is the 38.1% employment rate for those aged 75 and older, significantly higher than the state and national averages. The borough's employment rates for Black individuals (99.5%) and females (81.6%) also reflect a unique demographic advantage, positioning Aleutians East Borough favorably within Alaska's economic landscape.
Aleutians East Borough, AK, exhibits a mean household income of $79,961 and a median household income of $88,309, which are notably lower than the state averages of $86,370 and $110,602, respectively. However, the borough's income per capita of $42,165 is slightly below the state average of $42,828, indicating a relatively stable economic environment. A significant 14.5% of households earn over $200,000, surpassing the state average of 11.5%, while 10.7% earn less than $20,000, higher than Alaska's 9.5%. The borough's Gini index of 0.3727 suggests a more equitable income distribution compared to both state (0.4304) and national (0.4829) levels, highlighting a unique economic landscape within Alaska.