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The Aleutians West Census Area in Alaska exhibits a unique economic profile, with an annual GDP of approximately 854 million dollars and a notably high GDP per capita of 163,676 dollars, significantly surpassing both the state average of 89,408 dollars and the national average of 77,754 dollars. The region's economy is heavily reliant on goods production, contributing 60.8% to its GDP, which is markedly higher than the national average of 17.4% and the state average of 25.2%. Despite a recent GDP growth rate of 5.1%, the area has experienced a compound annual growth rate (CAGR) of -2.28% over the past 13 years, indicating long-term economic challenges. Comparatively, while other Alaskan counties like Anchorage and Fairbanks face negative growth rates, Aleutians West's recent performance suggests a potential recovery or sectoral strength, particularly in goods production.
The Aleutians West Census Area, AK, exhibits a notably high employment rate of 85.8% for individuals aged 20-64, significantly surpassing both the state average of 69.3% and the national average of 73.8%. This trend is further reflected in the employment rate for those with a Bachelor's degree at 93.7%, which is also higher than Alaska's 80% and the national figure of 84.3%. The area shows a strong performance in employment among high school graduates (83.6%) and a remarkable 95% employment rate for Black residents, indicating a robust labor market and inclusivity. Compared to other counties in Alaska, such as Matanuska-Susitna Borough (65.3%) and Fairbanks North Star Borough (63.1%), Aleutians West stands out as a leader in employment metrics, suggesting a thriving local economy and effective workforce engagement strategies.
The Aleutians West Census Area in Alaska exhibits a notably high economic profile compared to both state and national averages. With a mean household income of $100,662 and a median household income of $117,300, it surpasses Alaska's state averages of $86,370 and $110,602, respectively. The region's income per capita stands at $47,339, which is also above the state average of $42,828. Furthermore, the Gini index of 0.3254 indicates a lower income inequality compared to the national average of 0.4829 and Alaska's 0.4304. The area boasts 12.9% of households earning over $200,000, significantly higher than the national figure of 9.9% and Alaska's 11.5%. This economic strength may be attributed to the region's unique resources and industries, positioning it favorably within Alaska's economic landscape.