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The Copper River Census Area in Alaska has an annual GDP of approximately 143.2 million dollars, with a GDP per capita of about 54,795 dollars. Notably, the region has experienced a robust GDP growth rate of 2.6% over the last year and an impressive compound annual growth rate (CAGR) of 8.8% over the past 13 years, indicating a strong upward trend in economic performance. In comparison, Alaska's overall GDP growth rate has been negative at -1.4%, and the state’s GDP per capita stands at 89,408 dollars, highlighting the Copper River Census Area's relative resilience. The region's government contribution to GDP is significant at 24.9%, reflecting its reliance on public sector activities, which is higher than the national average of 11.4%. This suggests that while the area is growing, it may still be vulnerable to fluctuations in government funding and support.
The Copper River Census Area, AK, exhibits an employment rate of 71.3% for individuals aged 20-64, which is slightly above the state average of 69.3% but below the national average of 73.8%. The region's employment rate for those with a Bachelor's degree stands at 79.6%, aligning closely with Alaska's 80% and significantly lower than the national figure of 84.3%. High school graduates in Copper River have a 61% employment rate, which is notably lower than both the state (64.9%) and national averages (67.9%). Additionally, the employment rate for seniors (75+) is relatively low at 4.1%, indicating potential challenges for older workers. Overall, while Copper River shows competitive employment rates, it still faces hurdles compared to both state and national benchmarks, particularly in educational attainment and high school graduate employment.
The Copper River Census Area, AK, exhibits a mean household income of $70,606 and a median household income of $88,145, which are notably lower than both the state averages of $86,370 and $110,602, respectively. This region's income per capita stands at $37,887, reflecting a modest economic position compared to the national average of $41,261 and Alaska's $42,828. The income inequality, indicated by a Gini index of 0.4125, is relatively moderate, suggesting a more equitable income distribution than the national average of 0.4829. Additionally, 10.2% of households earn over $200,000, while 12.9% fall below $20,000, highlighting economic challenges faced by a segment of the population. Overall, Copper River's economic indicators suggest a need for growth strategies to align more closely with state and national benchmarks.