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The Hoonah-Angoon Census Area in Alaska shows a notable economic performance with an annual GDP of approximately 115.7 million dollars and a GDP per capita of 49,675 dollars. The region experienced a remarkable GDP growth rate of 15.7% in the last year, significantly outpacing the state’s overall decline of 1.4% and the national growth rate of 1.9%. This growth is supported by a substantial government contribution to GDP at 33.4%, alongside a service-providing sector that accounts for 58% of the economy. Comparatively, Hoonah-Angoon's GDP per capita is lower than the state average of 89,408 dollars, but its growth trajectory is promising, especially when contrasted with other counties in Alaska, many of which are experiencing stagnation or decline. This suggests a potential for economic resilience and development in Hoonah-Angoon.
The Hoonah-Angoon Census Area in Alaska exhibits a notable employment landscape, with a 71.7% employment rate for individuals aged 20-64, which is slightly above the state average of 69.3% but below the national average of 73.8%. Impressively, the employment rate for those with a Bachelor's degree stands at 92.2%, significantly higher than both the state (80%) and national (84.3%) figures, indicating a strong correlation between education and employment in this region. However, the high school graduation employment rate is relatively low at 57.5%, suggesting potential challenges for those without higher education. The region's employment rate for females at 72.8% is also above the state average of 68.9%, reflecting a positive trend in female workforce participation. Overall, while Hoonah-Angoon shows strengths in higher education employment, it faces challenges in broader employment accessibility.
The Hoonah-Angoon Census Area in Alaska exhibits a mean household income of $62,344 and a median household income of $84,200, both significantly lower than the state averages of $86,370 and $110,602, respectively. The income per capita stands at $39,257, which is also below the state average of $42,828. Notably, 17.5% of households earn less than $20,000, a stark contrast to the state’s 9.5%. The region's income inequality, indicated by a Gini index of 0.4693, is higher than the state average of 0.4304, suggesting a more pronounced disparity in income distribution. Compared to other counties in Alaska, Hoonah-Angoon ranks among the lower-income areas, highlighting economic challenges that may stem from its remote location and limited economic diversification.