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Juneau City and Borough, Alaska, has an annual GDP of approximately 2.9 billion dollars, with a GDP per capita of about 90,985 dollars, indicating a relatively high standard of living compared to the national average of 77,754 dollars. However, the region's GDP growth rate has been modest at 0.5% over the last year, and it has experienced a compound annual growth rate (CAGR) of -1.04% over the past 13 years, reflecting economic challenges. In comparison to other Alaskan counties, Juneau's economy is more reliant on government contributions (29.8%) than the state average (18.1%) and has a higher goods-producing GDP contribution (25.1%) than many neighboring areas. This suggests that while Juneau is performing better than some regions, it still faces significant economic headwinds, particularly in sustaining growth.
Juneau City and Borough, AK, exhibits a robust employment landscape, with a 75.9% employment rate for individuals aged 20-64, surpassing the state average of 69.3% and closely aligning with the national average of 73.8%. The region's employment rate for those with a bachelor's degree stands at 81.9%, which is higher than Alaska's 80% and reflects a strong educational attainment among its workforce. Notably, Juneau's employment rate for high school graduates is also commendable at 66.3%, above the state average of 64.9%. However, the employment rate for seniors (75+) is notably low at 1.9%, indicating potential challenges in workforce participation among older residents. Compared to other Alaskan counties, Juneau ranks favorably, particularly against the Matanuska-Susitna Borough (65.3%) and Fairbanks North Star Borough (63.1%), highlighting its economic resilience and workforce engagement.
Juneau City and Borough, AK, exhibits a robust economic profile with a mean household income of $95,711 and a median household income of $117,189, both significantly higher than the national averages of $75,149 and $105,833, respectively. The region's income per capita stands at $49,207, surpassing the national figure of $41,261, indicating a relatively affluent population. Notably, 13.1% of households earn over $200,000, which is above the state average of 11.5% and reflects a strong upper-income demographic. Additionally, Juneau's income inequality, as measured by the Gini index (0.4037), is lower than both the state (0.4304) and national (0.4829) levels, suggesting a more equitable income distribution. Overall, Juneau stands out as one of Alaska's more prosperous counties, benefiting from a diverse economy and a higher standard of living compared to many other regions in the state.