LotsCap

Economy Profile

Kodiak Island Borough

  • Alaska State
  • October, 2024
TSAC-CFD-02150

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 921621
AVG Real Growth (2017-2022)
-0.74 %
Unemployment Rate (May, 2024)
3.6 %
Labor Force Size
6538
Number of Businesses
481
Average Annual Wage
$ 61414

Economy Structure

Population & Household section gives reader an outlook. of general population profile, structure, and outlook.

GDP

GDP (2022, Thousands)
$ 921621
GDP Per Capita
$ 70541
GDP Growth Rate (2022)
3.2 %
Average Growth Rate (2017-2022)
-0.74 %
Goods Producing Contribution (%)
27.1%
Service Providing Contribution (%)
44.4%
Goverment Contribution
28.5%
GDP Historical Growth Rate
Source: Bureau of Economic Analysis | CAGDP2, CAGDP11
GDP by Sectors
Source: Bureau of Economic Analysis | CAGDP2, CAGDP11
GDP Growth by Sectors
Source: Bureau of Economic Analysis | CAGDP11

Monthly Employment

Total Labor Force
6538
Labor Force Growth
-6.43%
Unemployment
237
Unemployment Rate
3.6%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
69.4%
Employment Rate (with Bachelor's Degree)
80.7%
Employment Rate (75+ y.o.)
6.8%
Employment Rate (Black)
20.8%
Employment Rate (Female)
77.2%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
481
Number of Employment
5677
Annual Average Wages
$ 61414
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 72000
Service-providing (avg pay)
$ 55669
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 91138
Household Income (Median)
$ 106803
Per Capita Income
$ 39563
Per Capita Income Growth (2010-2022)
49.8 %
Gini Index
0.4005*
Poverty Rate
8.0 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov