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The Kusilvak Census Area in Alaska exhibits a modest annual GDP of approximately 172.7 million dollars, translating to a low GDP per capita of about 20,633 dollars, significantly below the state average of 89,408 dollars and the national average of 77,754 dollars. The region's GDP growth rate for the last year stands at 2%, which, while positive, is overshadowed by a negative compound annual growth rate (CAGR) of -0.64% over the past 13 years. The economy is heavily reliant on government contributions, which account for 60.2% of its GDP, indicating limited diversification. In comparison to other Alaskan counties, Kusilvak's economic performance is among the weakest, with a minimal goods-producing sector (1.3%) and a service-providing sector that is also underdeveloped, highlighting the need for economic diversification and development initiatives.
The Kusilvak Census Area in Alaska exhibits a notably low employment rate of 53.5% for individuals aged 20-64, significantly below the state average of 69.3% and the national average of 73.8%. However, it stands out with a high employment rate of 89.8% for those with a Bachelor's degree, indicating that educational attainment plays a crucial role in employment opportunities within the region. The employment rate for high school graduates is also low at 55.5%, suggesting potential barriers to entry-level jobs. Additionally, the area has a high employment rate of 97.1% among Black residents, which is a unique demographic insight compared to other counties in Alaska. Overall, Kusilvak's economic landscape reflects challenges in general employment, despite strong outcomes for educated individuals, highlighting a need for targeted economic development strategies.
The Kusilvak Census Area in Alaska exhibits significantly lower income levels compared to both state and national averages. With a mean household income of $42,663 and a median household income of $57,035, Kusilvak ranks among the lowest in Alaska, where the state mean is $86,370 and median is $110,602. The income per capita in Kusilvak is just $17,166, starkly contrasting with Alaska's $42,828 and the national figure of $41,261. Additionally, 21% of households earn less than $20,000, highlighting economic challenges in the region. This disparity suggests a reliance on limited economic opportunities, possibly influenced by geographic isolation and a lack of diverse industries, making Kusilvak a critical area for targeted economic development initiatives.