LotsCap

Economy Profile

Lake and Peninsula Borough

  • Alaska State
  • October, 2024
TSAC-CFD-02164

Table of Content

Snapshot

-

GDP (2022, Thousands)
$ 100394
AVG Real Growth (2017-2022)
0.84 %
Unemployment Rate (May, 2024)
4.9 %
Labor Force Size
916
Number of Businesses
115
Average Annual Wage
$ 50435

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 100394
GDP Per Capita
$ 100494
GDP Growth Rate (2022)
-19.6 %
Average Growth Rate (2017-2022)
0.84 %
Goods Producing Contribution (%)
- %
Service Providing Contribution (%)
- %
Goverment Contribution
30.4%
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
916
Labor Force Growth
2.58%
Unemployment
45
Unemployment Rate
4.9%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
70.4%
Employment Rate (with Bachelor's Degree)
90.4%
Employment Rate (75+ y.o.)
25.9%
Employment Rate (Black)
27.3%
Employment Rate (Female)
58.1%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
115
Number of Employment
892
Annual Average Wages
$ 50435
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 62715
Service-providing (avg pay)
$ 57686
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 61607
Household Income (Median)
$ 72594
Per Capita Income
$ 39409
Per Capita Income Growth (2010-2022)
159.9 %
Gini Index
0.3936*
Poverty Rate
15.2 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov