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Matanuska-Susitna Borough, Alaska, has demonstrated a robust economic performance with an annual GDP of approximately 3.76 billion dollars and a GDP per capita of 34,610 dollars. Notably, the borough's GDP growth rate for the last year stands at 2.9%, outpacing Alaska's overall decline of 1.4% and reflecting a positive trend with a compound annual growth rate (CAGR) of 3.54% over the past 13 years. The region's economy is primarily driven by the service sector, contributing 68.3% to the GDP, while goods-producing industries account for 15.7%. In comparison to other counties in Alaska, Matanuska-Susitna's growth rate is among the highest, indicating a resilient local economy amidst broader state challenges. This positions the borough favorably within the state, especially against Anchorage Municipality, which has experienced a slight GDP contraction.
Matanuska-Susitna Borough, AK, exhibits an employment rate of 65.3% for individuals aged 20-64, which is notably lower than both the state average of 69.3% and the national average of 73.8%. The employment rate for those with a Bachelor's degree stands at 76.3%, again trailing behind Alaska's 80% and the national figure of 84.3%. Additionally, the high school graduate employment rate is 60%, which is below the state (64.9%) and national (67.9%) averages. The borough's employment rates for Black individuals (51.4%) and females (61.7%) also reflect disparities compared to state averages (59.6% and 68.9%, respectively). These figures suggest that Matanuska-Susitna Borough faces challenges in workforce participation and educational attainment compared to both state and national benchmarks, indicating potential areas for economic development and policy intervention.
Matanuska-Susitna Borough, AK, exhibits a mean household income of $86,435 and a median household income of $106,734, positioning it favorably within Alaska, where the state averages are $86,370 and $110,602, respectively. Notably, the borough's income per capita at $39,201 is slightly below the state average of $42,828, indicating a potential disparity in income distribution. The Gini index of 0.4189 suggests a relatively equitable income distribution compared to the national average of 0.4829. Furthermore, 11.7% of households earn over $200,000, aligning with the state average of 11.5%, while 10.1% fall below $20,000, higher than Alaska's 9.5%. This data reflects a region that balances higher income potential with a significant portion of lower-income households, highlighting economic diversity within the borough compared to other Alaskan counties.