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The Yukon-Koyukuk Census Area in Alaska has an annual GDP of approximately 348.7 million dollars, translating to a GDP per capita of about 65,111 dollars. This region's GDP growth rate over the last year stands at 1.5%, with a modest compound annual growth rate (CAGR) of 0.22% over the past 13 years. The economic structure is heavily reliant on government contributions, which account for 36.2% of the GDP, while goods-producing sectors contribute only 4.1%. Compared to the state of Alaska, which has a higher GDP per capita of 89,408 dollars and a negative growth rate of -1.4%, Yukon-Koyukuk shows resilience in growth. However, it lags behind more urbanized areas like Anchorage, which boasts a GDP per capita of 95,672 dollars, highlighting the economic disparities within the state.
The Yukon-Koyukuk Census Area in Alaska exhibits an employment rate of 68% for individuals aged 20-64, which is slightly below the state average of 69.3% and significantly lower than the national average of 73.8%. However, it boasts a high employment rate of 88.5% for those with a Bachelor's degree, indicating a strong correlation between education and employment in the region. The high school graduation employment rate stands at 58.7%, which is notably lower than both the state (64.9%) and national (67.9%) figures. Additionally, the area has a unique demographic aspect, with an employment rate of 0% for Black individuals, highlighting potential disparities in employment opportunities. Overall, while Yukon-Koyukuk shows strengths in educational attainment, it faces challenges in overall employment rates compared to both state and national levels.
The Yukon-Koyukuk Census Area in Alaska exhibits significantly lower income levels compared to both state and national averages. With a mean household income of $47,826 and a median household income of $62,362, it falls well below Alaska's mean of $86,370 and median of $110,602, as well as the national mean of $75,149 and median of $105,833. The income per capita in Yukon-Koyukuk is also low at $29,382, indicating economic challenges. Notably, 24.2% of households earn less than $20,000, which is substantially higher than Alaska's 9.5% and the national average of 12.1%. This suggests a higher prevalence of poverty in the region, reflecting unique socio-economic conditions that may be influenced by its remote location and limited economic opportunities compared to more urbanized areas in Alaska.