April 2001 Alaska Economic Trends - Alaska Department of Labor - labor state ak-2026

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Alaska contains half the nations coal reserves, and its largest silver and zinc mines. Glittering gold in Alaskas streams and mountains still lure miners to work private claims. About 15 million acres of soil in Alaska are suitable for farming, with 1 million acres currently in production.
What is Alaskas Gross Domestic Product (GDP)? In 2025, Alaskas GDP docHubed $55.8b, representing an increase of 2.1% from 2024.
The oil and gas industry is the largest component of Alaskas economy. Nearly 85 percent of the state budget is supplied by oil revenues. The fortunes of Alaskas oil industry, and therefore many sectors of the economy, are dependent upon world oil prices.
In real terms, Alaskas total GDP peaked more than a decade ago, when oil prices were highest. There were only three years between 2015 and 2024 when Alaska showed real GDP growth 2017, 2021 and 2022 which also were the only years when Alaskas growth outpaced the national average, the analysis found.
About 4.8% in July 2025. Thats a 0.1 percentage point increase from a year before. The unemployment rate is the percentage of people in the labor force who are actively looking for work but not currently employed.
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