April 2001 Alaska Economic Trends - Alaska Department of Labor - labor state ak-2025

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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.
ing to Alaska Economic Trends: January 2025, the monthly magazine of the Alaska Department of Labor and Workforce Development research and analysis section, moderate growth is the economic outlook for Alaska in 2025. The issue said statewide job growth is forecasted to be 1.6%, with 5,300 jobs added.
All in, more than 91 percent of the states tax revenues derive from the oil and gas industry. That totals about $4.615 billion, or about $6300 for each person living in Alaska. Thats a very large amount of taxes that individuals living in Alaska dont have to provide.
This geographical isolation, while part of Alaskas allure, also acts as a barrier to economic growth and development, exacerbating the labor shortage in certain regions. The labor shortage in Alaska has profoundly impacted a wide range of industries that form the backbone of the states economy.
In April 2025, the top exports of Alaska were Gold ($127M), Non-fillet Frozen Fish ($110M), Fish Fillets ($95.2M), Crude Petroleum ($77M), and Precious Metal Ore ($39.8M). Alaska exports mostly to South Korea ($126M), Australia ($103M), Japan ($100M), China ($59.1M), and Netherlands ($30.6M).
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The oil and gas industry is the largest component of Alaskas economy.
Between 2004 and 2006, the federal government was responsible for 135,000 Alaska jobs, the petroleum sector provided 110,000 jobs and all other industries and services combined for 122,000 jobs. The Trans-Alaska Pipeline transports oil, Alaskas most important export, from the North Slope to Valdez.
Overview of the Alaska Economy Alaskas gross state product (GSP) in 2025 docHubed $55.8b, with growth of 2.1% over the 5 years to 2025. Businesses in Alaska employed a total of 345,201 people in 2025, with average annual employment growth over the past five years of 2.7%.

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