STATE ECONOMIC PROFILE
Alaska Economic Overview
$55.8b
GROSS STATE PRODUCT
Growth Rate 2020-25
State Growth Rank
2.1%
47
742,499
POPULATION
Growth Rate 2020-25
State Growth Rank
0.3%
37
98,162
BUSINESSES
Growth Rate 2020-25
State Growth Rank
2.9%
22
Overview of the Alaska Economy
In 2025, the state of Alaska has a population of 742,499, having grown an annualized 0.3% over the five years to 2025, which ranks it 37th out of all 50 US states by growth rate. Alaska's gross state product (GSP) in 2025 reached $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%. The top three sectors by total employment are Transportation and Warehousing, Mining, Real Estate and Rental and Leasing, while the unemployment rate across the state in 2025 was 5.1%.
What is Alaska's Gross Domestic Product (GDP)?
In 2025, Alaska's GDP reached $55.8b, representing an increase of 2.1% from 2024. Alaska's GDP has grown at an annualized rate of 2.1% over the five years to 2025. Moreover, Alaska's trailing five-year GDP growth ranks it 47th out of all 50 US states.
State GDP, or Gross State Product, is a measurement of a state's output, or the sum of value added from all industries in the state. It is a common indicator used to track the health of a state's economy.
You can track trends in Alaska's GDP, and compare them to the national average, using the chart below.
STATE ECONOMIC PROFILE
Alaska Industry Trends
What are Alaska's Largest Industries by Revenue?
The largest industries by revenue in Alaska are Oil Drilling & Gas Extraction, Private Equity, Hedge Funds & Investment Vehicles and Real Estate Investment Trusts, which generated $20.3b, $6.4b and $6.2b in 2025.
STATE ECONOMIC PROFILE
Top Companies in Alaska
Top 10 Companies Headquartered in Alaska by Employment
The largest companies by employment in Alaska are Alaska Airlines, Inc., Arctic Slope Regional and Providence, which employed 26,043, 15,000 and 5,000 people in 2025.
STATE ECONOMIC PROFILE
Alaska Sector Statistics
In Alaska, certain sectors drive a higher share of state GDP and employ more workers than others. However, simply looking at raw numbers doesn't always tell the whole story. Factoring in the current year growth percentage, in addition to the annualized growth percentage over the past five years, will give you a deeper understanding of the economic situation.
What is Alaska's GDP by Sector?
The Transportation and Warehousing, Mining and Real Estate and Rental and Leasing sectors contributed the most to Alaska's GDP in 2025, representing a combined 45.6% of state GDP.
GDP trends by sector are an important indicator of which sectors are contributing the most value-add to the state's economy, in addition to how the state economy is evolving over time.
What is Alaska's Employment by Sector?
The Healthcare and Social Assistance, Retail Trade and Transportation and Warehousing sectors contributed the most to employment in Alaska in 2025, representing a combined 37.2% of state employment.
Employment trends by sector are an important indicator of which sectors are growing or contracting most rapidly relative to the state economy as a whole.
STATE ECONOMIC PROFILE
Alaska Employment Trends
345.2k
EMPLOYMENT
Growth Rate 2020-25
State Growth Rank
1.2%
35
5.1%
UNEMPLOYMENT
Growth Rate 2020-25
State Growth Rank
-9.3%
17
What Employment Trends are Impacting Alaska?
The state of Alaska employs 345,201 people in 2025, which ranks it 48th out of all 50 US states. Employment in Alaska has grown at an annualized rate of 1.2% over the five years to 2025, underperforming the national average of 2.0%. Major sectors by employment in Alaska include Healthcare and Social Assistance, Retail Trade and Transportation and Warehousing, which employed 58,072, 39,419 and 31,001 people in 2025, respectively. Alaska's unemployment rate is 5.1% in 2025, which ranks it 44th out of 50 states. Alaska's unemployment rate has trended downwards at a rate of -9.3% over the five years to 2025, overperforming the US economy as a whole. Employment trends indicate the degree of tightness or slack in labor markets, in addition to the overall strength of an economy. Faster employment growth typically indicates a strong and growing economy, while lower unemployment tends to imply tightness in labor markets.
You can track unemployment trends in Alaska, and compare them to the US economy, using the chart below.
$188.8k
PER CAPITA DISPOSABLE INCOME
Growth Rate 2020-25
State Growth Rank
6.0
43
What is Alaska's Per Capita Disposable Income?
Per capita disposable income, also known as disposable personal income (DPI), is the amount of money that the average person in an economy has available for spending and saving after accounting for income taxes. Alaska's DPI in 2025 was $188.8k, compared to the US average of $143.7k, which places it 43rd out of all 50 US states.
Disposable income is regarded as a key economic indicator as trends in disposable income are indicative of the level of aggregate demand, the state of labor markets and the financial strength of households.
You can track trends in Alaska's per capita disposable income, and compare it to the US average, using the chart below.
STATE ECONOMIC PROFILE
Alaska Construction & Building Trends
$615.6tn
NONRESIDENTIAL CONSTRUCTION
Growth Rate 2020-25
State Growth Rank
17.7%
42
$256.5b
RESIDENTIAL CONSTRUCTION
Growth Rate 2020-25
State Growth Rank
-8.6%
1
749
BUILDING PERMITS
Growth Rate 2020-25
State Growth Rank
-12.9%
1
What can construction trends tell you about a state’s economy?
In Alaska, non-residential construction was $615.6tn in 2025, which ranks it 42nd out of all US states. Residential construction was $256.5b in 2025, which places Alaska 1st in the United States. The number of building permits issued in Alaska in 2025 was 749, representing a -12.9% annualized growth rate between 2020 and 2025.
Trends in the construction sector are important because it creates jobs, income and tax revenue for a state. In addition, construction sector activity impacts other sectors in its supply chain, including manufacturing, wholesaling, warehousing, transportation, and real estate, rental and leasing services. Therefore, construction trends are important indicators of the health of an economy.
You can track trends in the number of building permits issued in Alaska, and compare it to trends in the number issued in the United States as a whole, using the chart below.
STATE ECONOMIC PROFILE
Alaska Population Statistics
Which Counties in Alaska have the Largest Populations?
The counties with the highest populations in Alaska are Anchorage Municipality, Matanuska-Susitna Borough and Fairbanks North Star Borough, which had populations of 283,321, 119,563 and 94,048 people in 2025.
STATE ECONOMIC PROFILE
Alaska Demographics
Education Level Alaska
Race in Alaska
Alaska State Industry Reports
IBISWorld State Industry Reports help you quickly understand how an industry performs at the state level compared with the national level by providing accurate and unbiased industry information with a local focus. Use this collection to:
- Discover key local industry trends
- Identify threats and opportunities at the subnational level
- Inform your business strategies and planning
See our list of 584 Alaska Industry Reports.
