Alaska Posts Highest Per-Capita GDP

Alaska had a $49 billion economy last year, with the largest single piece of that coming from oil and mining.

State labor department economist Neal Fried says Alaska had the highest per-capita gross domestic product at $63,000. The U.S. average was $42,000.

The GDP is a measure of goods and services produced.

Fried, in a recent article in the labor department publication “Alaska Economic Trends,” said oil and gas represented 25 percent of Alaska’s GDP last year.

He says the public sector is the second largest contributor after oil, making up 19 percent of the GDP.

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