Alaska Economy

June 29, 2010US State Economiesby EconomyWatch

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Demography And Social Indicators

Alaska economy teaches the true meaning of small businesses not only to the United States but also to the whole Globe as the small businesses in the state have acted as Job generators, innovators and created huge opportunities for the individuals in the communities.

The small businesses are an economic engine indispensable to Alaska's well being is apparent in the 2001 Small Business Profile, compiled by the U.S. Small Business Administration's Office of Advocacy.

Demography and Social Indicators
The state constitutes a total area of 663,267 Sq mi;. Total Acres forested 126.9 mil. The total population of the state in July 2004 was estimated at 655,435 in comparison to 648,818 in July 2003. The net change in the population of the state in 2002-03 was 1.1%.

The density of the population of the state is 1.1 per Sq. mi. With regards to the racial distribution in the year 2000: 69.3% white and 3.5% black.

Business and Economy of Alaska
There is an increase in the personal income of Alaska. In the Second-quarter 2004 personal income was $21.5 billion, compared to $23.6 billion in the second quarter 2005. The rate of growth in personal income suggests that an almost 10 percent increase throughout Alaska. There was a 1.5 percent growth over the last quarter reported, first-quarter 2005 to second-quarter 2005, from $23.3 billion to $23.6 billion.

Among the various sectors of the state, the chief industries constitute petroleum, tourism, fishing, mining, forestry, transportation and aerospace.The chief manufacturing goods include fish products, lumber and pulp and the furs.The chief agricultural crops include green house products, barley, oats, hay, potatoes, lettuce and aquaculture.The livestocks of the state in Jan 2004 include 12,500 cattle/calves; Jan 2003: 1,500 hogs/pigs.

Energy Production In Alaska
Electricity production (Est. 2003, kwh by source):

Coal 168 mil; petroleum 756 mil; gas 3.2 bil; hydroelectric 1.7 bil.

The over all economic performance of the state is fine from 1912 when the state became a territory.

Tourist Attraction Of Alaska
The tourist attractions of the state are as follows:

  • The tourist attractions of Alaska are as follows:
  • Portage Glacier;
  • Mendenhall Glacier;
  • Ketchikan Totems;
  • Glacier Bay Natl;
  • N. America' highest peak;
  • Mt. Robert's Tramway,
  • St Michael's Russian Orthodox Cathedral.
  • Katmai Natl

Colleges, Schools and Universities In Alaska

  • American Intercontinental University Online
  • American Sentinel University - Online
  • American College of Computer and Information Sciences
  • The Art Institute Online
  • Byrant and Stratton College - Online
  • Capella University
  • Clayton College of Natural Health - Distance Learning
  • Ellis College - Online
  • Grantham University Online
  • ITT Technical Institute
  • ITT Technical Institute - Online
  • Jones International University Online
  • Kaplan University - Online School
  • Kennedy-Western University
  • South University - Online
  • University of Phoenix
  • University Alliance Online
  • Westwood College of Technology - Online
  • Alaska Pacific University
  • Sheldon Jackson College
  • University of Alaska Anchorage
  • University of Alaska Fairbanks
  • University of Alaska Southeast

Further Readings