• Alaska's Gross State Product, 1961-1990

      Larson, Eric; Goldsmith, Scott; Colt, Steve (Institute of Social and Economic Research, University of Alaska., 1991)
      Alaska's gross state product (GSP) in 1990 was almost $25 billion. That compares with less than $1 billion in 1961. Even if we adjust those figures to remove the effects of inflation, the real gross state product was still nearly 6 times bigger in 1990 than it had been 30 years earlier. GSP is a crucial measure of Alaska's economic capacity: of Alaska's ability to produce for the local, national, and world markets. But only a part of GSP stays in Alaska. A big share goes to multi-national oil companies, the federal government, and others outside Alaska. So when we talk about how much GSP grew in recent times, that doesn't all translate into economic benefits for Alaskans.
    • Alaska's Gross State Product, 1961-1993

      Goldsmith, Scott; Hull, Teresa; Hill, Alexandra (Institute of Social and Economic Research, University of Alaska., 1994)
      Gross state product for Alaska is the sum of the value added in Alaska in the production of all the goods and services produced in a year. It is Alaska's contribution to the US gross domestic product. Gross product for an industry is its value added calculated as the market value of output minus the cost of purchased goods and services used in production. For example, the gross product in the Pulp and Paper Manufacturing sector is the market value of pulp produced minus the cost of purchased logs and other inputs such as petroleum and legal services. Value added in timber harvesting, petroleum wholesaling, business services, and other activities providing inputs to pulp manufacturing is separately calculated if produced within the state. If these inputs are imported from another state, they are excluded from the calculation. Tills method captures the value added contributed by each industry and avoids double counting. Tabulated data follows our description of gross state product for Alaska.
    • Alaska's Gross State Product, 1961-1998

      Goldsmith, Scott (Institute of Social and Economic Research, University of Alaska., 1999)
      Alaska gross state product declined by $.5 billion in 1997 and $3.5 billion in 1998 after 3 years of growth. Gross state product measured in current dollars is useful for comparing the contribution of different sectors to total gross state product at a particular point in time. However since Alaska gross state product is dominated by petroleum, and heavily influenced by the production of other commodities which fluctuate in price over time, both the size and composition of gross state product in current dollars can change substantially from year to year independent of the change in the overall level of economic activity as measured either by employment or payroll. Much of this fluctuation is the result of changes in the prices of a few commodities including oil, gas, zinc, and seafood.