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    Alaska's Gross State Product, 1961-1990

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    Author
    Larson, Eric
    Goldsmith, Scott
    Colt, Steve
    Keyword
    gross state product
    production
    transportation
    crude petroleum
    fishing
    mining
    timber
    infrastructure
    Metadata
    Show full item record
    URI
    http://hdl.handle.net/11122/12344
    Abstract
    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.
    Date
    1991
    Publisher
    Institute of Social and Economic Research, University of Alaska.
    Type
    Report
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