What is the gross domestic product (GDP) in Yakutat City and Borough, AK?
Refreshed annually
About $34.2 million in 2024. Gross domestic product (GDP) measures the value of goods and services a country, state, or county produces — it's the sum of consumer spending, business investment, government spending, and net exports. It is often used to quantify the size of an economy. The $34.2 million is the "real GDP," which is adjusted to account for inflation to make it easier to compare the size of an economy over time.
$34.2M
Real GDP (2024)
-3.5%
Change in real GDP (2023 to 2024)
Changes in spending and investment cause the GDP to fluctuate.
As of 2024, real GDP was $34.2 million in Yakutat City and Borough. This was 3.5% higher than in 2023.
Real GDP decreased from 2023 to reach $34.2 million in 2024.
Real GDP in Yakutat City and Borough, AK, adjusted for inflation (chained 2017 dollars)
Which industry contributes the most to Yakutat City and Borough's GDP?
The GDP can also be broken down and compared across industries — useful, as different industries experience different economic pressures.
The government and government enterprises industry contributed the most to the GDP of Yakutat City and Borough in 2024, generating a value of $10.5 million. It was followed by arts, recreation, accommodation, and food ($4.86 million) and real estate and rental and leasing ($3.04 million).
The utilities industry grew the most, with a 2024 GDP that was 1.7 times the 2014 GDP.
In 2024, the government and government enterprises industry contributed the most to GDP in Yakutat City and Borough, AK.
Real gross domestic product by industry in Yakutat City and Borough, AK, chained 2017 dollars
What is Yakutat City and Borough's GDP per person?
Another way to understand a population's standard of living is by taking the GDP and dividing it by the total number of people in the population. This figure offers insight into the average economic output per individual. When the GDP per person goes up, it suggests that individuals are becoming wealthier and/or resources are being used more efficiently. This helps economists understand whether economic growth is outpacing population growth.
In 2024, GDP per person was $50,162, down 3.1% from 2023.
In 2024, real GDP was equivalent to $50,200 per person.
Real gross domestic product per person in Yakutat City and Borough, AK, chained 2017 dollars
GDP and the economic experience vary by location due to factors like cost of living, population density, workforce education, and the leading industries in the area.
In 2024, Yakutat City and Borough's real (that is, inflation-adjusted) GDP per person was 22nd highest out of Alaska's 30 boroughs or districts. Boroughs or districts with a similar standard of living include Petersburg Borough (21st) and Nome Census Area (23rd).
In 2024, Yakutat City and Borough, AK was ranked 22 in Alaska for GDP per person.
Real gross domestic product per person in Alaska by county
Keep exploring
Methodology
USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.
Page sources
USAFacts endeavors to share the most up-to-date information available. We sourced the data on this page directly from government agencies; however, the intervals at which agencies publish updated data vary.
