Investor Presentaiton
Alaska's Gross State Product* was about $48 billion in 2008.
A quick indicator of how "big" or significant a dollar value is for the Alaska
economy is to compare it with the size of total Gross State Product. Dollar
values in the billions or hundreds of millions are “big." Dollar values in the tens
of millions or millions are much less significant relative to the total economy.
The Scale of Alaska's Economy in Dollars: Some Relative Magnitudes
Alaska Gross State Product (GSP)
2008
$47.9 billion
Market Value of Alaska Permanent Fund
1/1/10
$35.2 billion
Total Alaska employee compensation
2007
$20.2 billion
Value of Alaska oil production
FY09
$15.8 billion
Total federal spending in Alaska
FY08
$9.4 billion
A million is NOT the same as a billion!!! A billion is 1000 million!
1,000,000 = 1 million
1,000,000,000 = 1 billion
*Gross State Product (GSP) is the total value of goods and services produced in Alaska,
minus the cost of inputs purchased from outside Alaska.
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