Alaska ranks near the bottom for economic performance in new report | Alaska
(The Center Square) – Alaska was ranked 21st in the nation for its economic outlook but is close to last in economic performance, according to a new report from the American Legislative Exchange Council (ALEC).
The “Rich States, Poor States” report ranks states based on a variety of factors including tax burden, size of government, role of labor unions, and public debt.
Alaska received high marks in areas like personal income taxes but performed poorly in all three categories the nonpartisan organization uses to determine economic performance.
Alaska’s state gross domestic product ranked 50th at -6.58%. Absolute domestic migration showed over 67,000 people left the state from 2011 to 2020. Non-farm payroll employment was at -8%, according to the report.
“We’ve done a lot of analysis, looking at the…
