Thursday, December 24, 2009

How Wealthy We Are

Update: URLs checked and updated. 8/1/11

Question: Where does Alaska rank nationally in terms of wealth?


Answer: Wealth can have a number of meanings. Two common measures used by the federal government for wealth are “Gross Domestic Product by State” and “Personal Income per Capita” by state.

According to the Statistical Abstract of the United States 2009, Alaska ranks 45th in Gross Domestic Product by state in current (2007) dollars. See table at http://www.census.gov/compendia/statab/2009/ranks/rank28.html.

In terms of Personal Income Per Capita, Alaska ranked 15th in 2007, the latest year available. Please see the table Personal Income Per Capita in Current and Constant (2000) Dollars by State at http://www.census.gov/compendia/statab/2009/tables/09s0659.pdf.

More wealth tables from the Statistical Abstract can be found at http://www.census.gov/compendia/statab/cats/income_expenditures_poverty_wealth.html.

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