Alaska

Alaska is the 49th state of the United States. It was admitted on January 3, 1959. The population of the state is 626,932, as of 2000, according to the census. The name "Alaska" is most likely derived from the Aleut word Alyeska, meaning great country, mainland or great land. It is bordered by Yukon Territory and British Columbia, Canada to the east, the Gulf of Alaska and the Pacific Ocean to the south, the Bering Sea, Bering Strait, and Chukchi Sea to the west, and the Beaufort Sea and the Arctic Ocean to the north. Alaska is the largest state by area in the United States. It is larger in area than all but 18 of the world's nations.

Economy

The state's 2003 total gross state product was $31 billion. Its per-capita income for 2003 was $33,213, 14th in the nation. Alaska's main export is seafood. Agriculture represents only a fraction of the Alaska economy. Agricultural production is primarily for consumption within the state and includes nursery stock, dairy products, vegetables, and livestock. Manufacturing is limited, with most foodstuffs and general goods imported from elsewhere. Employment is primarily in government and industries such as natural resource extraction, shipping, and transportation. Military bases are a significant component of the economy in both Fairbanks and Anchorage. Its industrial outputs are crude petroleum, natural gas, coal, gold, precious metals, zinc and other mining, seafood processing, timber and wood products. There is also a growing service and tourism sector.

Related Topics:
Natural resource - Tourism

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The cost of goods in Alaska has long been higher than in the contiguous 48 states. This has changed for the most part in Anchorage and Fairbanks, where the cost of living is actually less than some major cities in the Lower 48, thanks to lower housing and transportation costs. The introduction of big-box stores in Anchorage, Fairbanks, and Juneau also did much to lower prices. However, rural Alaska suffers from extremely high prices for food and consumer goods, compared to the rest of the country due to the relatively limited transportation infrastructure. Many rural residents come in to these cities and purchase food and goods in bulk from warehouse clubs like Costco and Sam's Club. Some have embraced the free shipping offers of some online retailers to purchase items much more cheaply than they could in their own communities, if they are available at all.

Related Topics:
Anchorage - Fairbanks - Costco - Sam's Club

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