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. Tourists have contributed to the economy by supporting local lodging.
Alaska is a natural resources state, which includes oil and gas, mining, forestry, fisheries, and tourism industries providing jobs and revenue to the overall economy as well as to state, local, and federal governments.
The State of Alaska currently has no homesteading program for its lands.
Most natural resources are limited. This means they will eventually run out. A perpetual resource has a never-ending supply. Some examples of perpetual resources include solar energy , tidal energy , and wind energy .
Though it is one of the coldest and most sparsely populated areas on the planet, Alaska ranked 15th back in 2007 among all American states in terms of GDP per capita, thanks to its rich natural resources, particularly its gigantic crude oil reserves.
State Profile: Largest Employers
|#||Employer||Number of Employees|
|1||Fort Wainwright Military Base||6,100|
|2||Uni Sea Inc||5,000|
|3||Ted Stevens Anchorage Intl||4,000|
oil and gas industry
The country’s 49th and 50th states did rank among the top 10 richest states with Alaska clocking in at number 7 and Hawaii at number 3. New Hampshire, another low-population state, also cracked the top ten list.
One of the biggest industries in Alaska is mining . Besides gold , Alaska has major supplies of coal, natural gasses, oil and zinc. Other industries are fishing (especially King Salmon) and big lumber companies. Another is jade.
The federal and state agencies in Alaska do not offer free land . The State of Alaska’s Department of Natural Resources however does have a Public Land Sale program and some other organizations in Alaska may occasionally offer land for sale to private citizens.
As far as rent goes, Alaska is ever so slightly cheaper than the U.S. as a whole. According to Apartment List’s 2019 report, the median rent for a studio and one bedroom apartment in Alaska is $17 and $21 cheaper than the national median, respectively. The state is mostly made up of homeowners, though.
The state of Alaska developed the Permanent Fund Dividend in 1976 and started paying money out to residents of Alaska in 1980. This essentially pays people to permanently live there . Investment earnings on Alaskan mineral royalties are paid out to Alaska residents. It is an annual payment.
Natural Resources by Country Bauxite . Coal . Copper . Diamonds. Gold Lead. Iron ore . Mineral sands . Natural gas .
Top 10+ Natural Resources in the World Water . While the earth may be mostly water , only about 2-1/2 percent of it is freshwater. Air. Clean air is necessary for the existence of life on this planet. Coal . Coal is estimated to be able to last less than 200 more years. Oil . Natural gas . Phosphorus. Bauxite . Copper.
Natural resources are materials from the Earth that are used to support life and meet people’s needs. Any natural substance that humans use can be considered a natural resource. Oil, coal , natural gas , metals, stone and sand are natural resources. Other natural resources are air , sunlight , soil and water .