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State Guide49th StateEst. 1959
Alaska State Flag

Alaska AK

"The Last Frontier"

The largest state by a staggering margin, Alaska is a place of extremes, the highest mountains, the longest coastlines, the most remote communities, the most dramatic wilderness, and an oil-funded economy unlike anything else in America. It is, in nearly every sense, a world unto itself.

Alaska state finances at a glance

State Debt - FY2024

$5.7 billion

Total state government debt outstanding at the close of fiscal 2024, including long-term bonds and short-term borrowing across state agencies and public universities.

Tax Revenue - FY2024

$2.0 billion

Total Alaska state tax collections in fiscal 2024. Alaska levies no personal income tax or general sales tax, so this modest total is led by oil and gas production (severance) taxes and the corporate income tax, while most state money comes from petroleum royalties and Permanent Fund earnings that are not counted as taxes.

Borrowing

Alaska issues voter-approved general obligation bonds for projects such as transportation, and also uses state authorities and certificates of participation, all sold to investors in the municipal bond market. The state's large Permanent Fund and past oil revenue have kept its tax-supported debt low. The state reported about $166 million in interest on its debt in fiscal 2024.

Source: U.S. Census Bureau, 2024 Annual Survey of State Government Finances.

49th
State admitted to the Union
663K
Square miles, largest state
~733K
Population, least dense state
$70B+
Alaska Permanent Fund value

About Alaska

The name Alaska comes from the Aleut word "Alyeska," meaning "the great land" or "the mainland," used by the indigenous Unangan people to distinguish the Alaskan mainland from the surrounding islands. Russian explorers and fur traders adopted the name in the 18th century when they established a presence in the region, and it passed into English when the United States purchased the territory from Russia in 1867. Secretary of State William Seward, who negotiated the purchase, was mocked at the time with the nickname "Seward's Folly," but Alaska proved to be anything but.

Alaska is not just the largest state, it is so much larger than everything else that it exists in a category of its own. At 663,268 square miles, it is bigger than the next three largest states combined. If it were a country, it would rank as the 18th largest in the world, just behind Iran.

Yet fewer people live in Alaska than in the city of Memphis, Tennessee. Most of the state has no roads, no power lines, and no running water. Hundreds of communities are accessible only by small plane or boat. In winter, some parts of Alaska see temperatures of −60°F and darkness for months at a time. In summer, the sun doesn't set for weeks.

Alaska's story is one of extraordinary natural wealth, in fish, fur, gold, and oil, and the complicated history of who got to benefit from it. The Indigenous peoples who have lived here for thousands of years, the Russian colonizers, the American government, the oil companies, and the Alaskans who built a modern state in one of the harshest environments on Earth have all shaped it into something genuinely unlike anywhere else in America.

Northern lights aurora borealis dancing in green and purple across an Alaskan winter sky

Geography, Six Distinct Regions

Alaska's sheer size means it contains an extraordinary range of landscapes, from temperate rainforests to Arctic tundra, volcanic islands to glacier-carved fjords.

Northern lights aurora borealis dancing in green and purple across an Alaskan winter sky

Economy

Alaska's economy is built on natural resources, oil above all else, plus fishing, tourism, and an outsized federal and military presence.

Prince William Sound and the Chugach Mountains reflected in calm waters near Valdez, Alaska