Alaska’s major industries include oil and gas, tourism and fishing. The largest industry is oil and gas, which provides more than 84 percent of the state’s annual budget as of 2014. Commercial fishing in Alaska results in 6 billion pounds of harvested seafood each year.
The oil and gas industry is responsible for one-third of all jobs in Alaska. As of 2014, the industry has produced a total of 13 billion cubic feet of natural gas and 17 billion barrels of oil. In 1976, the Alaska Permanent Fund was set up with part of the industry’s oil revenues. Money from the fund is distributed annually to qualified Alaskans as a dividend. In 2014, recipients received more than $1,800 from the fund, which is valued at $51 billion for the year
Nearly two million people visit Alaska annually, and in 2013, Alaska generated $2.42 billion from its travel industry.
Alaska’s fishing industry includes some of the world’s largest crab, whitefish and salmon fisheries. Harvests include five crab species, five salmon species, four species of shrimp, Pacific halibut and cod. According to the Alaska Department of Fish and Game, the economic impact of fishing in Alaska was $4.6 billion in 2009.