JUNEAU — June 2, 2026 — A new analysis by DPHK Consulting has identified construction as Alaska’s fastest-growing industry, after its real GDP rose 10.8% from 2024 to 2025.
The business services firm reviewed the latest annual real GDP by state data from the U.S. Bureau of Economic Analysis and ranked Alaska’s major industries by their percentage change in real GDP, measured in chained 2017 dollars, between 2024 and 2025.
Construction posted the largest increase among Alaska’s major industries, growing by 10.8%. Transportation and warehousing followed, rising 5.9%, while mining, quarrying, and oil and gas extraction ranked third, expanding 5.4%.
Across the economy, Alaska’s real GDP increased by 2.8%, from $55.95 billion in 2024 to $57.49 billion in 2025.
“Construction’s 10.8% increase shows where Alaska’s 2025 growth was most concentrated, with the sector expanding nearly four times faster than the state economy overall,” said a DPHK Consulting spokesperson. “The full ranking also highlights how uneven that growth was: several industries posted solid gains, while wholesale and retail trade only edged higher by 0.1%.”
Fastest-Growing Industries in Alaska
| Rank | Industry | Real GDP, 2024 | Real GDP, 2025 | Percentage Change |
|---|---|---|---|---|
| #1 | Construction | $2.49 billion | $2.76 billion | 10.8% |
| #2 | Transportation and Warehousing | $7.53 billion | $7.97 billion | 5.9% |
| #3 | Mining, Quarrying, and Oil and Gas Extraction | $8.59 billion | $9.05 billion | 5.4% |
| #4 | Professional and Business Services | $3.93 billion | $4.12 billion | 4.7% |
| #5 | Educational Services, Health Care, and Social Assistance | $5.24 billion | $5.48 billion | 4.6% |
| #6 | Information | $1.71 billion | $1.76 billion | 2.9% |
| #7 | Manufacturing | $1.24 billion | $1.27 billion | 2.5% |
| #7 | Finance, Insurance, Real Estate, Rental, and Leasing | $7.13 billion | $7.31 billion | 2.5% |
| #9 | Wholesale Trade | $1.06 billion | $1.06 billion | 0.1% |
| #9 | Retail Trade | $2.88 billion | $2.88 billion | 0.1% |
Methodology
Industries were ranked by percentage change in real GDP between 2024 and 2025 using the U.S. Bureau of Economic Analysis table “SAGDP9 Real GDP by state.” Real GDP is measured in millions of chained 2017 dollars.
The table includes major Alaska industry groups with positive real GDP growth and reported 2024 and 2025 values. The analysis excludes aggregate/addenda lines, including “All industry total,” “Private industries,” “Natural resources and mining,” “Trade,” “Transportation and utilities,” “Manufacturing and information,” “Private goods-producing industries,” and “Private services-providing industries.” Rows marked “(NA)” for 2025 were excluded.
Source: “SAGDP9 Real GDP by state.” U.S. Bureau of Economic Analysis, April 9, 2026. Accessed June 2, 2026. BEA iTable source link.
About DPHK Consulting
DPHK Consulting is a business services firm that helps companies worldwide source trusted service providers. The firm aims to simplify vendor discovery, referral, and coordination.
