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By the Numbers
Economy
Forecasts
Government
Oil Industry

ANS Oil Price (as of 11/13/18)

Most Recent: $65.39

30-day Avg: $75.15

Fiscal-Year-to-Date Avg: $76.51

FY19 Projected Avg: $70.56

Alaska North Slope Oil Production (as of 11/12/18)

Most recent TAPS: 540,647

30-day Avg. TAPS: 517,801

Fiscal-YTD TAPS: 475,293

FY19 Projected TAPS: 510,204

FY19 Projected AOGCC: 518,971

*TAPS = Average number of barrels per day pumped into the Trans-Alaska Pipeline System

*AOGCC = Average number of barrels per day reported to the Alaska Oil and Gas Conservation Commission as being produced

Alaska Labor Force (Sept. 2018)

Current # of Workers: 335,490

Current # Seeking Work: 19,813

Current Unemployment Rate: 5.6%

Official Unemployment Rate: 6.5%

Alaska Budget – Fiscal Year 2019

UGF Spending: $4.7 billion

UGF Revenue: $3.3 billion

UGF Deficit/Surplus: -$1.4 billion

Non-UGF Spending: $6.6 billion

Non-UGF Revenue: $9.7 billion

Non-UGF Deficit/Surplus: +$3.1 billion

Net State Cash Flow: +$1.7 billion

Alaska Budget – Fiscal Year 2020

UGF Spending: $4.9 billion

UGF Revenue: $3.4 billion

UGF Deficit/Surplus: -$1.5 billion

Non-UGF Spending: $7.7 billion

Non-UGF Revenue: $11.6 billion

Non-UGF Deficit/Surplus: +$3.9 billion

Net State Cash Flow: +$2.5 billion

Alaska Chamber

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