A few days ago, Donald Trump used ‘Dead Economy’ for India. Well, along with the whole world, the legendary economists of America also know that India is the fastest growth economy in the world. Currently, the fourth largest economy in the world has been formed and 3 biggest economy can be created soon. By the way, today it will be not about India but that dead economy of America. Where there was a meeting between US President Donald Trump and Russian President Vladimir Putin for about three hours.
Yes, Alaska, which is the American state, is considered to be the worst state in the world’s largest economy business in 2025. This was confirmed in a foreign media report about a month ago. In which it was said that in the year 2025, Alaska will be the worst state of America in terms of business and economy. This means that Alaska will be a ‘dead economy’. Let us also tell you what kind of report came about Alaska about a month ago.
America’s worst city
Last month, a survey of foreign media house CNBC came. In which it was said that Alaska is at the lowest position in the rankings of America’s top business states in 2025. Is present The report said on its reasons that since the first discovery in Prudho Bay in 1968, Alaskavas have had a love-hate relationship with crude oil. On the one hand, it gave Alaska the convenience of abolishing its state income tax, providing funds for most government work and giving dividend to every Alaskasis, which continues even today. On the other hand, it has left the state completely on the mercy of the global oil market. Which has proved to be a bad bet in recent years. This is the main reason that Alaska has become one of the most states in the year 2025 in terms of business.
Dead Economy of America!
According to foreign media reports, according to data from the Alaska Revenue Department, the price of Alaska North Slope crude oil has fallen into double digit compared to a year ago and according to CNBC study, Alaska is the worst economy in America. If you talk about Alaska’s GDP growth rate, then at the national level, the top 10 is at the bottom. The state’s economy increased at a rate of only 1.5 per cent last year, while at the national level, the figure was seen 2.8 per cent. The most important thing in the report is that the state’s financial year 2026 budget is based on the forecast of $ 68 per barrel of crude oil. Also, it is not clear whether this forecast will remain intact or not.
The price of crude oil in Alaska North Slope was at a low of $ 63.49 on May 5, which has reached above $ 70 in recent weeks. The state forecasts are expecting about 70 per cent of the state’s revenue in the next ten years, or about half of the state’s operational budget. Some areas are more dependent than this. North Slope Baro Mayor Josi Patkotak said in the month of June that when you see the economic engine defaulted formally, it is obtained from about 98 percent oil and gas of our operational budget.
40 billion dollars bet on natural gas
For decades, Alaska has been trying to diversify its economy. But he has got limited success. Alternative energy, agriculture and state tourism sectors are included in proposals. In 2023, Republican Governor Mike Dunlevi signed a bill to bring Alaska into the carbon market, in which the state’s vast public land will be used for carbon storage, and carbon offset credits for high carbon emitters in other states will be generated. But this program is still in the phase of study. A report submitted to the Legislature in January said that this program is not expected to generate any earnings by at least 2027.
Recently, the Trump Administration has been supporting the proposal to make a natural gas pipeline with the trans-tilasa oil pipeline, which will make the US very easy to supply natural gas in Asia. The idea has been going on for years, but its estimated cost, about $ 40 billion, was impossible for the industry to tolerate even when petroleum prices were high. However, now administrative officials believe that trade tension can change the economy of Alaska.
US Energy Secretary Chris Wright, while talking to the media in the month of June, said that there are countries around the world that want to reduce their trade deficit with the United States, and of course, a very easy way to do so is to buy more American energy. At that time Wright said that if you find commercial buyers for gas, then financing is very easy. If this project starts, it can give great relief to the economy of Alaska.
Tech infra reduction and high cost
Alaska’s struggling economy is a major cause of its poor competitive performance, but this is not the only reason. The state ranks 49th in terms of infra. Although the roads and bridges of the state are in a better position than many states in the lower 48 states, its virtual infrastructure still keeps a lot of improvement. According to broadbandnau research, less than 2 percent of Alaska has affordable broadband service available. The bounce of the data center has so far overtaken Alaska, there are only four in the entire state. Alaska is a very expensive state in terms of staying.