Economy of Florida

Economy of Florida
Miami, the economic center of Florida
Statistics
GDP$1.7 trillion (2024)[1]
GDP per capita
$73,784 (2024)[1][2]
0.4829 ± 0.0028 (2023)[3]
Unemployment3.3% (Sept. 2024)[4]
Counties in Florida by GDP in 2021 (chained 2012 US$)

The economy of the state of Florida is the fourth-largest in the United States, with a $1.695 trillion gross state product (GSP) as of 2024.[1] If Florida were a sovereign nation (2024), it would rank as the world's 15th-largest economy by nominal GDP according to the International Monetary Fund, ahead of Spain and behind South Korea.[1][5][6] Agriculture, tourism, industry, construction, international banking, biomedical and life sciences, healthcare research, simulation training, aerospace and defense, and commercial space travel contribute to the state's economy.

  1. ^ a b c d "GDP by State". GDP by State | U.S. Bureau of Economic Analysis (BEA). Bureau of Economic Analysis. Retrieved March 26, 2021.https://www.bea.gov/sites/default/files/2022-12/lagdp1222.pdf Bureau of Economic Analysis – Full release and tables – Gross Domestic Product by State, 3rd Quarter 2022. Retrieved July 4, 2021.
  2. ^ "QuickFacts Florida". Census.gov. United States Census Bureau. Archived from the original on December 22, 2020. Retrieved December 22, 2020.
  3. ^ "B19083|Gini Index of Income Inequality". United States Census Bureau. Retrieved October 5, 2024.
  4. ^ "Local Area Unemployment Statistics: Unemployment Rates for States - Unemployment Rates for States, Seasonally Adjusted". United States Bureau of Labor Statistics. Retrieved October 24, 2024.
  5. ^ "World Economic Outlook Database, October 2021". IMF.org. International Monetary Fund. October 2021. Retrieved January 10, 2022.
  6. ^ "GDP (Current US$)". The World Bank. Retrieved July 28, 2021.