Economy of Florida
economy of the state of the United States
The economy of the state of Florida is the fourth-largest in the United States, with a $1.726 trillion gross state product (GSP) as of 2024. 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. 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.
Overview
Florida's economy ranks among the largest in the country. As of 2024, the gross state product (GSP) is about $1.647 trillion, the fourth largest economy in the United States. According to a June 3, 2025 forecast by Florida TaxWatch, Florida's economy reached nearly US$1.5 trillion in gross state product and is projected to continue growing through 2030, although at a gradually slower rate. Florida is responsible for 5.82% of the United States' approximately $28 trillion gross domestic product (GDP). As of 2024, Florida's nominal GDP is larger than all but 15 countries; if it were a sovereign nation, it would be ranked ahead of Spain and behind South Korea. In terms of Purchasing Power Parity, it is larger than all but 22 countries. 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.
The public source identifies “Economy of Florida” as economy of the state of the United States. This brief keeps that definition visible, then builds a research path around Economy, Florida and economy.
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This entry incorporates text from “Economy of Florida” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.