Economy of Florida
Miami, the economic center of Florida | |
| Statistics | |
|---|---|
| GDP | $1.705 trillion (2024) |
GDP per capita | $72,974 (2024) |
| 0.4829 ± 0.0028 (2023) | |
| Unemployment | 3.6% (Feb. 2025) |
The economy of the state of Florida is the fourth-largest in the United States, with a $1.705 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.