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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] [2] GDP per capita is an approximate indicator of average living standards, for individual prosperity. [3] Therefore, whether population decline has a positive or negative economic impact on a country's citizens depends on the rate of growth of GDP per capita, or alternatively, GDP growth relative to the rate of decline in the population. [1]
Florida is attracting lots of Americans. After accounting for households that moved out of the state, Florida gained 125,316 households from other states in the 2022 tax year.
Gross domestic product, or GDP, represents the total value of all goods and services produced within a country during one year. Depending on the report, one year can be either one fiscal year or ...
The following list includes the annual nominal gross domestic product for each of the 50 U.S. states and the national capital of Washington, D.C. and the GDP change and GDP per capita as of 2024. [1] [3] The total for the United States in this table excludes U.S. territories. The raw GDP data below is measured in millions of U.S. Dollars.
However, experts explain that in reality, the sitting president doesn’t have as much impact on the economy as people may assume. Check Out: How President-Elect Trump’s Win Could Impact Grocery ...
Florida has the eighteenth highest per capita income in the United States of America, at $21,557 (2000). Its personal per capita income is $30,446 (2003).
This is higher than the national average of 11.6%, or 37.9 million people. Florida also has a lower median household income compared to the national median. In Florida, the median household income ...