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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 .
Florida’s economic future is under threat from a severe affordable housing crisis. The state’s rapid growth is phenomenal, but we cannot become a victim of our own success.
Tremendous economic growth is rolling like a tide toward Florida. By 2030, our state is expected to grow to a top 10 global economy. For this to happen, we will need 1.62 million people to work ...
Climate change has led to the United States warming by 2.6 °F (1.4 °C) since 1970. [3] The climate of the United States is shifting in ways that are widespread and varied between regions. [4] [5] From 2010 to 2019, the United States experienced its hottest decade on record. [6] Extreme weather events, invasive species, floods and droughts are ...
The Fed has maintained its benchmark overnight interest rate in the current 5.25%-5.50% range for the past year. It has hiked its policy rate by 525 basis points since 2022.
The Institute serves as a single point of contact between commerce and government with economic information resources. Each year the Institute releases multiple economic reports, with the reports falling into two overall categories. One forecast focuses on the United States and the other focuses on the Florida and its metropolitan areas. [5]
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The economic history of the United States began with British settlements along the Eastern seaboard in the 17th and 18th centuries. After 1700, the United States gained population rapidly, and imports as well as exports grew along with it. Africa, Asia, and most frequently Europe, contributed to the trade of the colonies. [91]