How large is Florida's economy

How large is Florida's economy?

Florida’s economy is worth an estimated $908 billion in total economic output. In fact, the Sunshine State ranks 11th in the nation for total economic output. This is due to the state’s diverse economy and highly educated workforce. Tourism, trade, transportation, manufacturing, construction, and service are all major industries that contribute to the state’s economic output.

How big is Florida economy compared to the US economy?

As a whole, Florida had an economy worth $1.3 trillion in 2017, making it the 11th largest economy in the world. If you look solely at the service sector of the economy, Florida's economy has a gdp of $947 billion. The state's total economy is also heavily dependent on its tourism industry. The state had $92.2 billion in visitor spending in 2017, which is almost equivalent to the entire GDP of Guam.

How big is Florida's economy in the world?

Florida's economy is estimated at $1 trillion dollars, which is the 20th largest economy in the world. It is just slightly behind California and Texas. Of the top 10 largest U.S. economies, Florida ranks seventh in total economic output.

How big is the Florida economy?

The Florida economy is about $1 trillion dollars big. This is larger than California, Texas, and New York combined, and it’s more than enough to support Florida’s population of over 20 million people.

How big is Florida economy compared to China?

Florida’s economy is the seventh largest in the world. China’s economy is now the first at $8.23 trillion dollars, and is projected to soon surpass the United States as the world’s largest economy. Florida’s economy is about $976 billion dollars, so Florida’s economy is about equal to that of the seventh-largest economy in the world.