Florida's Economy Breaking Records

Posted by Amanda Hicks

Updated on July 18th, 2018

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Published in Local News

Last week, Florida's gross domestic product hit $1 trillion, meaning it would have the world's 17th largest economy if it were an independent country. The state GDP has grown at the rate of $2.7 billion per day according to the Florida Chamber, surpassing the economies of Saudi Arabia, Switzerland and Argentina.

Florida's low unemployment rate, steady population growth and tourism are key to the state's success. Florida also has a job growth rate that is faster than the U.S. average and its goods and services are other contributing economic factors.

Florida continues to break growth records welcoming hundreds of thousands of visitors and new residents every year. The economy continues to improve, become more diversified and surpass top markets around the world.