Florida is the most southern state of the United States of America. With more than 19 million in-habitants and 100 million visitors per year, Florida's economy ranks among the strongest in the world. The Sunshine State is a unique meeting point between the U.S. market and the Latin American market. The Caribbean area represents 750 millions of potential consumers. 80% of exports are oriented towards these markets.
Key Facts about Florida
GDP: 883 billion USD
Growth rate (2014-2015): 5,7%
Ranking of the state (per GDP): 4th
GDP per capita : 42,595
Median age : 41,6
Median Home Value : 47,463
Florida's growth has been thriving ever since the big recession of 2008.
When analyzing Florida's economy, one might think that this growth surge is mainly linked to the tourism industry. Florida's economy is in fact very diverse and this diversity is the key to Florida's recovery from the crisis.
For more information about Florida's industries you can click here.
Florida's job growth has been increasing in the 8 past years and is almost back to it's 2005 peak. Floridians can expect consistent job growth as the sunshine state has 9 cities that will have the highest growth in the US (according to Bloomberg).
The increasing confidence in the future of Floridians households has played an important role in Florida's economic recovery. These indicators will create a virtuous circle in the state as personal income and job growth will increase people's confidence in the future that will boost the consumption and thus the production of goods and services, growth etc...
For more precise information on business in Florida please click here