Florida now ranks as the world’s 15th largest economy, surpassing Spain and placing just behind Australia, according to new data released by the Florida Chamber Foundation.
The organization announced this week that the state’s gross domestic product exceeds $1.7 trillion, marking a key milestone in its long-term plan to position Florida among the world’s top 10 economies by 2030.
The update was shared during the Future of Florida Forum and Florida Chamber Annual Meeting in Orlando, where the Foundation previewed findings from its upcoming Florida 2030 Blueprint Halftime Report. The report tracks progress toward economic, workforce, and poverty reduction goals established under the Florida 2030 Blueprint initiative.
“When we launched the Florida 2030 Blueprint, Florida ranked 18th in the world,” said Mark Wilson, president and CEO of the Florida Chamber of Commerce and Foundation. “Today, we are 15th and gaining ground on Australia. This is the direct result of years of laser focus on free enterprise, principled leadership, smart policy decisions, and business and community leaders working together to secure Florida’s future. Florida’s rise is not just a state story. It is a global story.”
According to the Foundation, Florida’s economy has expanded through high-wage job growth, workforce participation, and business migration. The state’s workforce now exceeds 10 million people, larger than the population of 40 U.S. states. Since the Blueprint’s launch, 155,742 fewer children are living in poverty through the Florida Prosperity Initiative.
The Chamber’s data show Florida leading the nation in several key categories: new business start-ups, manufacturing job growth, net income and business migration, and the number of Black-owned businesses.
Florida also ranks first in higher education performance, maintains the lowest state debt per capita, and remains among the top states for infrastructure investment and talent development.
“Florida’s economic success is the result of businesses, government, and communities working toward a shared vision,” said Sheridan Morby, senior research economist at the Foundation. “It is the result of businesses, government, and communities working toward a shared vision. The data show clear progress toward making Florida a top 10 global economy by 2030.”
