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The economy of the state of Florida is the fourth-largest in the United States, with a $1.647 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 .
It became a territory of the United States in 1821. Two decades later, on March 3, 1845, Florida was admitted to the Union as the 27th U.S. state. Florida is nicknamed the "Sunshine State" due to its warm climate and days of sunshine.
As of 2015, 44 percent of children in the United States live with low-income families. [270] In 2016, 12.7% of the U.S. population lived in poverty, down from 13.5% in 2015. The poverty rate rose from 12.5% in 2007 before the Great Recession to a 15.1% peak in 2010, before falling back to just above the 2007 level.
The Bureau of Economic Analysis's advance estimate of second quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 2.8% during the period, well above the 2% ...
In Miami, the bottom 20% of workers earn an average of $10,093 a year, according to the report. The top 20% of workers earn over 20 times that, almost $264,000 a year on average. The top 5% of ...
Such fluctuations may change a country's ranking from one year to the next, even though they often make little or no difference in the standard of living of its population. [2] Overall, in the calendar year 2024, the United States' Nominal GDP at Current Prices totaled at $28.269 trillion, as compared to $25.744 trillion in 2022.
The economy of the state of Florida is the fourth-largest in the United States, with a $1.647 trillion gross state product (GSP) as of 2024. [241] If Florida were a sovereign nation (2024), it would rank as the world's 15th-largest economy according to the International Monetary Fund , ahead of Spain and behind South Korea .
t. e. Florida has the eighteenth highest per capita income in the United States of America, at $21,557 (2000). Its personal per capita income is $30,446 (2003).