FL's $1.8 Trillion Economy Now Ranks 14th Largest In The World

With a $1.8 trillion economy, Florida is now the 14th largest in the world, surpassing Australia and Mexico, according to the Florida Chamber Foundation.

The business-backed organization said Florida's economy grew 6.3 percent over the past year, moving the state closer to its goal of becoming one of the world's 10 largest economies by 2030.

At its current pace, Florida needs about 2 percent more economic growth to overtake South Korea for the No. 13 spot, the foundation said. Reaching the top 10 would require roughly 21 percent additional growth, with Canada currently holding the 10th-largest economy.

"Florida's rise to the world's 14th largest economy is part of our Florida 2030 Blueprint plan and further proof that free enterprise works," Florida Chamber of Commerce President and CEO Mark Wilson said. "Florida continues creating jobs, attracting investment, welcoming new businesses, and giving families greater opportunity to succeed."

The foundation also highlighted several economic indicators, including Florida ranking first nationally in new business startups, manufacturing job growth, higher education and net income migration. It also cited the state's low debt per capita and growth in Black-, Hispanic- and women-owned businesses.

"This ranking reflects the impact of Florida's economic growth over time," Sheridan Morby, the foundation’s senior director of economic research, said. "Strong labor market expansion and business investment continue to help position Florida among the world's largest economies.”

The Florida Chamber Foundation plans to release its 2026 Florida Business & Economic Mid-Year Report next month, which will examine trends in employment, inflation, housing affordability, population growth and workforce development.