Florida's 1.74T Economy Has the 2nd Fastest Growth Rate in the U.S.; Florida Sees Largest Housing Market Supply in Years

April 02, 2025

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FLORIDA BY THE NUMBERS

Florida's 1.74T Economy Has the 2nd Fastest Growth Rate in the U.S.; Florida Sees Largest Housing Market Supply in Years

Part one of a two-part April series of research Florida By The Numbers is now available. Florida Chamber Foundation Vice President of Research, Dr. Keith Richard, takes us on a journey through some of the recently released Florida 2030 Blueprint metrics impacting Florida's future as a top-10 global economy.

Some of the metrics covered in this update include:

From the Innovation & Economic Development Pillar -
- According to recently released data on Florida's gross domestic product (GDP), Florida is now a $1.74T economic engine and is the 2nd fastest growing state in the nation, just behind Texas.
From the Talent Supply & Education Pillar -
- Although annual job growth has slowed slightly, now at 1.3%, Florida's labor market remains strong and currently employs more people than the population of 40 U.S. States.
- Florida added jobs in every industry sector, with the Education and Health Services and Construction industries leading the pack.
- Florida's unemployment rate increased slightly to 3.6%. Currently, for every 100 open jobs, 96 people are looking for work.
From the Infrastructure & Growth Leadership Pillar -
- The current median listing price for a home in Florida is $435,000.
- Although up significantly from 2019, Florida's median home listing price point is starting to cool, and we now have the largest housing market supply in years.

These metrics and more are found on TheFloridaScorecard.org.

Register Today for Our Upcoming Solution Summits Focused on Securing Florida's Future

In-person and virtual registration are available.

Join us for the 2025 Florida Prosperity & Economic Opportunity Solution Summit on May 29 at the world-renowned Daytona International Speedway. Florida's business, philanthropic, and policy leaders will unite to address the ten root causes of poverty that are impacting your current and future workforce.

In-person and virtual registration are available.

The Florida Chamber Foundation is setting the stage for meaningful discussions and collaboration to create America's BEST workforce in Florida at the 2025 Florida Learners to Earners Workforce Solution Summit on June 24 at the Grand Hyatt Tampa Bay. Join your business peers, workforce and education advocates, and policymakers as we address bridging the gaps from early learning to workforce development to help ensure workforce-ready talent for your organization.