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Florida GDP outpaces all other large states

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Staff Writer | May 26, 2017
Florida’s Gross Domestic Product (GDP) grew 3.0 percent in 2016, faster than the national rate of 1.5 percent and outpacing all other large states.
States   Florida added 36,600 new jobs
Governor Scott also announced today that Florida added jobs at a faster rate than the 10 largest states in the nation in the last year.

Florida had the third-fastest annual private-sector job growth rate out of all the states in the nation, behind Nevada and Utah.

For 61 consecutive months, Florida’s private-sector job growth rate of 2.9 percent has outpaced the nation’s.

Since December 2010, Florida businesses have created 1,355,700 private-sector jobs. In the last year, Florida added 36,600 new jobs in the trade, transportation, and utilities industry, the most of any state.

The state had the second-highest over-the-year job gains among all states in the construction, manufacturing, financial activities and professional and business services industries.

Florida’s 2016 real GDP was $815.1 billion, the fourth-largest in the nation. In the fourth quarter of 2016, Florida’s GDP grew 0.8 percent (3.1 percent annualized).