Florida's gross domestic product (GDP) has reached more than $1 trillion, according to the chief economist of the Florida Chamber Foundation.
"Becoming a $1 trillion economy means Florida is continuing to grow and create jobs, keeping unemployment lower than the national average, and creating economic opportunity… thanks to the focus of Florida's business community and strong leadership from the governor, Cabinet, and legislature, Florida continues to move in the right direction," chief economist Dr. Jerry Parrish said.
If Florida was an independent country, it would have the 17th-largest economy in the world, higher on the list than Saudi Arabia, the Netherlands, Switzerland, and Argentina, according to the Chamber Foundation.
Florida Gov. Rick Scott praised the announcement, saying, "This is a historic moment for Florida reaching a record $1 trillion in GDP. By working every day to create private-sector jobs, we've been able to increase Florida's GDP by more than $270 billion — 37 percent —since 2010.
"When I came into office I made very clear that we would get our economy back on track. Within seven and a half years, private-sector businesses have created more than 1.5 million jobs and Florida's unemployment is at a low 3.8 percent.
"Florida's growing economy is producing real results for families across our state and we now have the 17th-largest economy in the world," Scott added.
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