Florida Chamber Foundation Announces Florida’s $1.8 Trillion Economy Is Now the World’s 14th Largest Economy
Florida Surpasses Australia and Mexico, and Continues Progress Toward Top 10 Global Economy by 2030
The Florida Chamber Foundation today announced that Florida has climbed to the 14th-largest economy in the world. The milestone means Florida has moved past Australia and Mexico in gross domestic product and marks continued progress toward the Florida 2030 Blueprint’s primary target of becoming a top 10 global economy by 2030.
Florida’s economy grew by 6.3 percent over the past year, positioning the state to continue climbing the global rankings. At its current pace, Florida’s economy needs to grow by approximately 2 percent to surpass South Korea and become the world’s 13th-largest economy. Reaching the top 10 will require approximately 21 percent additional growth, with Canada currently holding the No. 10 position.
“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,” said Mark Wilson, President & CEO of the Florida Chamber of Commerce and Florida Chamber Foundation. “Florida continues creating jobs, attracting investment, welcoming new businesses, and giving families greater opportunity to succeed.”
Florida Leads the Nation in Key Economic Categories
- 1 for New Business Start-Ups
- 1 Higher Education System
- 1 State for Manufacturing Job Growth
- 1 State for Net Income Migration
- 1 State for New Business Migrations
- 1 State for Black-owned businesses
- 2 State for Hispanic- and women-owned businesses
- 155,742 Fewer Children Living in Poverty since the launch of the Florida 2030 Blueprint
- Lowest State Debt Per Capita
- Among the top states for infrastructure investment and talent growth
“This ranking reflects the impact of Florida’s economic growth over time,” said Sheridan Morby, Senior Director of Economic Research for the Florida Chamber Foundation. “Strong labor market expansion and business investment continue to help position Florida among the world’s largest economies.”
The Florida Chamber Foundation will continue tracking Florida’s economic performance and key trends in its upcoming 2026 Florida Business & Economic Mid-Year Report next month, which provides a comprehensive look at the state’s economy halfway through the year. The report examines population and demographic shifts, economic growth, inflation, manufacturing, talent and workforce development, and housing affordability to help leaders navigate today’s challenges and opportunities while preparing for Florida’s future prosperity.
To learn more about the 2026 Florida Business & Economic Mid-Year Report and the Florida Chamber Foundation’s research, visit flchamber.com.
Leaders are also invited to attend the Future of Florida Forum (F3) & Florida Chamber Annual Meeting in Orlando on October 27-28, where key discussions and collaboration on Florida’s long-term growth and competitiveness will take place. Register here.