Florida’s gross domestic product, or overall economic output, grew 3.1 percent in 2015, beating the national growth rate of 2.4 percent — the third-fastest rate among all large states.
In a news release Thursday, Gov. Rick Scott’s office pointed out that Florida’s growth outpaced the growth rates of California and Texas.
Not surprisingly, real estate rents and leasing made up the biggest part of Florida’s contribution to GDP growth in the Southeast, according to data from the U.S. Bureau of Economic Analysis.
Florida’s 2015 real GDP was $789.8 billion, the fourth-largest in the nation.
In the last quarter of 2015, Florida’s GDP growth was ranked fifth in the nation, beating California at seventh and Texas at 29th. In the fourth quarter, Florida’s GDP grew 2.7 percent.
Credit @ Orlando Sentinel