Published On: Wed, Jul 18th, 2018

Florida exceeds $ 1 trillion of GDP

Carlo Barbieri

Florida surpasses itself and, with a totally pro-business environment, reaches the impressive $ 1 Trillion dollar amount of GDP, ie something around 5% of US GDP is in this state.
According to the Florida Chamber Foundation, with this GDP, Florida becomes larger than many nations like Switzerland, Holland, Argentina or Saudi Arabia. Today Florida is the 17th country in the world, by its GDP. It is worth remembering that the GDP of Brazil with our 220 million inhabitants is about $ 1.7 trillion.
In recent news published in the Tampa Bay Times, Florida adds about $ 2.74 billion in its daily GDP.
This growth is reflected in the collection where sales taxes reached about $ 3 billion in May this year.
In the current state administration, more than 1.5 million jobs were created and paid-out, about 25 percent of all Florida’s accumulated debt since its inception as a state.
From May 2017 to May 2018 employment in Florida increased by 2.1% while in the US as a whole the increase was 1.6%.
As a result, the unemployment rate in the State is 3.8%
For investors, it is worth knowing that by 2030 Florida will be adding an additional 6 million people in its current population of 20, 980 million, increasing, consequently, the creation of fantastic business opportunities.
In the current numbers, the new residents (coming from the other American States or Abroad) add, per hour, to the State, 879 thousand dollars.
According to the latest figures, in addition to the local population, Florida receives 116.5 million tourists a year.
Schools in Florida have achieved relevant grades in national terms, currently having 82.3% in their high school and growing.
Per capita income continues to grow, currently being $ 46,858.
About 65.5% of the population has a home of their own
The number of new residential and sales authorizations has increased significantly, reaching almost 30,000 homes sold in May 2018 and 8,000 new building permits in the same month.
In a survey of the population of the State of Florida, 52% think that Florida is going in the right direction, against 30% who think the opposite.
This is a very important feeling, as Florida is one of the US states with the highest level of popular integration in the elections, with 75% participation in a non-mandatory voting system.
This Florida GDP is another important fact to consider when the company opts to internationalize via the US.
Carlo Barbieri

About the Author

- My name is Carlo Barbieri, an entrepreneur, civic activist and a leader of many organizations associated with Brazil. A native of Brazil myself, I am currently the CEO of Oxford Group, a firm composed of many international consulting and trading companies. I am also a founding member of the Brazilian Business Group and founding member and Past President of the Brazil Club. In addition, I serve as a Board member of the Deerfield Chamber of Commerce. I have served as a member of the Florida Chamber of Commerce and the Florida Brazil Partnership. Past President of the Rotary Club – Boca Raton West for the 2014-2015 term, I have also been Vice President and Professor of 2Grow – Human Development. An Ambassador of Barry University in Brazil, I am the former President of the Black Fire Bull Steak House. I have also presided over a number of organizations such as the Brazilian Association of Trading Companies (ABECE), Brazil-China Chamber of Commerce in São Paulo, Brazil-Australia Chamber of Commerce, Brazil-Dominican Republican Chamber of Commerce; director of the Trade Center of the State of São Paulo, Brazilian Association of Freight Forwarders and Brazilian Association of Banks. I was also a local Council member for the Consulate General of Brazil in Miami, for the 2013-2017 term.

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