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Florida GDP by year, compared with countries

Florida's GDP of $1.81 trillion in 2025 sits within $0.06 trillion of South Korea, Mexico and Australia, in nominal dollars.

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What the data shows

  • Florida: $0.40T in 1997, $1.81T in 2025 (4.5× higher).
  • Australia: $0.44T in 1997, $1.80T in 2025 (4.1× higher). Its low point was $0.38T in 2001.
  • Mexico: $0.52T in 1997, $1.83T in 2025 (3.5× higher). It peaked at $1.83T in 2024.
  • South Korea: $0.59T in 1997, $1.87T in 2025 (3.2× higher). It peaked at $1.94T in 2021.

About this chart

Four economies are packed into a narrow band in 2025: South Korea at $1.87 trillion, Mexico at $1.83 trillion, Florida at $1.81 trillion and Australia at $1.80 trillion. Florida has just edged past Australia, a lead of only $0.01 trillion after trailing it every year from 2007 to 2024. Florida's economy has grown from $0.40 trillion in 1997, more than four times larger, and added about $0.10 trillion in 2025 alone.

The chart compares BEA state GDP with World Bank country GDP in current US dollars. Neither is adjusted for inflation, and the countries' dollar values move with exchange rates as well as output. Australia, for instance, fell from $1.58 trillion in 2013 to $1.21 trillion in 2016, while Florida's economy grew steadily in those years.

The data

Source: U.S. Bureau of Economic Analysis GDP by state (SAGDP2) for the state; World Bank (NY.GDP.MKTP.CD) for countries; current US$. Retrieved November 4, 2026.

Florida's economy vs countries, GDP, current US$ trillions, 1997–2025
DateFlorida🇦🇺 Australia🇲🇽 Mexico🇰🇷 South Korea
1997$0.40T$0.44T$0.52T$0.59T
1998$0.43T$0.40T$0.56T$0.40T
1999$0.46T$0.39T$0.63T$0.52T
2000$0.49T$0.42T$0.74T$0.60T
2001$0.52T$0.38T$0.80T$0.57T
2002$0.55T$0.40T$0.81T$0.65T
2003$0.59T$0.47T$0.77T$0.73T
2004$0.65T$0.62T$0.82T$0.82T
2005$0.70T$0.70T$0.92T$0.97T
2006$0.75T$0.75T$1.02T$1.10T
2007$0.78T$0.86T$1.10T$1.22T
2008$0.77T$1.06T$1.16T$1.09T
2009$0.74T$0.93T$0.94T$0.98T
2010$0.75T$1.15T$1.11T$1.19T
2011$0.76T$1.40T$1.23T$1.31T
2012$0.78T$1.55T$1.26T$1.34T
2013$0.82T$1.58T$1.33T$1.43T
2014$0.86T$1.47T$1.36T$1.56T
2015$0.92T$1.36T$1.21T$1.54T
2016$0.96T$1.21T$1.11T$1.58T
2017$1.01T$1.33T$1.19T$1.71T
2018$1.07T$1.43T$1.26T$1.82T
2019$1.13T$1.40T$1.30T$1.75T
2020$1.14T$1.33T$1.12T$1.74T
2021$1.30T$1.56T$1.32T$1.94T
2022$1.47T$1.70T$1.47T$1.80T
2023$1.61T$1.73T$1.79T$1.84T
2024$1.71T$1.76T$1.83T$1.88T
2025$1.81T$1.80T$1.83T$1.87T

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Frequently asked questions

How big is Florida's economy?

Florida's GDP was about $1.81 trillion in 2025, according to the Bureau of Economic Analysis. In current dollars that is just above Australia ($1.80 trillion) and just below Mexico ($1.83 trillion) and South Korea ($1.87 trillion).

Is Florida's GDP bigger than Australia's?

Barely, in 2025. Florida's $1.81 trillion is $0.01 trillion above Australia's $1.80 trillion, after trailing it every year from 2007 to 2024.

Are these GDP figures adjusted for inflation?

No. They are nominal, current-dollar figures from the BEA and World Bank, so they compare size in dollars, not purchasing power.

Where does this data come from?

U.S. Bureau of Economic Analysis GDP by state (SAGDP2) for the state; World Bank (NY.GDP.MKTP.CD) for countries; current US$. Retrieved November 4, 2026. You can download the full table as a CSV from this page.

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Related data

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US statesReal data

Population of Florida

Florida added 10.4 million people from 1990 to 2025, reaching 23.46 million and rising from 4th to 3rd place among the states.

CitiesReal data

Largest cities in Florida

Jacksonville is Florida's largest city at 1,017,689 people in 2025, double Miami's 489,812; Port St. Lucie has grown about 62% since 2010.

WorldReal data

South Korea's birth rate

South Korea's fertility rate collapsed from 5.99 births per woman in 1960 to 0.75 in 2024, the lowest of the four countries charted, below Japan's 1.15.