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Trillion Dollar Economy 

1 Trillion Dollars.mp3Rich Lewis Jr
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$1 Trillion

Florida has the 12th strongest economy in the U.S. and the 17th largest economy in the world. The Shopping Cart Analysis predicted 4% GDP in 2017, 3.5% in 2018, 3.2% in 2019. Created by Rich Lewis Jr, Florida's Real Estate Trend Spotter, the Shopping Cart Analysis is a must-have Florida home buyer. Florida's economy just topped $1 trillion dollars, meaning if Florida was its own nation, it would have the 17th largest economy in the world. That's bigger than Switzerland, Saudi Arabia, Argentina, and the Netherlands

Dollars

3.7% GDP

The Florida Chamber Foundation in a release said the state is adding $2.74 billion to the state's gross domestic product each day. Business Insider reports that Florida's Q4 2017 GDP growth rate of 3.7% was the third-highest among the states and DC, and it's non-farm payroll job growth rate of 2.1% between April 2017 and April 2018 was the ninth highest.

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Buying Trend

The state beverage is orange juice. The biggest drivers of Florida's GDP are tourism agriculture, international trade, aerospace and aviation, life sciences and financial services.

 

There is no state income tax or estate tax in Florida. This business model puts more money in the pockets of consumers which leads to greater spending. Governor Ron DeSantis is signing legislation to help Florida grow and prosper.

 

https://www.stateofflorida.com/taxes.aspx

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