Florida rises to the 14th largest economy in the world

The Florida Chamber Foundation is highlighting that the Sunshine State has now evolved into the world’s 14th-largest economy.

Officials with the Chamber pointed out Tuesday that Florida’s economy has grown to $1.8 trillion. That surpasses Australia and Mexico among other large nations. Chamber officials say they expect the state to be listed in the top 10 global economies in five years.

“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 and 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.”

The Florida economy increased by about 6.3% in the past year alone, Chamber officials said. At that pace, the state’s economy would need to grow by about 2% to become the 13th-largest economy on the planet, surpassing South Korea.

To crack the top 10 economies, Florida will need to increase economic growth by 21%. If that happens, Florida would surpass Canada’s economy, which is currently in the 10th slot.

“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 to track Florida’s economic performance and key trends in its upcoming 2026 Florida Business & Economic Mid-Year Report, which provides a comprehensive look at the state’s economy halfway through the year.

Meanwhile, Florida’s economic sectors are tops in America in several areas, including new business startups, higher education system, manufacturing job growth, net income migration, new business migrations and Black-owned businesses. Florida ranks second in the nation for Hispanic- and women-owned businesses.

The state also has the lowest state debt per capita. Florida is also among the top states for infrastructure investment and talent growth, according to Chamber officials.