USA Outgrows China…

Florida’s Economic Surge: How the Sunshine State is Redefining America’s Growth

In God We Trust … Florida

Vic Danh
ILLUMINATION
Published in
7 min readJun 9, 2024

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For the first time in over three decades, the economy of the United States is growing faster than China’s. This remarkable development challenges the long-held belief that China would inevitably surpass the USA as the world’s leading economy. The resurgence of the US economy is particularly noteworthy given the stagnation seen in many other advanced economies globally. But what’s even more intriguing is that this growth isn’t spread evenly across the United States. Instead, a significant portion of this economic surge can be traced back to one unexpected state: Florida.

Credits: U.S Bureau of Economic Analysis

Florida’s Meteoric Rise

Florida, often celebrated for its beaches, theme parks, and retirees, is now being recognized for something far more substantial — its economic dynamism. With a GDP comparable to that of countries like Mexico, Indonesia, and Spain, Florida has become the fourth-largest economy within the USA. But it’s not just the size of Florida’s economy that’s drawing attention; it’s the rate at which it’s growing.

Florida is outpacing other major states such as California, New York, and even Texas.

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ILLUMINATION
ILLUMINATION

Published in ILLUMINATION

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Vic Danh
Vic Danh

Written by Vic Danh

Senior Research Associate by day and MBA, economically-inclined blogger by night. A life-long learner and observer of technological, health and social trends.