Bigger than Saudi Arabia: Florida economy headed for $1 trillion mark

Port Evergaldes claims to create 201,000 jobs, a sum one economist calls "excessively large." Photo courtesy Port Everglades.

Photo courtesy Port Everglades.

Florida’s economy is set to cross the $1 trillion mark in 2018, University of Central Florida economist Sean Snaith predicts.

He sees Florida’s “nominal gross state product” hitting $980 billion in 2017, $1.03 trillion in 2018 and $1.07 trillion in 2019.

Snaith notes that Florida’s economy was bigger than that of many nations in 2014, including The Netherlands, Indonesia, Turkey and Saudi Arabia.

 

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