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Producto Interno Bruto de Florida Gross State Product is the broadest measure of economic output at the state level. Florida's GSP accounted for 5% of U.S. Gross Domestic Product in 2001, and has grown by 82% over the past ten years, compared to 72% for the U.S. economy as a whole.
Florida GSP and U.S. GDP |
|
Florida GSP |
Real GSP |
U.S. GDP |
Real GDP |
Year |
($ Millions) |
Growth from Previous Year |
($ Millions) |
Growth from Previous Year |
2001 |
$491,488 |
1.8% |
$10,137,190 |
0.4% |
2000 |
$471,623 |
4.4% |
$9,891,187 |
4.7% |
1999 |
$442,613 |
4.8% |
$9,251,541 |
4.5% |
1998 |
$415,564 |
4.9% |
$8,750,174 |
5.1% |
1997 |
$389,473 |
4.3% |
$8,224,960 |
4.9% |
1996 |
$366,318 |
4.5% |
$7,715,901 |
3.8% |
1995 |
$344,771 |
3.4% |
$7,309,516 |
3.2% |
1994 |
$325,556 |
4.1% |
$6,930,791 |
4.1% |
1993 |
$305,036 |
3.7% |
$6,513,026 |
2.1% |
1992 |
$285,518 |
2.7% |
$6,209,096 |
2.4% |
1991 |
$269,845 |
0.7% |
$5,895,430 |
-0.2% |
*Growth is based on Real GSP (i.e., adjusted for inflation), and not the nominal figures shown. |
|
Florida's Gross State Product by Industry Group, 2001 |
Industry |
$ Millions |
Share of GSP |
Total Gross State Product |
$491,488 |
100% |
Private Industries |
$431,701 |
87.8% |
Services |
$125,903 |
25.6% |
Finance, Insurance & Real Estate |
$108,534 |
22.1% |
Retail Trade |
$56,063 |
11.4% |
Transportation & Public Utilities |
$39,353 |
8.0% |
Wholesale Trade |
$37,353 |
7.6% |
Manufacturing |
$29,038 |
5.9% |
Construction |
$26,974 |
5.5% |
Agriculture, Forestry & Fishing |
$7,753 |
1.6% |
Mining |
$730 |
0.1% |
Government |
$59,787 |
12.2% |
|
Personal Income
Florida and U.S. Personal Income |
Year |
Florida |
Growth from Previous Year |
United States |
Growth from Previous Year |
2002 |
$494,648,463 |
4.0% |
$8,922,320,185 |
2.8% |
2001 |
$475,606,702 |
4.5% |
$8,677,490,000 |
3.3% |
2000 |
$455,313,267 |
7.1% |
$8,398,871,000 |
8.0% |
1999 |
$425,156,546 |
4.9% |
$7,779,521,000 |
4.9% |
1998 |
$405,146,187 |
7.3% |
$7,418,497,000 |
7.1% |
1997 |
$377,673,158 |
6.3% |
$6,928,545,000 |
6.0% |
Florida and U.S. Per Capita Personal Income |
Year |
Florida |
Growth from Previous Year |
United States |
Growth from Previous Year |
2002 |
$29,596 |
1.9% |
$30,941 |
1.7% |
2001 |
$29,048 |
2.4% |
$30,413 |
2.2% |
2000 |
$28,366 |
5.1% |
$29,760 |
6.7% |
1999 |
$26,978 |
3.1% |
$27,880 |
3.7% |
1998 |
$26,161 |
5.2% |
$26,893 |
5.8% |
1997 |
$24,869 |
4.0% |
$25,412 |
4.7% |
Florida and U.S. Disposable Personal Income |
Year |
Florida |
Growth from Previous Year |
United States |
Growth from Previous Year |
2002 |
$438,624,622 |
6.7% |
$7,809,747,185 |
5.7% |
2001 |
$411,117,141 |
4.7% |
$7,386,598,000 |
3.8% |
2000 |
$392,530,433 |
6.5% |
$7,113,634,000 |
7.4% |
1999 |
$368,620,588 |
4.7% |
$6,621,490,000 |
4.3% |
1998 |
$351,912,229 |
6.7% |
$6,349,151,000 |
6.5% |
1997 |
$329,681,500 |
5.4% |
$5,960,749,000 |
5.1% |
Florida and U.S. Per Capita Disposable Personal Income |
Year |
Florida |
Growth from Previous Year |
United States |
Growth from Previous Year |
2002 |
$26,244 |
4.5% |
$27,083 |
4.6% |
2001 |
$25,109 |
2.7% |
$25,889 |
2.7% |
2000 |
$24,455 |
4.6% |
$25,206 |
6.2% |
1999 |
$23,390 |
2.9% |
$23,730 |
3.1% |
1998 |
$22,724 |
4.7% |
$23,016 |
5.3% |
1997 |
$21,709 |
3.1% |
$21,863 |
3.9% |
| Source: U.S. Department of Commerce, BEA |
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