Why Florida Continues to Lead the Nation in Economic Strength

TALLAHASSEE, Fla. – Florida has once again clinched the top spot in CNBC’s annual economic rankings for 2025, marking the third consecutive year the Sunshine State has led the nation. The state’s continued growth in jobs, strong state finances, and thriving entrepreneurial environment have all contributed to this remarkable achievement.

Quick Answer

Florida ranked #1 in CNBC’s 2025 economic rankings thanks to solid job growth, strong state finances, and leading business formation. Its $1.34 trillion GDP, AAA credit rating, and low state debt make it well-positioned to weather economic downturns.

What Makes Florida #1 in the Nation?

According to CNBC, Florida's economic performance continues to shine due to several key factors:

• Consistently High Job and Economic Growth: Job growth sits at a healthy 1.4%.

• Strong Fiscal Health: Florida boasts a AAA credit rating from Moody’s.

• Top Performer in New Business Formation: Florida continues to outpace other states in launching new businesses.

• Resilience Against Recession: Florida's relatively low dependence on international trade with China protects it from tariff risks.

GDP and Trade: A Trillion-Dollar Powerhouse

Florida’s Gross Domestic Product (GDP) in 2024 reached an impressive $1.34 trillion. The state conducted $185 billion in international goods trade, which accounts for 13.8% of GDP. While international trade is a major strength, CNBC notes that its limited exposure to China offers an additional layer of economic protection.

Federal Funding: Watching Washington Closely

Although Florida’s economy is strong, it remains partially reliant on federal funds:

• 34% of the state budget comes from the federal government.

• Two-thirds of the state’s $34 billion Medicaid budget is federally funded.

This means that national policy changes could have noticeable effects on Florida's financial stability.

How Florida Compares to Other States

CNBC ranked the top five states for economic strength as follows:

1. Florida

2. Texas

3. North Carolina

4. Delaware

5. New York

Florida's performance places it ahead of major economic rivals, including Texas and New York.

Governor DeSantis Responds

Governor Ron DeSantis celebrated the news, emphasizing the state's fiscal discipline and economic strategy:

“Florida is #1 … again,” DeSantis said Monday morning. “We have the lowest amount of state workers per capita, the lowest debt per capita, no income tax, and the second-lowest spending per capita."

He also touted:

• The top-ranked public higher education system

• The lowest in-state tuition

• Universal school choice

• Leadership in new business formations

Why It Matters for Florida Residents and Investors

For residents, this ranking confirms that Florida continues to be a magnet for opportunity, job growth, and entrepreneurship. For investors, it strengthens Florida’s position as a smart bet for both real estate and business ventures.

Whether you're a homebuyer, seller, or investor looking in areas like Victoria Park in Fort Lauderdale, a strong state economy boosts confidence in long-term value and stability.