The latest available data on county-level gross domestic product (GDP[1] shows the robustness of Southeast Florida’s economy, expanding at a faster pace in 2023 than the national rate and compared to the pace in 2019 (pre-pandemic year).
GDP rose at the strongest pace in Martin County at 5.7% followed by Palm Beach County at 4.8% and Broward County at 4.1%. In Miami-Dade County, GDP rose 3.5% in 2023. St. Lucie County had the slowest pace at 3.3%. Nationally, GDP rose 2.9%.
Nationally and across the Southeast Florida counties, the pace of growth in 2023 outpaced the pre-pandemic rate of growth in 2019, with the largest uptick in Martin County (5.7% in 2023 vs. 0.9% in 2019) and Miami-Dade County (3.5% in 2023 vs. 0.9% in 2019)…