The Sunshine State tops CNBC’s Economy rankings for a third consecutive year in 2025. Economic growth and job growth remain solidly in the top ten, state finances are strong, and the state is a leader in new business formations.
Florida is a major player in international trade, but it comprises a relatively small percentage of the state’s overall economy. And only a small percentage of that international trade is with China, leaving the state in a better position than many when it comes to tariffs.
Florida depends on the federal government for about 34% of its budget — and roughly two-thirds of its $34 billion Medicaid budget. That has Floridians keeping a wary eye on Washington.
2025 Economy Score: 363 out of 445 Points (Top States Grade: A+)
GDP (2024): $1.34 trillion (+3.6)
Job Growth (2024): 1.4%
Debt Rating and Outlook (Moody’s): AAA Stable
Share of state spending from federal funds: 34%
International Goods Trade (2024): $185 billion (13.8% of GDP)
Major Corporate Headquarters: CSX, Carnival, Lennar
If you want to find out how your state ranks, here’s the link to America’s 10 strongest economies.
