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South Fla Sees 3.5% GDP Growth

It's great economic news for South Florida, which is ahead of the national average when it comes to the growth in the Gross Domestic Product. 

Nationally, that number was 2.5 percent, but according to the Bureau of Economic Analysis the GDP has grown by 3.5 percent in South Florida, which includes Palm Beach, Broward and Miami-Dade. 

Two other Florida metro areas also grew by at least 3 percent.  Tampa's GDP growth was 3.1 perecent, while Orlando went up by 3 percent even. 

According to the federal bureau, the leading driver of economic output here in South Florida was trade, which was also the leader in Tamap.  In Orlando, it was leisure and hospitality.

 

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