Ron DeSantis turned Florida into a national model for excellence.
Now the Sunshine State set one record that left Democrats’ heads spinning.
And Ron DeSantis put Joe Biden on notice with this devastating fact about Florida.
Florida’s GDP growth is double the national average under Ron DeSantis
Florida Governor Ron DeSantis is presiding over one of the hottest economies in the country since he took office.
The Sunshine State’s real Gross Domestic Product (GDP) grew by 21.9% from the first quarter of 2019, when DeSantis took office, to the first quarter of 2024.
The national GDP grew by 11.1% during the same period.
Florida’s economy grew at double the national rate during DeSantis’ time as Governor.
DeSantis’ decision to keep Florida open during the pandemic kept the state’s torrid economic growth going.
“With yet another major economic milestone like this, Florida demonstrates to the nation that leadership matters,” DeSantis said. “Our responsible governance and fiscal constraint mean our state economy has significantly outperformed the national economy, with nearly double the GDP growth rate.”
Florida has the fourth largest state GDP in the country behind California, New York, and Texas.
But the state lacks the natural resources of Texas or the corporate presence of California and New York.
Florida’s $1.3 trillion GDP is bigger than the Netherlands or Switzerland.
Florida is creating jobs and businesses
Florida Secretary of Commerce J. Alex Kelly praised the leadership of DeSantis in boosting the state’s economy.
“Under Governor DeSantis’ strategic investments in workforce education, infrastructure, and financial readiness, Florida continues to outperform the nation across all metrics, including real GDP and private sector job growth,” Kelly said.
Florida’s private sector job growth rate has consistently beat the national average.
“With the nation’s number one economy, Florida is the most business-friendly state and the best place for families and communities to live, work, and thrive,” Kelly added.
Businesses have thrived during the DeSantis administration.
Florida has led the country in new business formations since 2019 with more than three million, and 266,000 formed so far in 2024.
“Job creators continue to demonstrate great confidence in Florida’s economic ecosystem through their investments, creating high-skill, high-wage jobs that make Florida a more competitive state to live and work in,” the Governor’s office said.
DeSantis has followed a simple but effective strategy for growing Florida’s economy.
He has kept taxes low, regulations reasonable, and created an economic environment where businesses can flourish.
Florida has had a lower unemployment rate than the national average for 43 months straight.
“Florida offers hundreds of workforce education and workforce development opportunities for job seekers to gain the skills they need to compete in such an elevated and more competitive job market, ensuring economic resiliency and success for generations of Floridians to come,” the Governor’s office stated.
DeSantis signed a budget this year that cut spending, provided tax relief, and paid down the state’s debt.
Florida now has the lowest per capita debt in the country.
Ron DeSantis has turned the Sunshine State into the model for the rest of the country for economic success.
DeSantis Daily will keep you up-to-date on any new developments in this ongoing story.
