April 27, 2024
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BEA News Release
Florida's GDP for Q1, 2018
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Florida's Gross domestic product - GDP |
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| State | Industry |
2018: Q1 |
| Florida | All industry total | 996,280 |
| Florida | Private industries | 882,381 |
| Florida | Agriculture, forestry, fishing, and hunting | 7,334 |
| Florida | Mining, quarrying, and oil and gas extraction | 1,609 |
| Florida | Utilities | 14,865 |
| Florida | Construction | 54,323 |
| Florida | Manufacturing | 53,830 |
| Florida | Durable goods manufacturing | 31,481 |
| Florida | Nondurable goods manufacturing | 22,349 |
| Florida | Wholesale trade | 65,968 |
| Florida | Retail trade | 75,115 |
| Florida | Transportation and warehousing | 32,796 |
| Florida | Information | 38,559 |
| Florida | Finance and insurance | 63,129 |
| Florida | Real estate and rental and leasing | 165,564 |
| Florida | Professional, scientific, and technical services | 70,173 |
| Florida | Management of companies and enterprises | 15,280 |
| Florida | Administrative and support and waste management and remediation services | 41,386 |
| Florida | Educational services | 9,143 |
| Florida | Health care and social assistance | 84,458 |
| Florida | Arts, entertainment, and recreation | 18,359 |
| Florida | Accommodation and food services | 43,219 |
| Florida | Other services (except government and government enterprises) | 27,272 |
| Florida | Government and government enterprises | 113,899 |
| Note-- For Levels: millions of dollars, seasonally adjusted at annual rates; for annualized percent change and compound growth rate: seasonally adjusted at annual rates. NAICS Industry detail is based on the 2007 North American Industry Classification System (NAICS). | ||
| * Gross domestic product (GDP) by state is the measure of the market value of all final goods and services produced within a state in a particular period of time. In concept, an industry's GDP by state, referred to as its "value added", is equivalent to its gross output (sales or receipts and other operating income, commodity taxes, and inventory change) minus its intermediate inputs (consumption of goods and services purchased from other U.S. industries or imported). GDP by state is the state counterpart of the Nation's GDP, the Bureau's featured and most comprehensive measure of U.S. economic activity. GDP by state differs from national GDP for the following reasons: GDP by state excludes and national GDP includes the compensation of federal civilian and military personnel stationed abroad and government consumption of fixed capital for military structures located abroad and for military equipment, except office equipment; and GDP by state and GDP have different revision schedules. For a complete list of regional statistics, see Regional Definitions. | ||
