Florida ranks first in Economic Performance

Florida ranks as one of strongest state economies in new report

Florida ranked as one of the country’s highest-performing state economies in the latest “Rich States, Poor States” report, placing first in the report’s backward-looking Economic Performance Ranking and 10th in its forward-looking Economic Outlook Ranking.

Published by the American Legislative Exchange Council, the report measures economic performance using three indicators over the past decade: state gross domestic product growth, non-farm payroll employment growth and absolute domestic migration.

On the backward-looking measure, Florida finished first overall. The state ranked first in absolute domestic migration with a net gain of 2,512,566 residents, third in cumulative state GDP growth at 98.30% and fourth in cumulative non-farm payroll employment growth at 24.49%.

Those results put Florida ahead of Arizona, which ranked second overall, Idaho, which ranked third, Utah, which ranked fourth, and Nevada, which ranked fifth in the performance index.

The report’s data suggests Florida’s top overall finish was driven by strength across all three categories rather than by a single outlier metric, with especially strong in-migration figures distinguishing it from most other states.

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