The annual U.S. Bureau of Economic Analysis report reveals that Jacksonville’s economy added nearly 5 percent year-over-year in real GDP growth. Jacksonville now has the 49th largest economy in the country, coming in at $65 billion. The report attributed the increase to growth in professional and business services; transportation and utilities; information technology; finance; and educational services. Tampa experienced more than 4 percent increase in GDP, while Miami and Orlando’s figures improved slightly more than 5 percent.
Across the nation, real GDP increased in 282 of the nation’s 381 metro areas last year, while real GDP grew more than 2.3 percent in 2014, an improvement on the 1.9 percent growth achieved in 2013.
