Discover Florida's Major Industries & Largest Companies
Learn the size of Florida's economy and its top growth industries
For many, moving to Florida means a job relocation or the opportunity to start a brand new career altogether.
As Florida's current unemployment rate is only 2.8%, which is below the national average of 3.8% (as of Oct 2023), its economy is very strong and tourism levels are now exceeding pre-pandemic levels.
If you're considering a relocation to Florida and currently seeking career opportunities, this page will be helpful as we overview the top industries contributing to the strength of Florida's economy, top employers per industry, as well as the largest Florida employers by revenue and employee count.
How Large is Florida's Economy?
To best measure how large Florida's economy is, we compared the Gross State Product (GSP) of Florida, which is similar to national GDP except on a state level, to see how the value of all goods and services produced in Florida compares to all other states.
For calendar year 2022, Florida's gross state product was estimated to be $1.40 trillion, making it the 4th
largest economy in the nation behind California ($3.63 trillion), Texas ($2.40 trillion) and New York ($2.07 trillion).
As the total value of all GDP for the U.S. was $25.7 trillion last year, Florida respectively contributes 5.37%
of the nation's total output.
When comparing the size of Florida's economy on a global scale, the total output of all goods and services produced in the sunshine state each year makes it the 16th
largest economy on the planet, larger than many nations.
View the GDP ranking of all countries
Contribution to National GDP per State
(the darker the color, the greater the % contribution)
Florida's Major Industries
Having overviewed the strength and scale of the Florida economy, let's now take a deeper look at the major industries which drive the Florida economy. Many of these industries are naturally strong due to Florida's warmer year-round climate as well as its geographic location in the southeast U.S.
Tourism & Hospitality
Florida's tourism and hospitality industry, which spans theme parks, amusement parks, resorts, hotels, food and dining, has seen a healthy rebound since the pandemic. In 2022, Florida achieved a record 137.6 million tourists which exceeds pre-pandemic levels. According to the Bureau of Labor Statistics (BLS
), the tourism and hospitality industry currently employs approximately 1.14 million people which is roughly 10.9% of the state's total workforce.
Top Florida tourism and hospitality companies include Walt Disney World
, Marriott International
, Royal Caribbean
, and Darden Restaurants
Real Estate & Development
Florida's real estate industry, which includes the development, sales, marketing, leasing, appraisal and management of residential and commercial properties, is stronger than ever. New residential communities, hi-rise condos and commercial shopping plazas are being built at record pace as the great migration to Florida continues. According to the National Association of Realtors, the real estate industry in Florida in 2021 accounted for roughly $255.6 billion, or 23.3% of the state's gross product.
Top Florida real estate and development companies include Lennar
and Benderson Development
Aviation & Aerospace
Florida's aviation & aerospace industry, which includes the manufacturing of aircraft and components, space exploration, training, engineering and design, is comprised of more than 16,000 companies and 151,000+ employees according to spaceflorida.gov
. Florida, which is home to 20 commercial and 130 public-use airports, is also the undisputed leader in the global aerospace industry as many innovative companies are redefining the limits of space exploration.
Top Florida aviation and aerospace companies include Raytheon Technologies
, and Blue Origin
Florida's clean energy industry, which includes self-renewing energy sources such as solar, wind, water, gas, nuclear and bioenergy, comprises more than 11,000 clean energy companies. According to the U.S. Energy Information Administration
, 5% of Florida's total energy production currently comes from renewable resources with the majority coming from solar.
Top Florida clean energy companies include NextEra Energy
, GE Wind Energy
, and Algenol Biofuels
Defense & Homeland Security
Florida's defense and homeland security industry, which encompasses the design, production and maintenance of military systems and security components used in protecting the U.S. is one of the nation's largest.
According to Enterprise Florida
, the state's economic development organization, Florida is home to 20 major military installations, 17,900 military and defense related companies with over 194,000 employees that contributes roughly $95 billion, or 9%, of Florida's gross state product each year.
Top Florida defense and homeland security companies include L3Harris
, Northrop Grumman
, and Lockheed Martin
Financial & Professional Services
Florida's financial and professional services industry, which spans banks, credit unions, insurance companies, accounting, asset management and consulting firms, is home to many top financial companies. In fact, Florida is now home to the 3rd largest cluster of financial and insurance companies in the nation and employs over 425,000 Floridians (Enterprise Florida).
Top Florida financial and professional companies include Fidelity National Information Services
, Navy Federal Credit Union
, and Raymond James
Logistics & Distribution
Florida's logistics and distribution industry, which includes the travel, warehousing and tracking of goods by air, water, rail and truck, is very large as it comprises roughly 20% of the nation's total exporting of goods.
Florida's 20 commercial-use airports, 15 deep-water seaports, 3,400+ miles of Interstate roadway and 2,800 miles of railway make it an ideal location to ship goods internationally to and from the United States.
Top Florida logistics and distribution companies include CSX Corporation
, and Landstar
Florida's manufacturing industry, which includes the production of goods with the help of equipment, labor and machines, spans a myriad of sectors including electronics, building materials and consumer products. Florida is currently home to over 20,000 manufacturing companies and nearly 400,000 jobs (Bureau of Labor Statistics).
Top Florida manufacturing companies include Tropicana
and Boston Whaler
Medical & Life Sciences
Florida's medical and life sciences industry, which includes medical research and development, biotechnology, genomics, scientific engineering and pharmaceuticals, is very healthy (pun intended) as Florida is home to many top-ranked hospitals, research parks and university research centers. According to Bio Florida
, the voice of Florida's life sciences industry, there are 6,700 life sciences related companies in Florida employing roughly 100,000 workers.
Top Florida medical and life sciences' companies include Bristol-Myers Squibb
, and Cardinal Health
Florida's technology industry, which encompasses hardware, software, storage, semiconductors, security, simulation and components related to Internet infrastructure, is home to over 33,000 technology related companies and roughly 315,000 employees (Enterprise Florida, 2021).
Florida's metropolitan areas of Jacksonville, Tampa Bay, Orlando and Miami-Fort Lauderdale are often recognized as growing tech hubs in the U.S. by Forbes and other popular city-ranking publications.
Top Florida technology companies include Tech Data
, and Citrix
10 Largest Florida Companies
( All companies are headquartered in Florida )
||World Fuel Services
10 Largest Florida Companies
( All companies are headquartered in Florida )
||Hertz Global Holdings
Click below to discover Florida's best places to live, the cost of living as well as important info for future residents.
to Live in Florida
is Living in Florida?
for Future Florida Residents