Does Florida have a $1.85 trillion economy?

Florida’s $1.85 trillion 2025 economy ranks first for economic growth in the U.S.

Gov. Ron DeSantis claimed that Florida’s gross domestic product (GDP), or the value of goods and services produced in a state, had risen from $1.1 trillion to $1.85 trillion in the time he has served as governor. In 2018, the year before DeSantis took office, Florida’s GDP had just crossed $1 trillion.

Those numbers come with an asterisk, however. The $1.85 trillion figure is based on nominal GDP, meaning it doesn’t account for inflation. The inflation-adjusted number, known as real GDP, was $1.39 trillion in 2025. Real GDP makes it easier to compare the size of an economy over time, while nominal GDP strictly examines the figures at numerical value.

Therefore, it’s likely DeSantis was referring to nominal GDP, meaning his statement is accurate under those specifications.