What is driving the Florida Economy?

Florida Realtors organization states that Real Estate continues to be the leading force in Florida’s Economy even if it is generating less of the state’s economy than before the recession.

Florida’s GDP rose by .77 percent per year from 2006 to 2011 to a current $754.30 billion dollars.  Real Estate accounted for 15.6 percent in 2011, making it the biggest private industry in Florida.  The rise in GDP over the five-year period was helped by the government sector, which grew in output 6.01 percent annually from 2006 to 2011 and made up 12.9 percent of Florida’s total economy in 2011, making it the second largest industry after Real Estate.