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Gulf Coast counties see surge of GDP growth, business formation

Hillsborough, Lee, Pinellas and Sarasota counties are among the state's top 10 in terms of economic activity.

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  • | 10:30 a.m. May 7, 2022
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Four Gulf Coast counties are among the top 10 areas in Florida where gross domestic product is growing the fastest, according to a new study by SmartAsset.

The list is topped by Miami-Dade County, where GDP growth topped $4.58 billion and business growth — a measure of how many new businesses have been formed in the past year — exceeded 3.5%.


Ranked No. 5, Hillsborough County leads the Gulf Coast in GDP growth, surpassing $2.02 billion and with a business growth rate of 5%. Right behind, at No, 6, is Pinellas County, with GDP growth of $1.55 billion and a 4.7% uptick in new business formation.

Lee County, with GDP growth of $1.03 billion, appears at No. 8 on the list. Its 7.7% business growth rate is the highest among Gulf Coast counties.

Holding the No. 10 spot is Sarasota County, where GDP grew by $756 million and new business formation rose by 4.8%.


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