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.
| 10:30 a.m. May 7, 2022
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%.