Miami-Dade’s GDP grew 3.5 percent between 2022 and 2023, according to newly released data from the Bureau of Economic Analysis.
That is slightly faster than the national average of 2.9% during the same period.
The Miami-Fort Lauderdale-Pompano Beach MSA saw a GDP growth rate of 4% during the period, while the State of Florida growth rate was 4.3%.
Miami-Dade’s growth slowed after extremely sharp GDP growth in 2021 and 2022. The 2021 growth rate was 11.2% (the fastest in decades), followed by 6.9% GDP growth in 2022.
