Finance

Jacksonville's economy is on the rise, and the city is quickly becoming a major player in the Sunshine State's market. According to new data from the Bureau of Economic Analysis, Jacksonville's gross domestic product (GDP) grew by 2.4 percent in 2017, making it the fifth-fastest growing economy in Florida. This growth is due in large part to the city's thriving aerospace and defense industry, which accounts for nearly 10 percent of Jacksonville's GDP. In addition, the health care sector is also growing rapidly, and this sector alone accounted for over 30 percent of the city's GDP growth in 2017. With these positive trends in place, it looks like Jacksonville's economy is on track to continue growing in 2018 and beyond.

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