After lagging the nation for much of the bust, South Florida’s economy is bouncing back, the Bureau of Economic Analysis says today.
Gross domestic product for the Miami-Fort Lauderdale-West Palm Beach metro area grew 3.5 percent in 2012, 70th best among 383 metro areas and well above the national average of 2.5 percent. The region’s GDP totaled $238 billion for the year.
San Francisco was the fastest-growing large metro area, posting growth of 7.4 percent. Midland, Texas, was No. 1 overall, spiking 14.4 percent.
Among large Florida markets, Tampa’s economy grew 3.1 percent, Orlando was up 3 percent and Jacksonville expanded by 2.2 percent.
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