Orlando outpaced national job growth for ten years, 2005 to 2015, in number of jobs and gross metropolitan product (GMP). In a recent report by the Brookings Institution, Orlando ranked in the top 10 metropolitan areas with positive economic performance over a five-year period, 2010-2015, and in the top 20 for 2005-2015. These rankings indicate strong, long-term economic growth for the region.
Orlando ranked No. 9 out of the nation’s 100 largest metropolitan areas for growth from 2010-2015, with a 16.4 percent increase in the number of jobs and a 12.1% increase in GMP. According to the Institute, large metro areas that specialize in research- and technology-intensive advanced industries saw the fastest growth in GMP, and Orlando ranked 19 out of the 100 top metros for GMP growth.
The ten-year numbers show a similar trend: number of jobs increased by 13.9% and GMP increased by 11.2 percent from 2005 to 2015.
Brookings Institution: Metro Monitor Report 2017
Orlando’s growth rate is not simply a fluctuation; it is a long-term upward trend. Orlando is becoming an increasingly competitive metropolitan area for economic development, as seen by recent company relocations and expansions including ADP, Deloitte, IAAPA, USTA, and many more.