Orlando Economy Ranks Among Fastest Growing in The Nation

According to new data from the US Bureau of Economic Analysis, Orlando had one of the fastest-growing economies among large metropolitan areas in 2005 despite the downturn in the housing market. Orlando's $81 billion economy ranks as the 19th fastest-growing metropolitain statistical area in the country, with its 8.1 percent increase in gross domestic product from January 2005 to January 2006.
The fundamental driving elements of the local economy still exist, such as its industrial diversity, which means Orlando is still a thriving market -- unlike other areas overly dependent on construction. Bill Seyfried, economics professor at Rollins College's Crummer Graduate School of Business, agrees, saying he anticipates Orlando's future economic growth rate to moderate from a "very strong" 8.1 percent to between 4-5 percent, "which most people would love to be able to have."