Economy
Volusia County $16 Billion |
Volusia County $271 Million |
Employed 243,303 |
2021 New Commercial $335 Million |
2021 New Residential $1.33 Billion |
Quick Links:
- Annual GDP
- Export Trend
- Employment Trend
- Commercial Building Permits
- Residential Building Permits
- Residential Building Permit Trends
- Single Family Typical Home Value
Gross Domestic Product
Volusia County's strong GDP of $16.5 billion is ranked 14th out of 67 counties in Florida.
Exports
The Deltona-Daytona-Ormond MSA is ranked 10th out of 22 MSAs in Florida for exports after previously ranking 11th. The top exports consist of Computer & Electronic Products, Transportation Equipment, Electrical Equipment and Machinery making up 60% of the products exported.
Employment
Volusia County employment dropped 6% due to the COVID pandemic and has since recovered by 5.5%.
Commercial Building Activity
For the 12 months ending September 2022, an average of $62.5 million per month in new ground up commercial building permits have been issued.
Residential Building Activity & Housing
For the 12 months ending September 2022, an average of 353 new residential building permits have been issued. That averages a value of $113 million in single family residential permits.
Residential Building Permit Trend
Residential building permit activity has increased steadily every year since 2012 with the average value of homes constructed in 2021 at $305,807 whereas values were $188,611 at the height of activity in 2005.
Single Family Typical Home Value
The average single family home value rose sharply 18.3% from 2020 to 2021.