Economy

Volusia County
2020 GDP

$16 Billion

Volusia County
2020 Exports

$271 Million

Employed Workforce
2021 

243,303

2021 New Commercial
Building Permits

$335 Million

2021 New Residential
Building Permits

$1.33 Billion

Export Trend | Employment Trend | Commercial Building Permits | Residential Building Permits

Gross Domestic Product

Volusia County's strong GDP of $16.5 billion is ranked 14th out of 67 counties in Florida.

Volusia County Real Annual GDP


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.

Deltona-Daytona-Ormond Beach MSA Exports chart

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Employment

Volusia County employment dropped 6% due to the COVID pandemic and has since recovered by 5.5%.

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Commercial Building Activity

For the 12 months ending December 2021, an average of $27.9 million per month in new ground up commercial building permits have been issued.

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Residential Building Activity & Housing

Residential Permit Trends | Volusia County Home Value Estimates | Residential Foreclosures

For the 12 months ending December 2021, an average of 364 new residential building permits have been issued per month.

Residential new construction building permits

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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. 

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Single Family Median Home Value

The median sale prices of homes sold in Volusia County rose 23.6% year-over-year to a new record high $340,000 in April, while the average sale price rose 20.2% to $400,715, according to the latest Florida Realtors figures shared by the West Volusia Association of Realtors. 

Source: Daytona Beach News-Journal Article dated May 26, 2022

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