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business1d ago
State Economy Set for More Modest Growth
- Florida's economy is projected to grow in 2026 but at a slower pace than the post-pandemic surge, with GDP at about 1.9% by 2034.
- Migration to Florida is forecast to slow from 922 to 702 people per day by 2034 as the state returns to pre-pandemic growth rates.
- Employment is projected to rise from 10 million to about 10.8 million over the next decade.
- Unemployment is expected to rise from 4% in 2025 to about 4.5% in 2026–2027 before easing to around 4.1% by 2034.
- Income growth is expected to reach about 5.1% by 2028, then ease to 4.9% by 2034 as inflation remains a factor.
- Tourism is expected to strengthen in coming years before leveling off to pre-pandemic levels.
- Florida added a record 143 million visitors in 2024, spending $134.9 billion and supporting 1.8 million jobs, per the report.
- The forecast describes a shift from a post-pandemic sprint to a more sustainable jog amid ongoing uncertainty.
- The analysis is from Florida TaxWatch's Q3 2025 Economic Forecast.
- The state's economy remains strong globally in tourism, trade, and real estate, even as growth moderates.
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