Florida Economic Forecast (2023 - 2028)

This detailed report, developed in partnership with the Regional Economic Consulting Group, projects key economic metrics through 2028, including population growth, net migration, employment trends, GDP changes, and the significant impact of tourism on the state's financial health.

As Florida continues to adapt to global economic shifts and internal challenges, this forecast provides invaluable insights for business leaders, policymakers, and citizens alike. From the slowing population growth due to migration changes to the steady increase in tourism, the report offers a clear view of what to expect in the coming years.

Download the full report to understand the forces shaping Florida's economy and how they might impact future growth and opportunities.

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Florida Manufacturing: A Highly Productive and Integral Economic Driver

Florida Manufacturing: A Highly Productive and Integral Economic Driver

Florida's manufacturing sector is a $86.6 billion industry that ranks sixth in the nation in the value of exported manufactured goods, employs more than 434,000 workers, and contributes 4.62 percent of the state's GDP — quietly outpacing both tourism and agriculture. Anchored by aerospace, defense, and space manufacturing firms along the Space Coast corridor, including global names like Lockheed Martin, Boeing, SpaceX, and Raytheon, the industry also produces medical devices, pharmaceuticals, food and beverage products, and recreational boats. The sector offers high wages with low educational barriers: eleven of the fifteen largest manufacturing occupations require only a high school diploma or equivalent, with an average annual salary of $87,000. Modernized working conditions — built around computer-based tasks and precision environments — have made manufacturing jobs increasingly comparable to traditional white-collar work.

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