Florida Economic Forecast: Q2 2024

An Economic Commentary

Florida's economy continues to expand, reaching a GDP of $1.58 trillion in 2023. However, growth is projected to moderate in the coming years. The report covers key topics such as:

• Population growth slowing to 1.1% by 2029.
• Employment continuing to rise, while unemployment is expected to increase slightly before stabilizing.
• Tourism projected to grow, with over 170 million visitors by 2029.

Despite a slowing growth rate, Florida's economy remains resilient, driven by tourism and real estate. The report provides a comprehensive analysis of these trends and more.

Download the full report to learn more about the economic outlook for Florida through 2029.