Florida Economic Forecast: Q4 2024

2024-2030

2025 Economic Forecast - 2024 Q4 Cover

Florida TaxWatch’s report, 2025 Economic Forecast - 2024 Q4, examines Florida's economic outlook amid evolving market conditions. The report analyzes key indicators such as employment trends, GDP growth, and consumer spending, providing insights into Florida’s economic trajectory as the state navigates post-pandemic recovery and future challenges.

By evaluating current economic data and trends, the report offers policy recommendations aimed at fostering sustainable growth, enhancing job opportunities, and maintaining economic stability. The insights presented are crucial for policymakers, business leaders, and the public as they plan for the future.

Meet the Author:

Jui Shah
Jui Shah
Research Economist | Lead Author
LinkedIn

Documents to download

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Florida Economic Forecast: 2025-2034

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Florida’s economy—valued at $1.76 trillion in Q1 2025—entered the year with strong momentum, but this Q3 2025 Florida TaxWatch forecast projects a return toward more “normal,” pre-pandemic growth rates over the next several years. While Florida’s population is still expected to climb to roughly 25.9 million by 2034, net migration is projected to cool as higher costs (housing, insurance, taxes) and other pressures weigh on in-migration.

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