Florida Economy: The Statewide Guides

Florida produced $1,393,837 million in chained 2017 dollars in 2025, about $1.39 trillion of real gross domestic product (EDR, real GDP).

That Florida total is up from $1,072,482 million in 2020, in the table that EDR, the Office of Economic and Demographic Research of the Florida Legislature, builds from Bureau of Economic Analysis data released April 9, 2026.

The Florida mix differs from the national one. In 2025, real estate and rental and leasing produced 20.7 percent of Florida real GDP, against 13.7 percent for the United States, and its Florida share has risen from 18.1 percent in 2010. Professional, scientific and technical services held 9.5 percent of Florida real GDP in 2025 and health care and social assistance 8.7 percent, while manufacturing was 4.9 percent of the Florida economy against 10.0 percent nationally (EDR). The Florida economy by the numbers guide sets out the headline statewide figures, the Florida historical economy eras guide follows how the Florida economy changed from earlier booms to today, and the Florida real estate cycles guide covers the housing booms and busts behind that large real estate share.

One reading note for Florida: EDR reports these figures as real gross domestic product in millions of chained 2017 dollars, with Florida 2024 at $1,352,275 million and 2025 at $1,393,837 million (EDR).

The Florida unemployment rate was 4.5 percent, seasonally adjusted, in August 2026, a preliminary figure, down from 4.8 percent in April and May 2026, according to the BLS Economy at a Glance table for Florida (BLS Florida).

BLS counts 10,051.6 thousand Florida nonfarm jobs, seasonally adjusted, in August 2026 (preliminary), up 0.6 percent over 12 months, and 502.4 thousand unemployed Floridians, down from 522.7 thousand in March 2026 (BLS). The largest Florida sector is trade, transportation and utilities, followed closely by professional and business services and by education and health services, which grew fastest of the large sectors at 2.5 percent over 12 months.

BLS marks the August 2026 Florida figures as preliminary (p), and the table was extracted on October 15, 2026. The Florida major employers 2026 guide names the large Florida employers behind these sector totals.

Florida has no state income tax and a 6 percent state sales tax, according to the Florida Department of State quick facts (Florida Department of State), and the Florida minimum wage reached $15.00 per hour on September 30, 2026 under the Florida Constitution (Florida Constitution).

The Florida minimum wage schedule was written into Article X, Section 24 of the Florida Constitution: the wage rose to $10.00 on September 30, 2021 and then by $1.00 each September 30 until it reached $15.00 in 2026. On September 30, 2027 and each following September 30, the state must calculate an adjusted Florida minimum wage by increasing the current rate by the rate of inflation during the twelve months prior to each September 1, using the CPI-W consumer price index (Florida Constitution). The cost of living in Florida guide covers housing, property tax exemptions and everyday prices in Florida.

Florida welcomed 143.3 million visitors in calendar year 2025, a preliminary VISIT FLORIDA estimate announced by Governor Ron DeSantis in Tallahassee on February 20, 2026, and FDOT coordinates seaport projects with Florida's 16 publicly owned seaports (Executive Office of the Governor, FDOT Seaport Office).

Of the 2025 Florida total, domestic visitation is estimated at 131.1 million, overseas visitation at 9.3 million and Canadian visitation at 2.9 million, about 2.0 percent of all Florida visitors (Governor press release). The release says final figure confirmations are expected as data becomes available throughout the spring, so the Florida 2025 numbers are still estimates. The Florida tourism economy overview covers what visitors spend and where, and the Florida snowbirds and seasonal economy guide covers the winter residents and Canadian visitors who swell Florida towns each season.

On the Florida coast, FDOT describes Port Canaveral, in Brevard County about 50 miles southeast of Orlando, as the busiest cruise port in the world, and says JAXPORT in Jacksonville supports 132,000 jobs and nearly $27 billion in annual economic impact for the northeast Florida region (FDOT Seaport Office). FDOT also calls Port Everglades, one of the leading South Florida ports, an important gateway for international trade and cruise vacations, and lists Port Panama City in the Panhandle as handling nearly 1.9 million tons of cargo per year. The Florida trade and ports economy guide covers cargo, cruise and the port network from the Panhandle to South Florida.

Florida had an estimated 23,379,261 residents on April 1, 2025, and the projection for 2050 is 28,250,130, according to the Florida Demographic Estimating Conference figures published by the Office of Economic and Demographic Research (EDR projections).

The same EDR table projects 24,909,028 Floridians in 2030, 26,074,611 in 2035 and 26,967,897 in 2040, so the projections add close to 4.9 million Floridians over 25 years, with growth slowing in later decades (EDR). EDR publishes the same estimates and projections for each of the 67 Florida counties, and the Department of State quick facts still show the 2020 census count of 21,538,187, so the April 2025 estimate is the newer statewide figure (Florida quick facts). The Florida population growth projections guide breaks the outlook down by county, and the Florida 2050 urbanization outlook guide covers where Florida growth is expected to turn rural land into towns and suburbs.

The Florida economy section holds ten statewide guides, mapped below to the question each answers, with the key Florida figure from the official sources on this page.

Florida economy figures on this page cover different periods: BLS jobs and unemployment for August 2026 (preliminary), BEA real GDP for 2025 as released April 9, 2026, and EDR population estimates for April 1, 2025, so each figure carries its own period.