Florida TaxWatch Forecasts State GDP Growth of 2.7% in 2026

Florida TaxWatch increased its GDP forecast for the state in the latest release of its Florida Economic Forecast. The forecast is produced quarterly in conjunction with the Regional Economic Consulting Group. The current forecast projects real GDP growth of 2.7% for the state in 2026, up measurably from the 2.3% projection in the previous forecast. However, it should be noted that the latest report contains contradictory information. Throughout most of the report, the new state GDP growth estimate is cited as 2.7%, but in the economic forecast summary table, it’s listed as 2.3%. Presumably this exhibit wasn’t updated from the previous report. In any event, the forecast calls for GDP growth to decline to 1.9% by 2032. The current forecast also increases the 2026 daily net migration projection to 895 from 865 in the prior forecast, but downgrades the 2026 tourism visitor growth rate to 1.5% from 2.2% while increasing it for the outyears. Finally, the forecast for total employment has been increased to 10.3 million in 2026 from 10.2 million previously, increasing to 11.5 million in 2035.