The South Florida Economic Outlook Report
Welcome to the South Florida Economic Outlook Report, your resource for tracking key economic trends across Broward, Miami-Dade, and Palm Beach counties.
South Florida is one of the most dynamic economies in the country. The region is a major hub for international trade, finance, tourism, and real estate, and a top driver of employment and growth for the state of Florida.
Most economic data is reported at the state or national level. This report goes deeper, delivering localized, industry-specific insights at the county level.
Key indicators include real (inflation-adjusted) GDP growth, unemployment, business formation, and wage trends by industry — all presented through interactive tools designed for easy exploration.
Whether you're a business owner, policymaker, student, or engaged resident, this report gives you the tools to monitor performance, spot emerging trends, and make more informed decisions about the region's future.
Fast Facts
There is over $400 billion in combined real GDP across Broward, Miami-Dade, and Palm Beach counties—making South Florida one of the largest regional economies in the U.S.
More than 2.5 million jobs across the tri-county area, with employment concentrated in health care, retail, professional services, and hospitality.
Nearly 300,000 businesses operate in the region, spanning industries from tourism and trade to finance and tech.
Palm Beach County reports the highest average wages across major industries, followed by Miami-Dade and then Broward.
Methodology:
Dr. Bryan Cutsinger is an assistant professor of economics in the College of Business at Florida Atlantic University and a Phil Smith Fellow at that institution’s Phil Smith Center for Free Enterprise. His research focuses on monetary theory and history and political economy. Cutsinger received his BA in economics from the University of Colorado at Boulder, and his MA and PhD. in economics from George Mason University.
Dr. Bryan Cutsinger
Assistant Professor - Economics Department
email: bcutsinger@fau.edu
phone: (561) 297-3229
Jack Steckel
Undergradaute Economics Student