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.
While most economic data is reported at the state or national level, this report fills a crucial gap by offering localized, industry-specific insights at the county level. The landing page highlights two core indicators of economic health: real (inflation-adajusted) GDP growth and unemployment.
From there, the report dives deeper through three interactive tools—Tri-County Output Insights, Tri-County Labor Market Tracker, and Tri-County Business Tracker—which explore business formation, employment, and wage trends by industry.
Together, these pages provide a clearer picture of what's driving growth in South Florida. 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
Jake Steckel
Undergradaute Economics Student