Florida Industries on the Rise as State Recovers from Pandemic
Florida is poised to lead the U.S. economy in 2021 as the state and nation look to recover from the COVID-19 pandemic. In Florida TaxWatch’s 2021 economic preview, the state’s Real Gross State Product (RGSP) was projected to grow this year at an uber-healthy 4.9 percent clip.
That growth would out-pace other bellwether states such as Texas (4.0 percent) and the U.S. as a whole (3.6 percent). The nearly 5.0 percent growth rate would be some 1.5 percent ahead of the state’s 2015 to 2019 annual growth, which averaged 3.4 percent.