NAPLES – IMMOKALEE – MARCO ISLAND
Short Term Outlook for Naples-Immokalee-Marco Island, FL July 2021 2021:Q2 2021:Q3 2021:Q4 2022:Q1 2022:Q2 2022:Q3 2022:Q4 2023:Q1 2023:Q2 2023:Q3 2023:Q4 2024:Q1 2024:Q2
Personal Income (Billions $) Total Personal Income Pct Chg Year Ago Wages and Salaries Nonwage Income
44.2 1.3 9.7 34.5
43.4 2.0 9.9 33.5
42.9 3.9 10.1 32.8
43.6 -9.9 10.2 33.5
44.3 0.3 10.3 34.0
44.9 3.3 10.4 34.5
45.3 5.6 10.5 34.8
45.7 4.8 10.6 35.1
46.4 4.6 10.8 35.5
47.0 4.7 11.0 36.0
47.6 5.0 11.1 36.5
48.3 5.7 11.3 37.1
49.0 5.7 11.4 37.6
Real Personal Income (12$) Pct Chg Year Ago
38.9 -1.5
38.1 -0.5
37.5 1.4
37.9 -11.6
38.4 -1.3
38.7 1.7
38.9 3.9
39.1 3.1
39.5 2.8
39.8 2.8
40.1 3.0
40.5 3.7
40.9 3.6
Per Capita Income (Ths) Real Per Capita Income (12$)
110.9 97.5
108.7 95.2
107.0 93.4
108.3 94.2
109.6 94.9
110.7 95.5
111.4 95.7
112.0 95.7
113.1 96.2
114.2 96.7
115.3 97.2
116.7 97.9
117.9 98.4
Average Annual Wage (Ths) Pct Chg Year Ago
63.2 7.0
63.2 4.1
63.4 2.6
63.5 1.6
63.8 1.1
64.2 1.6
64.6 2.0
65.1 2.7
65.7 2.9
66.3 3.2
66.9 3.5
67.5 3.6
68.1 3.7
Establishment Employment (Place of Work, Thousands, SA) Total Employment Pct Chg Year Ago
153.1 10.0
156.8 5.0
158.6 5.8
159.5 4.5
160.8 5.1
161.4 2.9
162.3 2.4
162.5 1.9
164.0 2.0
164.8 2.1
165.5 1.9
166.1 2.2
166.6 1.6
Manufacturing Pct Chg Year Ago
4.8 -0.6
4.8 -1.9
4.8 -5.1
4.8 -3.4
4.8 -0.9
4.8 -1.4
4.7 -1.3
4.7 -1.5
4.7 -2.0
4.6 -2.3
4.6 -2.6
4.6 -3.0
4.5 -3.0
Nonmanufacturing Pct Chg Year Ago
148.2 10.4
152.0 5.2
153.8 6.1
154.7 4.7
156.0 5.3
156.7 3.1
157.6 2.5
157.8 2.0
159.3 2.1
160.2 2.2
160.8 2.1
161.5 2.4
162.1 1.7
Construction & Mining Pct Chg Year Ago
17.9 6.5
18.1 4.9
18.2 2.1
18.2 1.1
18.3 2.3
18.4 1.7
18.4 1.4
18.4 1.1
18.5 0.8
18.5 0.7
18.5 0.8
18.6 0.8
18.6 0.9
Trade, Trans, & Utilities Pct Chg Year Ago
28.2 5.3
28.6 0.6
28.6 1.8
28.1 0.2
27.7 -1.6
27.5 -3.8
26.9 -5.8
26.6 -5.4
27.0 -2.6
26.8 -2.5
26.8 -0.5
26.5 -0.4
26.1 -3.2
Wholesale Trade Retail Trade Trans, Wrhsng, & Util
4.8 21.3 2.1
4.8 21.6 2.2
4.8 21.5 2.2
4.9 21.0 2.2
4.9 20.6 2.3
5.0 20.2 2.3
5.0 19.6 2.4
5.0 19.2 2.4
5.0 19.6 2.4
5.0 19.5 2.4
5.0 19.4 2.4
5.0 19.1 2.4
5.1 18.6 2.4
Information Pct Chg Year Ago
1.3 6.6
1.3 5.3
1.3 1.6
1.4 5.7
1.4 6.3
1.4 5.5
1.4 2.6
1.4 0.0
1.4 0.8
1.4 0.3
1.4 2.8
1.4 3.7
1.4 4.3
Financial Activities Pct Chg Year Ago
8.6 3.8
8.7 0.1
8.8 -0.1
8.9 1.8
9.1 5.9
9.2 6.3
9.3 5.9
9.3 4.7
9.2 2.0
9.2 -0.2
9.2 -0.2
9.3 -0.1
9.4 1.3
Prof & Business Services Pct Chg Year Ago
19.3 16.6
19.6 11.3
20.0 9.7
20.5 6.4
20.3 5.4
19.9 1.3
19.8 -0.7
19.9 -2.7
20.0 -1.9
20.1 0.9
20.3 2.4
20.7 3.6
21.1 5.6
Educ & Health Services Pct Chg Year Ago
23.4 6.5
23.9 3.2
24.2 2.2
24.1 1.9
24.7 5.5
25.0 4.5
25.0 3.4
25.2 4.5
25.3 2.1
25.4 1.7
25.6 2.5
25.9 2.9
26.1 3.5
Leisure & Hospitality Pct Chg Year Ago
27.8 32.8
29.5 16.1
30.0 19.4
30.4 13.8
31.0 11.5
31.5 6.8
33.0 9.8
33.0 8.8
34.1 10.0
34.8 10.5
35.1 6.3
35.2 6.7
35.4 3.6
Other Services Pct Chg Year Ago
8.5 9.5
8.8 3.5
9.1 8.2
9.3 9.4
9.5 11.7
9.7 10.1
9.7 6.7
9.7 4.4
9.6 1.3
9.6 -1.2
9.5 -1.6
9.5 -1.8
9.6 -0.9
Federal Government Pct Chg Year Ago
0.7 3.1
0.7 -20.4
0.7 -2.7
0.7 -0.1
0.7 2.2
0.7 1.6
0.7 1.5
0.8 1.5
0.8 1.3
0.8 1.2
0.8 1.2
0.8 1.3
0.8 1.5
12.5 -6.0
12.7 -3.6
13.0 1.3
13.1 2.3
13.2 5.7
13.3 4.5
13.4 3.1
13.4 2.6
13.5 2.2
13.5 1.9
13.5 1.4
13.6 1.1
13.6 0.9
Population (Ths) Pct Chg Year Ago
398.4 1.4
399.9 1.4
401.3 1.4
402.7 1.5
404.2 1.4
405.6 1.4
407.1 1.4
408.5 1.4
410.1 1.5
411.4 1.4
412.8 1.4
414.1 1.4
415.6 1.3
Labor Force (Ths) Pct Chg Year Ago
181.3 9.2
184.1 4.7
185.3 4.4
186.4 3.6
187.4 3.4
188.9 2.6
189.9 2.5
190.9 2.4
191.9 2.4
192.9 2.1
193.7 2.0
194.4 1.8
195.2 1.7
State & Local Government Pct Chg Year Ago Other Economic Indicators
Unemployment Rate (%) Total Housing Starts Single-Family Multifamily
2.6
2.6
2.5
2.5
2.5
2.5
2.5
2.5
2.5
2.5
2.5
2.6
2.6
6171.7 3921.0 2250.8
6123.9 3822.4 2301.6
6276.4 3756.9 2519.5
5927.7 3617.3 2310.4
5680.4 3458.6 2221.8
5414.8 3336.6 2078.2
5190.1 3224.7 1965.5
5099.3 3160.5 1938.7
5075.0 3113.6 1961.5
5066.6 3109.9 1956.7
5123.6 3156.3 1967.3
5139.9 3168.9 1971.0
5134.6 3172.0 1962.7
Institute for Economic Forecasting
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