THE ECONOMIC SITUATION IN THE PROVINCES OF TUSCANY

The data for the first quarter of 2026 paint a picture of a regional economy that is still growing, but at a slower pace and marked by more pronounced regional disparities.
Employment continues to rise, albeit at a slower pace than in 2025: growth is driven primarily by construction and the private service sector, while manufacturing remains weak and “Made in Italy” products are losing ground, particularly affecting regions most specialized in the fashion industry.
Exports maintain a positive trend, though less robust than in 2025 and heavily influenced by a few key sectors—particularly pharmaceuticals—as well as by certain logistical and organizational factors. This results in a highly polarized provincial landscape, with favorable results in some areas and significant declines in others.
Tourism, on the other hand, continues on an upward trajectory: visitor numbers grow in 2025 and accelerate in the first quarter of 2026, thanks primarily to foreign demand and more internationalized destinations, while certain regions dependent on domestic demand and more mature tourism products remain more vulnerable.

The residential real estate market, discussed for the first time in this article, is also showing a selective recovery: sales are increasing mainly in certain municipalities that are not provincial capitals, while prices remain stable overall. The picture that emerges is one of a Tuscany that remains dynamic but is more uneven, where provincial trends depend increasingly on economic specializations, international openness, and the quality of local markets. (…)

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