How Muich Money Does Clearwater Beach Make Off Of Tourism
If Florida were a country, it would rank 17th in GDP
Florida'due south gross domestic product reached $one trillion in 2018. If Florida were an independent nation, it would have the 17 th- largest Gdp in the earth, ranking just backside Indonesia and above Turkey, kingdom of the netherlands, Saudi Arabia, Switzerland, and Argentine republic.
Disney World employs more people at a single location than any other company in the US
Disney Earth'south Magic Kingdom calls itself the "Happiest Identify on Globe," and the theme park is also 1 of the busiest.
The greater Walt Disney World Resort has 70,000 employees . According to Disney, that's the largest number of people employed by one visitor in a single location anywhere in the US.
Disney Earth needs that huge staff to entertain and serve the huge numbers of visitors that pour through its gates each twelvemonth. In 2017, 20.45 1000000 people explored the Magic Kingdom. That'southward near as many people every bit live in Florida ( twenty.98 million ), the tertiary nearly populous US state.
At that place are actually scammers in Florida who try to sell people swampland
"If you believe that, I've got some swampland in Florida to sell you."
People employ that phrase to suggest the person they're talking to is gullible, and it'due south based on the existent feel of unfortunate purchasers in Florida who found themselves strapped with land that was besides swampy to build on.
According to Florida's attorney general, land scams are not just a thing of the past. If you're buying existent manor in Florida, brand sure you lot inspect the property in person get-go to make certain you lot're getting what you expect.
The Everglades generate more than than $100 million for the Florida economy
Merely swampland does have value in Florida — if information technology'due south left alone.
The Everglades, which are actually wetlands and not technically a swamp, are a major tourist destination, but they are fragile. Equally Florida development boomed in the terminal century, more than one-half the original four million acres of the Everglades was drained and the water flow was reduced by more than two thirds. Information compiled by the Make clean Water Fund evidence that $11.5 billion spent to restore this majestic wetland will result in a $46.5 billion boost to the Florida economy, including real manor development and the benefits of cleaner water and ameliorate habitat.
The National Park Service, which administers Everglades National Park , estimates that the Glades, as they are known in Florida, generated $104.5 1000000 in economic benefits in 2014.
Home prices and rents keep rising in Miami, even though the city could be underwater in lxxx years.
The next all-time thing to buying swampland is a dwelling house that might be literally underwater .
Miami may be the US city nearly in danger of being swallowed by rising seas due to climate alter. One 2018 report said 12,000 Miami Beach homes are in danger of chronic flooding inside the adjacent xxx years.
Yet Trulia reports that both rents and domicile prices continue to rise there. Developers are still building mansions by the embankment and sales to foreign real-estate investors are booming.
Hey, want to buy some beachfront property in Miami? Rowboat included.
The city of Miami Embankment will spend $500 meg on h2o pumps to stave off rising waters
The optimism in the Miami area real-estate market may exist due, at least in part, to efforts like Miami Beach's $500 million programme to combat rising oceans. The plan includes a pumping system to drain streets decumbent to sunny-day floods, and elevating metropolis streets . The question is whether it will be enough. The Miami Herald reported that, past 2070, sunny-day flooding could get everyday flooding in this coastal customs.
Florida had $68.vi billion in insured catastrophic losses between 1986 and 2015
Miami isn't the only part of Florida that has to fence with the destructive forces of nature. According to National Oceanic and Atmospheric Administration , Florida has the near losses considering of catastrophic events of whatever state in the US. In the 30 years between 1986 and 2015, insured losses lonely amounted to $68.6 billion.
Florida is in the path of hurricanes with increasingly damaging winds , like 2017's Hurricane Irma , a Category 5 storm with 185 mph winds.
Florida's top agricultural consign is meat, not citrus
Florida has been famous for its orange crop and orange juice since Anita Bryant first plugged information technology in the 1970s. The state even so produces more 70% of the citrus in the Usa.
So you might be surprised to discover out that Florida is abode to nine out of the peak 25 beef producers in the Us. While the orange crop is the state's biggest agricultural output, its No. 1 international agricultural export is actually meat .
Nineteen pct of Floridians are over 65 years old — and there's one county where more than than half the population is over 65
The Sunshine State has long been a magnet for retirees. Slightly more than 19% of Florida's population is over 65, co-ordinate to Pew Research, compared to xv% of the United states population as a whole.
Meanwhile, Sumter County, outside Orlando, is the only canton in the US where the bulk of its residents are over 65, with about 53% of its population having reached retirement age, according to Pew. The next highest canton is Charlotte Canton, also in Florida, at about 38%.
Two thirds of the state in Florida is used for farming
When y'all call up of Florida, y'all might think of Disney World, Fundamental Westward, and a Florida man who brought his alligator on a beer run . But nearly of Florida is none of these things. Two thirds of Florida is farmland, according to a 2018 report from the University of Florida.
Florida's top export is civilian shipping
Florida is a major agricultural country, but subcontract products aren't even amidst its ten well-nigh common strange exports. Florida's No. 1 foreign consign is airplanes and aircraft parts , according to census data.
Florida's top industry, tourism, added $111.7 billion to the state's economy in 2016
Tourists flock to Florida's 663 miles of beaches and warm climate. Tourism, Florida'south biggest manufacture, contributed $111.seven billion to the state's economy in 2016. While much of that money went to hotels and recreation, other sectors of the Florida economic system go a large heave from out-of-towners. Visitors spent near $16 billion on retail purchases also.
The Sunshine State gets merely 0.1% of its energy from solar power — but that may be irresolute
Florida is known as the Sunshine State, but until recently, all that sun didn't interpret into solar energy.
Scientific American reported that while Florida has the eighth-highest potential for solar-energy generation in the United states , it creates less than Vermont, which gets 2.4% of its energy from solar.
But Florida may be in store for a solar-energy smash, the article noted. Solar employment rose 21% in Florida concluding year, according to the Orlando Scout, with residential solar installation accounting for 63% of those jobs.
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Source: https://markets.businessinsider.com/news/stocks/florida-economy-facts-2019-5-1028214563
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