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The economy of Florida is driven almost entirely by its nineteen metropolitan areas. In 2004, they had a combined total of 95.7% of the state's domestic product. [ 14] Per capita GDP in 2017 was $39,842, ranking 40th in the nation. [ 15] Per capita income varies widely by geographic region and profession.
Floridan aquifer. The Floridan aquifer system, composed of the Upper and Lower Floridan aquifers, is a sequence of Paleogene carbonate rock which spans an area of about 100,000 square miles (260,000 km 2) in the southeastern United States. It underlies the entire state of Florida and parts of Alabama, Georgia, Mississippi, and South Carolina.
The U.S. foreign-trade zones program was created by the Foreign-Trade Zones Act of 1934. The Foreign-Trade Zones Act was one of two key pieces of legislation passed in 1934 in an attempt to mitigate some of the destructive effects of the Smoot-Hawley Tariffs, which had been imposed in 1930. The Foreign-Trade Zones Act was created to "expedite ...
Tourism is a large portion of Florida's economy. Florida is home to the world's most visited theme park, the Magic Kingdom. [245] Florida is also home to the largest single-site employer in the United States, Walt Disney World. [246] PortMiami is the largest passenger port in the world and one of the largest cargo ports in the United States. [247]
Economic theory suggests that trade in water rights is a way to reallocate water from less to more economically productive activities. [15] Water rights based on prior appropriation – first in time, first in right – led to inefficient water allocation and other inefficiencies, like overuse of land and less adoption of water conservation technologies. [16]
NAFTA GDP – 2012: IMF – World Economic Outlook Databases (October 2013) The North American Free Trade Agreement (NAFTA / ˈ n æ f t ə / NAF-tə; Spanish: Tratado de Libre Comercio de América del Norte, TLCAN; French: Accord de libre-échange nord-américain, ALÉNA) was an agreement signed by Canada, Mexico, and the United States that created a trilateral trade bloc in North America.
Miami is a major center and leader in finance, commerce, culture, arts, and international trade. [13] [14] Miami's metropolitan area is by far the largest urban economy in Florida, with a gross domestic product of $344.9 billion as of 2017. [15]
Wetland conservation. Wetland conservation is aimed at protecting and preserving areas of land including marshes, swamps, bogs, and fens that are covered by water seasonally or permanently due to a variety of threats from both natural and anthropogenic hazards. Some examples of these hazards include habitat loss, pollution, and invasive species.