PortMiami increases economic impact to over US$61bn

PortMiami’s economic impact has increased by 48% to US$61.4bn in eight years, according to a study conducted by Martin Associates, which accounts for 4% of the state of Florida’s US$1.6tn Gross Domestic Product (GDP). 

The study used the same methodology that was carried out in the 2016 report and measured PortMiami’s impact in terms of jobs, business revenue, consumer spending, and state and local taxes. 

It was found that the port contributes US$2.2bn in state and local taxes, of which US$1.6bn is attributed to port users, and 340,078 jobs are supported by port activity, including 29,423 direct jobs.