Also known as “The Sunshine State”, Florida is the 3rd most populous city of the United States with a population of 19,893,297. Tallahassee is the capital while Jacksonville is the most populous city of Florida. Area wise, Florida is ranked 22nd in the list of top 50 states of USA. Miami is the 8th largest metropolitan area in the United States.
Education level is pretty decent in Florida as it is ranked 43rd in all the state spending on education. The people employed in Florida are mostly educated with more than 70% of them having college or university degree.
According to a survey in 2010, the GDP of Florida was $748 billion and was ranked 4th among the 50 states. The per capita income of Florida was $39,563 in 2011 which ranked the state 27th in the list.
Four cities of Florida have the most credit card debit in top 20 cities of the country. Also, Florida is in the list of those 7 states who do not impose income tax. The reason behind the stable economy of Florida is Tourism, as it was the top destination state in 2011. According to local survey, almost 60 million visitors visit Florida each year.
In production, Florida is the leading fruit producer and huge amount of oranges, tomatoes and grapefruits are produced each year. Florida almost covers every item of production from electronics to wood products.
Florida is also quite big in mineral production. The main minerals produced are gravel, sand and rock. Back in 2011, the unemployment rate in Florida was 11.5%. Power boat sales also played an important role in the better economy of Florida. Only in 2013, $1.96 billion worth of power boats were sold.