Economic Impacts: Florida Seaports and Cruise Ships at the Port Key West
The total economic value of the marine cargo and vessel activity at Florida seaports, including the revenue and value added at each stage of moving an export to the ports or an import from the marine terminals, is estimated at nearly $117.6 billion.[1]
Statewide cargo activities account for nearly 90% of the total economic impact of Florida seaports figure.
Statewide cruise ship activities account for 6% of the total economic impact of Florida Seaports.
Total economic output of the Port of Key West is less than 1/10th of 1% of all economic activity at Florida’s sea ports.
Key West has already replaced the cruise ship revenues lost as a result of the CDC No-Sail Order, with sales tax revenues for September–December 2020 higher than the same period one year ago.
The Port of Key West accounts for less than 1/10th of 1% of the total economic output of Florida's Seaports.
Port of Key West Total Economic Output: $85,000,000
All Florida Seaports non-cruise/non-cargo output: $5,400,000,000
All Florida Seaports Total CRUISE Output: $7,167,274,000
All Florida Seaports: Total CARGO Output: $105,009,300,000
All Florida Seaports: Total Economic Output: $117,600,000,000
[1] “The Statewide Economic Impacts Of Florida Seaports,” Executive Summary, Florida Ports Council, December 2016. http://scdn.flaports.org/wp-content/uploads/EconomicImpactsofFloridaSeaportsExecutiveSummary.pdf