Miami, formally the City of Miami, is a seaside metropolis situated in southeastern Florida in the USA. It is the third most heavily populated city on the East coastline of the USA, and also it is the seventh biggest in the country. The city has the third highest skyline in the U.S. with over 300 high-rises, 55 of which surpass 491 ft (150 m).
Miami is a significant facility and leader in financing, commerce, society, arts, as well as international business. The city area is without a doubt the largest city economic situation in Florida and the 12th biggest in the USA, with a GDP of $344.9 billion since 2017. In 2020, Miami was classified as a Beta + level worldwide city by the GaWC. In 2019, Miami placed 7th in the United States as well as 31st amongst international cities in business work, human capital, info exchange, social experience, as well as political involvement.
According to a 2018 UBS study of 77 world cities, the city was ranked as the third-richest in the world and also the second-richest in the United States in buying power. Miami is nicknamed the “Capital of Latin America” and is just one of the biggest majority-minority cities in the United States with over 72.7% of the population being of Hispanic and Latino descent.
Greater Downtown Miami has one of the biggest concentrations of worldwide financial institutions in the United States, and also is residence to numerous huge nationwide as well as global business. The Health District, residence to Jackson Memorial Hospital as well as the Leonard M. Miller School of Medicine at the University of Miami to name a few, is a significant center for hospitals, centers, as well as the biotechnology and also clinical research industries. PortMiami is the busiest cruise port on the planet in both guest traffic and also cruise lines, and also refers to itself as the “Cruise Capital of the World”. Miami is additionally a major tourism center for international site visitors, ranking second in the nation after New York City.
