Florida economy

Pensacola Beach, Florida.

Florida's economy is heavily based on tourism. The climate is warm most of the year and the many kilometers of beaches attract numerous tourists from all over the world. The Walt Disney World theme park, the largest in the chain, located near Orlando, leads the activity in the area, along with other theme parks that have been progressively established, such as Universal Studios.

The large amount of sales tax collected by the state is what allows Florida to have no income tax. Other important industries are citrus and juice production, banking and phosphate mining. With the arrival of the space program at the Kennedy Space Center in the 1960s, Florida has attracted numerous aerospace and military industries.