Miami is a major center and leader in finance, commerce, lifestyle, arts, and international trade. The metro location is by far the greatest urban financial system in Florida and the 12th largest in the United States, with a GDP of $344.nine billion as of 2017. In 2020, Miami was categorized as a Beta + level international city by the GaWC. In 2019, Miami ranked seventh in the United States and 31st amid global cities in business activity, human capital, information exchange, cultural encounter, and political engagement. In accordance to a 2018 UBS review of 77 planet metropolitan areas, the metropolis was ranked as the third-richest in the entire world and the 2nd-richest in the United States in getting electrical power. Miami is nicknamed the "Capital of Latin The united states" and is one particular of the biggest bulk-minority cities in the United States with in excess of 72.seven% of the population getting of Hispanic and Latino descent.

Better Downtown Miami has a single of the largest concentrations of global banking companies in the United States, and is house to numerous massive national and global firms. The Overall health District is a significant centre for hospitals, clinics, and the biotechnology and medical investigation industries. PortMiami is the busiest cruise port in the entire world in equally passenger site visitors and cruise traces, and refers to by itself as the "Cruise Money of the Planet". Miami is also a main tourism hub for worldwide site visitors, rating next in the region after New York Metropolis.

Many big organizations are headquartered in Miami, which includes but not limited to Akerman LLP, Alienware, Arquitectonica, Brightstar Corporation, Celebrity Cruises, Carnival Corporation, Duany Plater-Zyberk, Greenberg Traurig, Inktel Immediate, Lennar Corporation, Norwegian Cruise Line, Oceania Cruises, OPKO Overall health, Parkjockey, RCTV International, Royal Caribbean International, Sitel, Southern Wine & Spirits, Telemundo, Vector Team, Watsco and Entire world Gasoline Companies. Because of its proximity to Latin The united states, Miami serves as the headquarters of Latin American operations for more than 1400 multinational corporations such as Walmart. In addition, companies dependent in nearby towns or unincorporated regions of Miami-Dade County consist of, Benihana, Burger King, Carnival Cruise Line, Navarro Low cost Pharmacies, Perry Ellis Intercontinental, Ryder, Sedano's, UniMás, and U.S. Century Financial institution.

miami gfe escorts is a major tv generation middle, and the most important town in the United States for Spanish language media. Telemundo and UniMás have their headquarters in the Miami spot. Univisión Studios and Telemundo Studios generate significantly of the original programming for their respective mother or father networks, this kind of as telenovelas, information, sports activities, and discuss demonstrates. In 2011, eighty five% of Telemundo's original programming was filmed in Miami. Miami is also a important tunes recording centre, with the Sony Music Latin headquarters in the town, together with many other smaller sized report labels. The metropolis also appeals to several artists for music video and movie shoots.

The housing industry crash of 2007 caused a foreclosure crisis in the spot. In 2012, Forbes magazine named Miami the most miserable town in the United States due to the fact of the crippling housing disaster that value multitudes of citizens their homes and employment. In addition, the metro area has 1 of the maximum violent criminal offense charges in the region and staff encounter lengthy every day commutes. Like other metro locations in the United States, crime in Miami is localized to particular neighborhoods. In miami pets for sale by the internet site 24/7 Wall Street, Miami was rated as the worst U.S. town in which to live, based on criminal offense, poverty, cash flow inequality, schooling, and housing fees that much exceed the national median.