In northern Fla., economy fueled by government dollars

For every dollar that comes into South Florida’s economy, about 11 cents arrives directly from the government.

That’s slightly below the national average of 12 cents, and helps give some perspective for the ongoing debate over whether the economy can handle a pullback in government spending. But the most interesting part of these statistics, which come from regional Gross Domestic Product numbers, may be the ratios found elsewhere in Florida.

As South Florida’s public sector braces for cutbacks in the federal “sequestration” regimen, at least the process begins with the private sector accounting for 89 percent of the economy. Not so in regions where the government occupies a much larger economic footprint.

In Pensacola, home to a large naval air base, government at all levels accounts for 25 percent of the economy. And in the Tallahassee region, home to state government, the public sector accounts for 32 percent of the economy — almost one out of every three cents produced.

As the sequester takes hold, South Florida starts off far more insulated from damage than do those regions

The Miami Herald’s Economic Time Machine blog seeks to put South Florida’s recovery into historical perspective. We try to take the long view on economic stats. For analysis of the latest economic news, visit and look for our weekly chart on Page 3 of Business Monday.

Read more The Economic Time Machine stories from the Miami Herald

Miami Herald

Join the

The Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

The Miami Herald uses Facebook's commenting system. You need to log in with a Facebook account in order to comment. If you have questions about commenting with your Facebook account, click here.

Have a news tip? You can send it anonymously. Click here to send us your tip - or - consider joining the Public Insight Network and become a source for The Miami Herald and el Nuevo Herald.

Hide Comments

This affects comments on all stories.

Cancel OK

  • Marketplace

Today's Circulars

  • Quick Job Search

Enter Keyword(s) Enter City Select a State Select a Category