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PortMiami’s economic impact tops $61b, study finds

Scarlet Lady alongside at Virgin Voyages' PortMiami terminal. A new study found the port's annual economic impact ballooned to $61.4b in 2023
PortMiami’s annual economic impact ballooned to $61.4b in 2023, up from $41.4b in 2016, according to a new study by Martin Associates.

The study also found the number of jobs supported by the port's cruise and cargo activity has grown to 340,078 jobs from 334,500. Of those, 29,423 are direct local jobs.

The study used the same methodology that was as in the 2016 research, and measured PortMiami’s impact in terms of jobs, business revenue, consumer spending and state and local taxes.

Crew and passenger spending

The economic impact analysis was based on data developed through an extensive interview and telephone survey program of the seaport’s tenants and the firms providing cruise and cargo services at PortMiami. Additionally, a survey of cruise passengers and cruise ship crew was conducted to develop passenger spending profiles pre- and post-cruise as well as the spending characteristics of the crew during port calls.

'The seaport continues to play a critical role in the economic vitality of our region. We will continue to invest in our infrastructure to ensure that PortMiami remains a world class cruise and cargo port,' Port Director/CEO Hydi Webb said.

23 cruise lines

The port serves ships from 23 cruise lines.