Economic Conditions of Florida
Before Hurricane Irma hit Florida in 2017, the economic conditions of Florida were booming. From 2013 to 2016, Florida’s GDP recorded an average annual growth of 4 percent (BEBR, 2016). Reports further indicate that although the economy of Florida was faced with various challenges in the 2000s, the state significantly improved from 2012. According to statistics, Florida’s unemployment rate had fallen to 4.7 percent in 2016 indicating a healthy employment sector (BEBR, 2016). Due to the high employment rate in Florida, before hurricane Irma, Florida had a high real personal consumption expenditure per capita estimated at $36,440 by 2016. Statistics further indicate that Florida recorded its highest real average annual wages in 2015, which was estimated at $ 47,000 with an increase of 3 percent from the previous year (BEBR, 2016).
By 2016, the education level of Florida had an increase of 2.8 percent of the high school graduation rate from 2015. It was estimated that a total of 87 percent of the adult population had attained a high school education (FLDOE, 2016). However, the population for those who had attained higher education from the age of 25 to 35 in 2016 was estimated at 40.7 percent. However, the literacy rate in the state before hurricane Irma was slightly high with reports indicating that 25 percent of the adult population lacking basic literacy skills (FLDOE, 2016).
Culture of Florida
Before Hurricane Irma hit Florida, the state was estimated to have a population of 20.7 million people. The median age in 2016 was reported to be 42. The majority of the population in Florida in 2016 was the white that made up 53.8 percent of the total population. The Hispanic ethnic group during the period made up 25.7 percent of the population whiles African America made up 15.4 percent. Additionally, by the end of 2016, 90 percent of the residents in Florida were US Citizens and could speak English with the most common non-America language spoken being Spanish (Data USA, 2019).
After Hurricane Irma
Hurricane Irma affected nearly all corners of Florida causing damages to buildings and other infrastructures. According to reports, Hurricane Irma destroyed 25 percent of the homes in Florida and negatively affected the economy of the state (Keating, 2018). However, based on the economic conditions of the state one year later after it was hit by Irma, it is evident that it was well-prepared to respond to the aftermaths of the disaster. By the end of 2018, Florida’s GDP had hit $1 trillion for the first time making it the fourth-best in the country revealing the quick extent that the economy had bounced back to its thriving condition (Keating, 2018). The unemployment of Florida also dropped to 3.5 percent by the end of 2018 with the annual wage estimated at $49,417 and annual consumption being $40,125 (Statista, 2019).
Statistics indicate that Florida in 2018 after Irma had a narrow improvement in its education with 88 percent of the adult population being high school graduate. Based on reports, by the end of 2018, 50 percent of Florida’s adult population had a higher education marking a slight increase after Irma (Town Charts, 2019).
The population of Florida also increased by after Irma estimated at 21.3 million. However, the median age of Florida reduced after the hurricane to 41.5 with 51.1 percent of the population being female. However, the white population increased making up 75 percent of the population, African Americans being 16.13 percent, and the Latino being 7 percent marking a change in the culture of Florida (World Population Review, 2019). Additionally, the number of people who could speak English in 2018 was 93 percent with Spanish still being the non-local language spoken in the state (World Population Review, 2019).
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