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Economic Outlook in Orlando

This year Orlando’s economy seems to be moving in the right direction, with a gradually declining unemployment rate that dipped to 4.8 in October, far below the national average of 6.0.

Reportedly the world’s number one vacation destination, Orlando’s economy is dominated by tourism. Yet in recent years, that economy has begun to diversify and now embraces, in addition to recreation, entertainment, and citrus fruits, the automotive and computer industries, financial services, research & development facilities, business and industrial centers, and a number of corporate headquarters. Manufactures now range from apparel, boats and marine accessories to multi-purpose vehicles, military and aerospace assemblies, electronic components, computer software, and processed foods. The area is served by excellent road and rail systems and by the Orlando International Airport.

 

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