quality:corruption
Economy

Miami is a major center of commerce and finance and boasts a strong international business community. According to the 2020 ranking of world cities undertaken by the Globalization and World Cities Research Network (GaWC) based on the level of presence of global corporate service organizations, Miami is considered a Beta + level world city, along with Atlanta, Dallas, and Houston, however according to the U.S. census between the years 2015–2019, Miami lacks in terms of owner-occupied housing, computer and internet usage, education regarding bachelor's degree or higher, median household income, per capita income, while achieving higher percentage of persons in poverty. Miami has a Gross Metropolitan Product of $257 billion, ranking 11th in the United States and 20th worldwide in GMP.

Several large companies are headquartered in Miami, including but not limited to Akerman LLP, Alienware, Arquitectonica, Brightstar Corporation, Celebrity Cruises, Carnival Corporation, Duany Plater-Zyberk, Greenberg Traurig, Inktel Direct, Lennar Corporation, Norwegian Cruise Line, Oceania Cruises, OPKO Health, Parkjockey, RCTV International, Royal Caribbean International, Sitel, Southern Wine & Spirits, Telemundo, Vector Group, Watsco and World Fuel Services. Over 1,400 multinational firms are located in Miami, with many major global organisations headquartering their Latin American operations (or regional offices) in the city including Walmart. Additionally, companies based in nearby cities or unincorporated areas of Miami-Dade County include, Benihana, Burger King, Carnival Cruise Line, Navarro Discount Pharmacies, Perry Ellis International, Ryder, Sedano's, UniMás, and U.S. Century Bank.

Miami is a major television production center, and the most important city in the United States for Spanish language media. Telemundo and UniMás have their headquarters in the Miami area. Univisión Studios and Telemundo Global Studios produce much of the original programming for their respective parent networks, such as telenovelas, news, sports, and talk shows. In 2011, 85% of Telemundo's original programming was filmed in Miami. Miami is also a significant music recording center, with the Sony Music Latin headquarters in the city, along with many other smaller record labels. The city also attracts many artists for music video and film shoots.

During the mid-2000s, the city witnessed its largest real estate boom since the Florida land boom of the 1920s, and the city had well over a hundred approved high-rise construction projects. However, only 50 were actually built. Rapid high-rise construction led to fast population growth in the Miami's inner neighborhoods, with Downtown, Brickell and Edgewater becoming the fastest-growing areas of the city. The city currently has the seven tallest (as well as fifteen of top twenty) skyscrapers in the state of Florida, with the tallest being the 868-foot (265 m) Panorama Tower.

The housing market crash of 2007 caused a foreclosure crisis in the area. Like other metro areas in the United States, crime in Miami is localized to specific neighborhoods.

Miami International Airport (IATA: MIA) and PortMiami are among the nation's busiest ports of entry, especially for cargo from South America and the Caribbean. PortMiami is the world's busiest cruise port, and Miami International Airport is the busiest airport in Florida and the largest gateway between the United States and Latin America. Due to its strength in international business, finance and trade, the city has among the largest concentration of international banks in the country, primarily along Brickell Avenue in Brickell, Miami's financial district. Miami was the host city of the 2003 Free Trade Area of the Americas negotiations.

Miami is the home to the National Hurricane Center and the headquarters of the United States Southern Command, responsible for military operations in Central and South America. Miami is also an industrial center, especially for stone quarrying and warehousing. These industries are centered largely on the western fringes of the city near Doral and Hialeah.

According to the U.S. Census Bureau in 2012, Miami had the fourth highest percentage of family incomes below the federal poverty line out of all large cities in the United States, behind Detroit, Cleveland, and Cincinnati, respectively. Miami is also one of the very few cities in the U.S. where the local government has gone bankrupt, in 2001.

The Little Fire Ant, Wasmannia auropunctata, is an invasive agricultural pest in parts of Miami.