![[image]](/snaps/demographics/lee-county-statistical-digest-2008/lee-county-statistical-digest-2008-10.png)
Economic Factors
Topics
3.1 |
Taxable Sales |
21 |
3.2 |
County to County Worker Flows |
22 |
3.3 |
Annual Visitor Trends |
23 |
3.4 |
Florida County Retail Price and Wage Indices |
24 |
3.5 |
Consumer Price Index (CPI-U) |
25 |
3.6 |
Banking Deposits |
26 |
3.7 |
Southwest Florida International Airport & Page Field Activities |
27 |
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|
|
|
Economic Factors Statistical Digest
Taxable Sales
Annual Taxable Sales, Lee County and Florida ($Billions)
Year |
Fort Myers MSA |
Change from Previous Year |
State of Florida |
Change from Previous Year |
1995 |
$4.83 |
|
$177.45 |
|
1996 |
$5.13 |
6.2% |
$188.51 |
6.2% |
1997 |
$5.56 |
8.4% |
$202.62 |
7.5% |
1998 |
$6.00 |
7.9% |
$215.43 |
6.3% |
1999 |
$6.82 |
13.7% |
$234.42 |
8.8% |
2000 |
$7.52 |
10.3% |
$250.87 |
7.0% |
2001 |
$7.94 |
5.6% |
$258.40 |
3.0% |
2002 |
$8.18 |
3.0% |
$263.99 |
2.2% |
2003 |
$8.83 |
7.9% |
$279.17 |
5.8% |
2004 |
$10.24 |
16.0% |
$295.06 |
5.7% |
2005 |
$12.23 |
19.4% |
$338.04 |
14.6% |
2006 |
$13.28 |
8.6% |
$358.03 |
5.9% |
2007 |
$12.10 |
-1.1% |
$347.20 |
-3.0% |
Source: Florida Department of Revenue – March 2008 |
Lee County Retail Index
Source: Florida Office of Economic and Demographic Research
Economic Factors Statistical Digest
Lee County Gross Domestic Product
|
Gross Domestic Product by Metropolitan Area (in millions of current dollars) |
|
|
|
|
|
|
5 Year |
5 year |
Industry |
2001 |
2002 |
2003 |
2004 |
2005 |
Average |
Avg. Deviation |
Total Gross Domestic Product by Metropolitan Area |
$14,164.00 |
$14,704.00 |
$15,793.00 |
$17,752.00 |
$20,392.00 |
$16,561.00 |
$2,008.80 |
Private industries |
$12,752.00 |
$13,195.00 |
$14,109.00 |
$15,883.00 |
$18,340.00 |
$14,855.80 |
$1,804.56 |
Agriculture, forestry, fishing, and hunting |
$97.00 |
$101.00 |
$118.00 |
$119.00 |
$122.00 |
$111.40 |
$9.92 |
Mining |
$19.00 |
$17.00 |
$19.00 |
$27.00 |
$34.00 |
$23.20 |
$5.84 |
Utilities |
$127.00 |
$161.00 |
$177.00 |
$262.00 |
$277.00 |
$200.80 |
$54.96 |
Construction |
$1,313.00 |
$1,589.00 |
$1,865.00 |
$2,294.00 |
$2,845.00 |
$1,981.20 |
$470.64 |
Manufacturing |
$459.00 |
$403.00 |
$401.00 |
$443.00 |
$561.00 |
$453.40 |
$45.28 |
Wholesale trade |
$533.00 |
$548.00 |
$618.00 |
$758.00 |
$850.00 |
$661.40 |
$114.08 |
Retail trade |
$1,491.00 |
$1,588.00 |
$1,727.00 |
$1,960.00 |
$2,040.00 |
$1,761.20 |
$191.04 |
Transportation and warehousing, excluding Postal Service |
$159.00 |
$153.00 |
$170.00 |
$188.00 |
$298.00 |
$193.60 |
$41.76 |
Information |
$583.00 |
$750.00 |
$918.00 |
$1,134.00 |
$1,134.00 |
$903.80 |
$189.84 |
Finance and insurance |
$544.00 |
$610.00 |
$664.00 |
$724.00 |
$836.00 |
$675.60 |
$83.52 |
Real estate and rental and leasing |
$4,327.00 |
$3,966.00 |
$3,563.00 |
$3,748.00 |
$4,613.00 |
$4,043.40 |
$341.28 |
Professional and technical services |
$586.00 |
$602.00 |
$680.00 |
$767.00 |
$860.00 |
$699.00 |
$91.60 |
Management of companies and enterprises |
$131.00 |
$122.00 |
$126.00 |
$146.00 |
$250.00 |
$155.00 |
$38.00 |
Administrative and waste services |
$423.00 |
$504.00 |
$677.00 |
$671.00 |
$770.00 |
$609.00 |
$116.40 |
Educational services |
$43.00 |
$43.00 |
$48.00 |
$73.00 |
$86.00 |
$58.60 |
$16.72 |
Health care and social assistance |
$877.00 |
$879.00 |
$994.00 |
$1,086.00 |
$1,186.00 |
$1,004.40 |
$105.28 |
Arts, entertainment, and recreation |
$198.00 |
$225.00 |
$265.00 |
$313.00 |
$309.00 |
$262.00 |
$40.40 |
Accommodation and food services |
$457.00 |
$510.00 |
$573.00 |
$632.00 |
$694.00 |
$573.20 |
$71.84 |
Other services, except government |
$386.00 |
$422.00 |
$504.00 |
$536.00 |
$576.00 |
$484.80 |
$64.64 |
Federal civilian |
$138.00 |
$155.00 |
$175.00 |
$193.00 |
$196.00 |
$171.40 |
$19.92 |
Federal military |
$22.00 |
$28.00 |
$39.00 |
$40.00 |
$50.00 |
$35.80 |
$8.64 |
State and local |
$1,252.00 |
$1,325.00 |
$1,469.00 |
$1,636.00 |
$1,806.00 |
$1,497.60 |
$178.72 |
Natural resources and mining |
$116.00 |
$118.00 |
$138.00 |
$146.00 |
$156.00 |
$134.80 |
$14.24 |
Trade |
$2,025.00 |
$2,137.00 |
$2,346.00 |
$2,719.00 |
$2,889.00 |
$2,423.20 |
$304.64 |
Transportation and utilities |
$286.00 |
$315.00 |
$347.00 |
$450.00 |
$575.00 |
$394.60 |
$94.32 |
Financial activities |
$4,871.00 |
$4,576.00 |
$4,227.00 |
$4,472.00 |
$5,449.00 |
$4,719.00 |
$352.80 |
Professional and business services |
$1,139.00 |
$1,228.00 |
$1,483.00 |
$1,583.00 |
$1,879.00 |
$1,462.40 |
$223.12 |
Education and health services |
$919.00 |
$923.00 |
$1,042.00 |
$1,159.00 |
$1,272.00 |
$1,063.00 |
$122.00 |
Leisure and hospitality |
$656.00 |
$735.00 |
$837.00 |
$946.00 |
$1,004.00 |
$835.60 |
$112.08 |
Information, Communication, and Technology (ICT) |
(D) |
(D) |
$213.00 |
(D) |
$285.00 |
$249.00 |
$36.00 |
Private goods-producing industries |
$1,858.00 |
$2,085.00 |
$2,381.00 |
$2,863.00 |
$3,541.00 |
$2,545.60 |
$525.12 |
Private services-providing industries |
$10,894.00 |
$11,109.00 |
$11,727.00 |
$13,020.00 |
$14,800.00 |
$12,310.00 |
$1,280.00 |
NAICS Industry detail is based on the 1997 North American Industry Classification System (NAICS). (D) Not shown in order to avoid the disclosure of confidential information; estimates are included in higher level totals. (L) Less than $500,000 in nominal or real GDP by metropolitan area. (N) Not available. Source: Bureau of Economic Analysis, U.S. Department of Commerce. |
Economic Factors Statistical Digest
Annual Visitor Trends
Annual Visitor Trends-Total Visits
![[image]](/snaps/demographics/lee-county-statistical-digest-2008/lee-county-statistical-digest-2008-11.png)
![[image]](/snaps/demographics/lee-county-statistical-digest-2008/lee-county-statistical-digest-2008-12.png)
Annual Visitor Trends-Annual Visitor Spending ($000,000)
![[image]](/snaps/demographics/lee-county-statistical-digest-2008/lee-county-statistical-digest-2008-13.png)
![[image]](/snaps/demographics/lee-county-statistical-digest-2008/lee-county-statistical-digest-2008-14.png)
Economic Factors Statistical Digest
Florida County Retail Price and Wage Indices
Florida Price Level Index
County |
Total |
Food |
Medical Care |
Housing |
Other Goods & Services |
Transportation |
Lee |
97.47 |
99.21 |
96.84 |
96.34 |
99.63 |
96.78 |
|
|
|
|
|
|
|
Collier |
99.76 |
100.86 |
96.43 |
98.60 |
103.09 |
99.55 |
Charlotte |
94.46 |
100.67 |
98.45 |
88.43 |
99.83 |
97.80 |
Hillsborough |
96.50 |
100.60 |
94.02 |
92.29 |
100.18 |
101.10 |
Miami-Dade |
115.42 |
98.70 |
118.38 |
129.79 |
100.52 |
107.23 |
Note: Each index is constructed so that the population-weighted average is 100. The Florida County Retail Price |
Index is an index of the relative income required to purchase the same basket of goods and services purchased |
by the average Floridian in each of Florida's counties at a particular point in time, in this case third quarter 2005. |
Source: University of Florida, Bureau of Economic and Business Research, Florida Statistical Abstract 2006” |
Florida County Wage Index (August 2005)
County |
FCWI |
Collier |
106.50 |
Palm Beach |
104.61 |
Broward |
103.62 |
Monroe |
101.70 |
Martin |
98.99 |
Duval |
101.63 |
Hillsborough |
102.03 |
Lee |
101.76 |
Orange |
101.10 |
Pinellas |
100.67 |
Hendry |
100.04 |
Clay |
99.28 |
Seminole |
99.86 |
Sarasota |
100.45 |
Miami-Dade |
101.92 |
Source: University of Florida, Bureau of Economic and Business Research, “2006 Florida County Retail
Price and Wage Indices”Economic Factors Statistical Digest
Consumer Price Index (CPI-U)
Consumer Price Index for all Urban Consumers
Consumer Price Index for all Urban Consumers (CPI-U, 1996-2006) |
|
|
|
|
|
|
|
|
1996 |
1997 |
1998 |
1999 |
2000 |
2001 |
U.S. City Average |
156.9 |
160.5 |
163.0 |
166.6 |
172.2 |
177.1 |
% Change from Previous |
3.0% |
2.3% |
1.6% |
2.2% |
3.4% |
2.8% |
South Region |
153.6 |
156.9 |
158.9 |
162.0 |
167.2 |
171.1 |
% Change from Previous |
3.1% |
2.1% |
1.3% |
2.0% |
3.2% |
2.3% |
|
|
|
|
|
|
|
|
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
U.S. City Average |
179.9 |
184.0 |
188.9 |
195.3 |
201.6 |
207.3 |
% Change from Previous |
1.6% |
2.3% |
2.7% |
3.4% |
3.2% |
2.8% |
South Region |
173.3 |
177.3 |
181.8 |
188.3 |
194.7 |
200.4 |
% Change from Previous |
1.3% |
2.3% |
2.5% |
3.6% |
3.4% |
2.9% |
Source: U.S. Bureau of Labor Statistics |
|
|
|
|
![[image]](/snaps/demographics/lee-county-statistical-digest-2008/lee-county-statistical-digest-2008-15.png)
Consumer Price Index - All Urban Consumers - Area: South urban |
Year |
All Items |
Apparel |
Education & communication |
Food and Beverages |
Housing |
Medical Care |
Recreation |
Transportation |
Other Goods and Services |
1995 |
149.0 |
144.4 |
|
146.7 |
140.0 |
219.1 |
|
138.4 |
198.7 |
1996 |
153.6 |
142.1 |
|
152.3 |
145.0 |
226.9 |
|
141.7 |
207.1 |
1997 |
156.9 |
143.2 |
|
156.2 |
148.4 |
233.2 |
|
142.5 |
216.4 |
1998 |
158.9 |
144.6 |
100.1 |
159.2 |
150.9 |
240.1 |
101.3 |
139.2 |
230.4 |
1999 |
162.0 |
142.9 |
100.9 |
162.3 |
153.6 |
246.9 |
101.8 |
141.7 |
251.4 |
2000 |
167.2 |
141.5 |
102.1 |
166.4 |
157.9 |
256.3 |
102.9 |
150.7 |
264.5 |
2001 |
171.1 |
140.0 |
105.0 |
171.1 |
163.0 |
265.8 |
104.7 |
150.8 |
276.4 |
2002 |
173.3 |
136.9 |
107.9 |
174.0 |
165.2 |
277.1 |
105.9 |
149.7 |
285.7 |
2003 |
177.3 |
133.5 |
108.8 |
177.9 |
169.6 |
288.6 |
107.7 |
154.1 |
287.2 |
2004 |
181.8 |
131.4 |
109.5 |
184.2 |
173.7 |
299.9 |
109.0 |
160.1 |
291.9 |
2005 |
188.3 |
131.2 |
110.7 |
188.5 |
179.5 |
311.9 |
109.6 |
172.3 |
299.7 |
2006 |
194.7 |
132.3 |
113.4 |
193.1 |
187.1 |
322.2 |
111.7 |
178.9 |
306.7 |
2007 |
200.4 |
132.0 |
116.3 |
200.7 |
193.2 |
333.9 |
112.3 |
239.0 |
276.9 |
Source: U.S. Bureau of Labor Statistics
Economic Factors Statistical Digest
Banking Deposits
Banking Deposits as of June 2007
nstitution Name |
|
WACHOVIA BANK NATIONAL ASSN |
36 |
$1,721,392.00 |
15.51% |
BANK OF AMERICA NA |
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![[image]](/snaps/demographics/lee-county-statistical-digest-2008/lee-county-statistical-digest-2008-184.png){kind=small} ![[image]](/snaps/demographics/lee-county-statistical-digest-2008/lee-county-statistical-digest-2008-185.png){kind=small} ![[image]](/snaps/demographics/lee-county-statistical-digest-2008/lee-county-statistical-digest-2008-186.png){kind=small} ![[image]](/snaps/demographics/lee-county-statistical-digest-2008/lee-county-statistical-digest-2008-187.png){kind=small} ![[image]](/snaps/demographics/lee-county-statistical-digest-2008/lee-county-statistical-digest-2008-188.png){kind=small} ![[image]](/snaps/demographics/lee-county-statistical-digest-2008/lee-county-statistical-digest-2008-189.png){kind=small} ![[image]](/snaps/demographics/lee-county-statistical-digest-2008/lee-county-statistical-digest-2008-190.png){kind=small} ![[image]](/snaps/demographics/lee-county-statistical-digest-2008/lee-county-statistical-digest-2008-191.png){kind=small} 32 |
$1,659,695.00 |
14.96% |
SUNTRUST BANK |
24 |
$1,344,343.00 |
12.12% |
FIFTH THIRD BANK |
17 |
$872,081.00 |
7.86% |
COLONIAL BANK NATIONAL ASSN |
18 |
$808,740.00 |
7.29% |
WORLD SAVINGS BANK FSB |
3 |
$408,645.00 |
3.68% |
REGIONS BANK |
12 |
$331,822.00 |
2.99% |
RIVERSIDE BK GULF COAST |
6 |
$329,608.00 |
2.97% |
IRONSTONE BANK |
3 |
$306,453.00 |
2.76% |
THIRD FS&LA OF CLEVELAND |
2 |
$301,955.00 |
2.72% |
KEYBANK NATIONAL ASSN |
2 |
$270,976.00 |
2.44% |
FLORIDA GULF BANK |
7 |
$266,764.00 |
2.40% |
BUSEY BANK NATIONAL ASSN |
5 |
$261,054.00 |
2.35% |
BANK OF FLORIDA SOUTHWEST |
5 |
$210,854.00 |
1.90% |
NORTHERN TRUST NATIONAL ASSN |
3 |
$189,944.00 |
1.71% |
BANKUNITED FSB |
3 |
$187,152.00 |
1.69% |
FIRST CMTY BANK OF SW FL |
2 |
$179,228.00 |
1.62% |
FLORIDA COMMUNITY BANK |
4 |
$167,250.00 |
1.51% |
ORION BANK |
4 |
$150,772.00 |
1.36% |
EDISON NATIONAL BANK |
3 |
$143,497.00 |
1.29% |
SANIBEL CAPTIVA CMTY BANK |
3 |
$137,751.00 |
1.24% |
TIB BANK |
2 |
$136,950.00 |
1.23% |
FIRST AMERICAN BANK |
4 |
$94,701.00 |
0.85% |
COMMUNITY BANK OF CAPE CORAL |
3 |
$90,602.00 |
0.82% |
AMTRUST BANK |
1 |
$67,840.00 |
0.61% |
COMMUNITY BANK OF NAPLES NA |
2 |
$61,205.00 |
0.55% |
COMMERCE BANK OF SW FL |
1 |
$58,861.00 |
0.53% |
SOUTHWEST CAPITAL BANK NA |
1 |
$47,754.00 |
0.43% |
RELIANCE BANK FSB |
2 |
$45,851.00 |
0.41% |
JPMORGAN CHASE BANK NA |
1 |
$44,704.00 |
0.40% |
ENCORE BANK NATIONAL ASSN |
1 |
$33,892.00 |
0.31% |
ROYAL PALM BANK OF FLORIDA |
1 |
$24,545.00 |
0.22% |
BRANCH BANKING&TRUST CO |
3 |
$23,438.00 |
0.21% |
CNLBANK |
1 |
$20,894.00 |
0.19% |
ENGLEWOOD BANK |
1 |
$19,298.00 |
0.17% |
M&I MARSHALL&ILSLEY BANK |
2 |
$15,276.00 |
0.14% |
LIBERTY BANK |
1 |
$15,250.00 |
0.14% |
FIRST FLORIDA BANK |
2 |
$12,008.00 |
0.11% |
FINEMARK NATIONAL BANK&TRUST |
1 |
$11,614.00 |
0.10% |
TRANSCAPITAL BANK |
1 |
$9,927.00 |
0.09% |
FIRST BANK |
1 |
$6,400.00 |
0.06% |
CITIBANK NATIONAL ASSN |
1 |
$3,465.00 |
0.03% |
PREFERRED COMMUNITY BANK |
1 |
$1,664.00 |
0.01% |
RELIANCE BANK |
1 |
$106.00 |
0.00% |
Number of Institutions in the Market: 44 |
229 |
$11,096,221.00 |
100.00% |
Source: FDIC 2007 Deposit Market Share Report |
|
Economic Factors Statistical Digest
SWFIA and Page Field Activities
SWFL International Airport Freight Air Cargo
Air Freight-lbs |
2007 |
2006 |
2005 |
2004 |
2003 |
2002 |
Int’l Freight In |
1,865,173 |
1,989,683 |
1,155,674 |
1,830,704 |
1,751,014 |
1,675,432 |
Domestic Freight In |
23,452,745 |
23,502,261 |
22,774,871 |
19,165,319 |
17,613,284 |
17,617,757 |
Int’l Freight Out |
1,641,914 |
1,761,743 |
1,205,348 |
1,305,159 |
974,622 |
977,118 |
Domestic Freight Out |
12,602,546 |
13,515,024 |
13,337,785 |
10,725,142 |
10,974,617 |
11,989,436 |
Total Domestic Freight |
36,055,291 |
37,017,285 |
36,112,656 |
29,890,461 |
28,587,901 |
29,607,193 |
Total Int’l Freight |
3,507,087 |
3,751,426 |
2,361,022 |
3,135,863 |
2,725,636 |
2,652,550 |
Total Freight In |
25,317,918 |
25,491,944 |
23,930,545 |
20,996,023 |
19,364,298 |
19,293,189 |
Total Freight Out |
14,244,460 |
15,276,767 |
14,543,133 |
12,030,301 |
11,949,239 |
12,966,554 |
Total Air Freight |
39,562,378 |
40,768,711 |
38,473,678 |
33,026,324 |
31,313,537 |
32,259,743 |
Air Freight-lbs |
2001 |
2000 |
1999 |
1998 |
Int’l Freight In |
1,582,144 |
1,393,287 |
1,308,851 |
1,873,107 |
Domestic Freight In |
18,413,471 |
18,422,180 |
17,593,250 |
15,540,674 |
Int’l Freight Out |
1,445,359 |
1,575,661 |
1,696,659 |
2,209,174 |
Domestic Freight Out |
10,989,923 |
10,284,881 |
9,201,010 |
8,910,486 |
Total Domestic Freight |
29,403,394 |
28,707,061 |
26,794,260 |
24,451,160 |
Total Int’l Freight |
3,027,502 |
2,968,948 |
3,005,510 |
4,082,281 |
Total Freight In |
19,995,615 |
19,815,467 |
18,902,101 |
17,413,781 |
Total Freight Out |
12,435,282 |
11,860,542 |
10,897,669 |
11,119,660 |
Total Air Freight |
32,430,897 |
31,676,009 |
29,799,770 |
28,533,441 |
Source: Lee County Port Authority
Page Field Traffic Comparison Report
Aircraft Movements |
2007 |
2006 |
2005 |
2004 |
2003 |
2002 |
2001 |
2000 |
Total Movements |
77,701 |
77,879 |
86,444 |
80,514 |
86,970 |
96,396 |
97,403 |
87,461 |
|
|
|
|
|
|
|
|
|
|
Air Freight-lbs |
|
|
|
|
|
|
|
|
Int'l Freight In |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
Domestic Freight In |
21,154 |
29,683 |
27,013 |
51,029 |
410,329 |
427,219 |
453,856 |
588,005 |
Int'l Freight Out |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
Domestic Freight Out |
10,899 |
107,326 |
87,101 |
34,167 |
225,970 |
404,301 |
732,805 |
648,932 |
|
|
|
|
|
|
|
|
|
|
Total Freight In |
21,154 |
29,683 |
27,013 |
51,029 |
410,329 |
427,219 |
453,856 |
588,005 |
Total Freight Out |
10,899 |
107,326 |
87,101 |
34,167 |
225,970 |
404,301 |
732,805 |
648,932 |
|
|
|
|
|
|
|
|
|
|
Total Freight |
32,053 |
137,009 |
114,114 |
85,196 |
636,299 |
831,520 |
1,186,661 |
1,236,937 |
Source: Lee County Port Authority
Economic Factors Statistical Digest
SWFL International Airport Passenger Traffic
|
Total Domestic |
Total International |
Total Passengers |
1998 |
4,522,106 |
145,101 |
4,667,207 |
1999 |
4,767,633 |
129,620 |
4,897,253 |
2000 |
5,063,520 |
143,692 |
5,207,212 |
2001 |
5,140,931 |
136,777 |
5,277,708 |
2002 |
5,090,019 |
95,629 |
5,185,648 |
2003 |
5,768,812 |
122,856 |
5,891,668 |
2004 |
6,587,875 |
148,755 |
6,736,630 |
2005 |
7,355,884 |
162,285 |
7,518,169 |
2006 |
7,453,031 |
190,186 |
7,643,217 |
2007 |
7,846,008 |
203,668 |
8,049,676 |
Source: Lee County Port Authority
SWFL International Airport Aircraft Movement
Aircraft Movements |
1998 |
69,730 |
1999 |
74,502 |
2000 |
77,042 |
2001 |
75,779 |
2002 |
74,152 |
2003 |
76,614 |
2004 |
86,086 |
2005 |
90,958 |
2006 |
86,170 |
2007 |
92,008 |
Source: Lee County Port Authority
![[image]](/snaps/demographics/lee-county-statistical-digest-2008/lee-county-statistical-digest-2008-192.png)
Source: Lee County Port Authority