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Zenger
Business
AJ Fabino

What Could Be Hurricane Ian’s Economic Impact

Bicycles are wrapped around a tree after Hurricane Ian on September 29, 2022 in Bonita Springs, Florida. (Photo by Sean Rayford/Getty Images)

Approximately 1 million properties in Florida’s west coast, including Naples and Punta Gorda, could sustain significant damage caused by Hurricane Ian, totaling $258 billion in replacement costs, according to a recent analysis.

Florida as a whole has a major economic impact on the United States. The Sunshine State has the fourth-highest nominal GDP in the nation, larger than all but 15 nations, and would rank after Mexico and before Indonesia if it were a sovereign state.

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