Florida is the southernmost contiguous state in the United States. The state is bordered to the west by the Gulf of Mexico, to the northwest by Alabama, to the north by Georgia, to the east by the Atlantic Ocean, and to the south by the Straits of Florida. Florida's $1.0 trillion economy is the fourth largest in the United States. Florida's $1.0 trillion economy is the fourth largest in the United States. n the 20th century, tourism, industry, construction, international banking, biomedical and life sciences, healthcare research, simulation training, aerospace and defense, and commercial space travel have contributed to the state's economic development. Florida is home to 51 of the world's billionaires with most of them residing in South Florida. Amusement parks, especially in the Greater Orlando area, make up a significant portion of tourism. The Walt Disney World Resort is the most visited vacation resort in the world with more than 50 million visitors annually, consisting of four theme parks, 27 themed resort hotels, nine non-Disney hotels, two water parks, four golf courses and other recreational venues. Other major theme parks in the area include Universal Orlando Resort, SeaWorld Orlando and Busch Gardens Tampa.
Florida has many seaports that serve container ships, tank ships, and cruise lines. Major ports in Florida include Port Tampa Bay in Tampa, Port Everglades in Fort Lauderdale, Port of Jacksonville in Jacksonville, PortMiami in Miami, Port Canaveral in Brevard County, Port Manatee in Manatee County, and Port of Palm Beach in Riviera Beach. The world's top three busiest cruise ports are found in Florida. Florida has the largest collection of Art Deco and Streamline Moderne buildings, both in the United States and in the entire world, most of which are located in the Miami metropolitan area, especially Miami Beach's Art Deco District, constructed as the city was becoming a resort destination. Some sections of the state feature architectural styles including Spanish revival, Florida vernacular, and Mediterranean Revival. Florida overall was ranked the 7th best state in America for educating students at all levels by U.S. News & World Report in 2018. The State University System of Florida was founded in 1905, and is governed by the Florida Board of Governors. In 2016, Florida charged the second lowest tuition in the nation for four years, $26,000 for in-state students, to $86,000 for out-of-state students. This compares with an average of $34,800 nationally for in-state students.