puerto rico economy facts

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country comparison to the world (CIA rank, may be based on non-current data): Puerto Rico's economy is affected by the same factors affecting the US economy. These advantages base themselves on lower wages and beneficial legal loopholes that exist as a result of This lack of advantages pervades the economy of the island extensively. The September 11, 2001 terrorist attacks on the United States also had an adverse effect on the Puerto Rican tourist industry.
The government has also been unable to set up a system based on There was a similar situation at the municipal level with 36 out of From 2000 to 2010, the population of Puerto Rico decreased, the first such decrease in census history for Puerto Rico; it went from 3,808,610 residents registered in 2000 to 3,725,789 in 2010 (a −2.2% decrease);The US Census Bureau's estimate for July 1, 2016 was 3,411,307 people, down substantially from the 2010 data which had indicated 3,725,789 people.Unemployment is a significant issue in Puerto Rico with the unemployment rate being as high as 11.7% in 2006. Almost all its schools and programs rank first on the island, although competition has increased in the last decades with private universities gaining track at a fast pace. "Quintero (2013; in Spanish) "Los indicadores de una economía débil son muchos, y la economía en Puerto Rico está sumamente debilitada, según lo evidencian la tasa de desempleo (13.5%), los altos niveles de pobreza (41.7%), los altos niveles de quiebra y la pérdida poblacional. "Calderón (2013; in Spanish) "En 2012, se graduaron cerca de 50,000 estudiantes de nivel subgraduado y graduado y se proyectaba que el mercado laboral generara en promedio cerca de 6,000* empleos por año, de los cuales sólo el 25% requiere esos niveles de educación. Puerto Rico does not have a local coin, using instead the Since 2000, the government of Puerto Rico has experienced 20 consecutive The Commonwealth had been defaulting on many debts, including bonds, since 2015. All while domestic businesses struggle to export their products and services when competing against external firms that offer lower prices. 5. que es de 11 a 12 centavos. • Debt - External: $70 billion (January 23, 2017 2010 est.) Pharmaceutical companies originally came to Puerto Rico in the late 1960s and 1970s to take advantage of the now-expired federal tax incentive known as Section 936. "Santiago (2021) "Local detractors of the Jones Act [...] for many years have unsuccessfully tried to have Puerto Rico excluded from the law's provisions[...]"Alvarado León (2014; in Spanish) "Nuestras estructuras de consumo e ingresos son demasiado complejas, particularmente por la existencia de una plétora de provisiones (créditos, deducciones, exenciones, etc.) Unemployment reached 16% in 2011, but declined to 11.5% in December 2017. "FRBNY (2011) "...home values vary considerably across municipios: for the metro area overall, the median value of owner-occupied homes was estimated at $126,000 (based on data for 2007-09), but these medians ranged from $214,000 in Guaynabo to around $100,000 in some of the outlying municipios. "JOC (2013) "Repealing or amending the Jones Act cabotage law might cut Puerto Rico shipping costs"JOC (2013) "The GAO report said its interviews with shippers indicated they [...] believed that opening the trade to non-U.S.-flag competition could lower costs."Gutierrez. "The Merchant Marine Acts inflict costs to the Puerto Rican economy. However, all goods moving from Puerto Rico to the U.S. mainland are subject to agricultural inspection controls by the Mail bound for the mainland from Puerto Rico and Hawaii is subject to USDA inspection for quarantined plant matter.Puerto Rico may collect import duties only to the same degree it taxes the same goods produced domestically.Similar to other states of the union, Puerto Rico is subject to trade agreements signed by the United States.

La perspectiva de los bonos es estable.
This text provides … Puerto Rico has a highly educated and skilled workforce and is considered a customs territory of the US making it possible for the companies from the US to establish in Puerto Rico.

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