Puerto Rico
Puerto Ricans had median household income of $17,741 for 2007, which makes Puerto Rico’s economy comparable to the independent nations of Latvia or Poland. By comparison, the poorest state of the Union, Mississippi, had median household income of $36,338 in 2007.Puerto Rico?s public debt has grown at a faster pace than the growth of its economy, reaching $46.7 billion in 2008. In January 2009, Luis Fortu?o enacted several measures aimed at eliminating the government’s $3.3 billion deficit. The measures adopted by the Fortu?o administration included systematically terminating the employment of nearly 24,000 public employees. Consequentially, the archipelago’s unemployment rate displayed four consecutive months of rise, reaching 12.6 % in September.
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Demographic Data |
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Economic Data |
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Cultural & Other Data |
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|
GDP (PPP, $bn) |
70.59 |
Capital |
San Juan |
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Area (sq. km.) |
13,790 |
GDP Real Growth (%) |
-2 |
Other Large Cities |
Bayamon, Carolina |
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Population (million) |
3.97 |
PerCap GDP ($) |
17,800 |
Primary Language |
Spanish |
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Population Growth % |
0.34 |
Prime Lending Rate (%) |
NA |
Urban Population % |
98 |
|
% Population Under 15yrs |
19.9 |
Inflation Rate% |
6.5 |
Urban Growth % |
0.8 |
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Population below poverty line (%) |
NA |
Unemployment% |
12 |
Literacy (% of population) |
94.1 |
|
Agricultural Workers (% of population) |
2 |
Foreign Direct Investment($bn) |
NA |
Education spending as % of GDP |
NA |
|
Industrial Workers (% of population) |
19 |
Debt-External ($bn) |
NA |
CPI Score (1-10)* |
5.8 |
|
Service Workers (% of population) |
79 |
Exports ($bn) |
46.9 |
Corporate Income Tax % |
7 |
|
Labor Force (mil) |
1.3 |
Imports ($bn) |
29.1 |
Ease of Doing Business Ranking ** |
35 |
CURRENCY EXCHANGE RATE
06/01/09 $1 = 1 USD
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