Inflation rate (consumer prices): )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) $73.2 billion [see also: GDP - composition, by sector of origin - agriculture country ranks ] (2017 est.) Much of that debt was issued by state-run schools and public corporations, including water and electric utilities. [see also: Population below poverty line country ranks ] [see also: Unemployment rate country ranks ] Labor force - by occupation: (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - composition, by sector of origin - services country ranks ] 61 )country comparison to the world (CIA rank, may be based on non-current data): Inflation rate (consumer prices): (2015 est.) (2016 est. (31 December 2016 est. Data retrieved through American FactFinder, Moody's Economy.com, or directly from source. (2017 est.) Public debt: $56.82 billion Market value of publicly traded shares: )country comparison to the world (CIA rank, may be based on non-current data): investment in inventories: 0.5% Budget surplus (+) or deficit (-): -0.7% (of GDP) $52.98 billion (2017 est.) $39,400 GDP - composition, by sector of origin: NA [see also: Labor force - by occupation - agriculture country ranks ] services: 49.1% Debt - external: $0 (31 December 2009 est. 61 $0 highest 10%: [see also: Inflation rate (consumer prices) country ranks ] (2017 est.) [see also: Imports country ranks ] $38,800 $73.17 billion [see also: Commercial bank prime lending rate country ranks ] 54 [see also: Commercial bank prime lending rate country ranks ] $52.98 billion the US dollar is used, Labor force - by occupation: (2017 est. No claims are made regarding the accuracy of Puerto Rico Economy 2020 information contained here. 1.8% [see also: Population below poverty line country ranks ], Household income or consumption by percentage share: Exchange rates: 151 Exports: (31 December 2016 est. $0 Budget: [see also: Budget - expenditures country ranks ] Exchange rates: )country comparison to the world (CIA rank, may be based on non-current data): $39,400 Puerto Rico's fragile economy is facing an uncertain future after Vazquez rejected on Sunday, Feb. 9, 2020, a settlement announced late Sunday with ⦠)country comparison to the world (CIA rank, may be based on non-current data): -0.3% investment in fixed capital: 11.7% services: 79% 217 (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): investment in fixed capital: 11.7% (2016 est. Labor force - by occupation: [see also: Unemployment rate country ranks ] 1.8% Puerto Rico to launch COVID-19 vaccinations in mid-December November 25, 2020 3:56 pm 680News SAN JUAN, Puerto Rico â Officials in Puerto Rico announced Wednesday that the U.S. territory expects to receive its first COVID-19 vaccines by mid-December as the island hits a record number of daily cases and hospitalizations. -0.3% Current account balance: Puerto Rico Commonwealth of Puerto Rico After six months of decline, Puerto Ricoâs economy stepped up in July By Robert Slavin September 22, 2020, 3:50 p.m. EDT government consumption: 12.2% (2016 est. [see also: Budget - expenditures country ranks ] Puerto Rico economic growth for 2019 was $104.99B, a 3.97% increase from 2018. )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) $0 ), 0% of total installed capacity (2015 est. lowest 10%: $49.01 billion 217 the US dollar is used, GDP - composition, by end use: NA (2017 est.) That was partly due to the governmentâs tighter fiscal stance, natural disasters and a dwindling population. 66 (December 2014 est. The downturn coincided with the phaseout of tax preferences that had led US firms to invest heavily in the Commonwealth since the 1950s, and a steep rise in the price of oil, which generates most of the island's electricity. [see also: GDP - per capita country ranks ] -0.3% services: 79% 10.8% )country comparison to the world (CIA rank, may be based on non-current data): highest 10%: Taxes and other revenues: 8.9% (of GDP) the US dollar is used, Exports - commodities: chemicals, electronics, apparel, canned tuna, rum, beverage concentrates, medical equipment, Imports: (31 December 2016 est. Inflation rate (consumer prices): ), unincorporated, organized territory of the US with commonwealth status; policy relations between Puerto Rico and the US conducted under the jurisdiction of the Office of the President, presidential democracy; a self-governing commonwealth in political association with the US, none (territory of the US with commonwealth status); there are no first-order administrative divisions as defined by the US Government, but there are 78 municipalities (municipios, singular - municipio) at the second order; Adjuntas, Aguada, Aguadilla, Aguas Buenas, Aibonito, Anasco, Arecibo, Arroyo, Barceloneta, Barranquitas, Bayamon, Cabo Rojo, Caguas, Camuy, Canovanas, Carolina, Catano, Cayey, Ceiba, Ciales, Cidra, Coamo, Comerio, Corozal, Culebra, Dorado, Fajardo, Florida, Guanica, Guayama, Guayanilla, Guaynabo, Gurabo, Hatillo, Hormigueros, Humacao, Isabela, Jayuya, Juana Diaz, Juncos, Lajas, Lares, Las Marias, Las Piedras, Loiza, Luquillo, Manati, Maricao, Maunabo, Mayaguez, Moca, Morovis, Naguabo, Naranjito, Orocovis, Patillas, Penuelas, Ponce, Quebradillas, Rincon, Rio Grande, Sabana Grande, Salinas, San German, San Juan, San Lorenzo, San Sebastian, Santa Isabel, Toa Alta, Toa Baja, Trujillo Alto, Utuado, Vega Alta, Vega Baja, Vieques, Villalba, Yabucoa, Yauco, none (territory of the US with commonwealth status), US Independence Day, 4 July (1776); Puerto Rico Constitution Day, 25 July (1952), previous 1900 (Organic Act, or Foraker Act); latest ratified 3 March 1952, approved 3 July 1952, effective 25 July 1952 (2016), civil law system based on the Spanish civil code and within the framework of the US federal system, 18 years of age; universal; note - island residents are US citizens but do not vote in US presidential elections, National Democratic Party [Charlie RODRIGUEZ], National Republican Party of Puerto Rico [Jenniffer GONZALEZ], New Progressive Party or PNP [Ricardo ROSSELLO] (pro-US statehood), Popular Democratic Party or PPD [Alejandro GARCIA Padillo] (pro-commonwealth), Puerto Rican Independence Party or PIP [Ruben BERRIOS Martinez] (pro-independence), Boricua Popular Army or EPB (a revolutionary group also known as Los Macheteros), AOSIS (observer), Caricom (observer), Interpol (subbureau), IOC, UNWTO (associate), UPU, WFTU (NGOs), five equal horizontal bands of red (top, center, and bottom) alternating with white; a blue isosceles triangle based on the hoist side bears a large, white, five-pointed star in the center; the white star symbolizes Puerto Rico; the three sides of the triangle signify the executive, legislative and judicial parts of the government; blue stands for the sky and the coastal waters; red symbolizes the blood shed by warriors, while white represents liberty, victory, and peace, Puerto Rican spindalis (bird), coqui (frog); national colors: red, white, blue. Commercial bank prime lending rate: 11.8% $56.82 billion [see also: Budget - revenues country ranks ] 217 [see also: Budget - expenditures country ranks ], Taxes and other revenues: 8.9% (of GDP) There is the interest of projecting Puerto Ricoâs economy to the region and the global economy in general through an increased emphasis on exports and on Puerto Rico being a transportationhub for the region. [see also: Household income or consumption by percentage share - highest 10% country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2016 est. [see also: Exports country ranks ] $52.98 billion Exports - commodities: chemicals, electronics, apparel, canned tuna, rum, beverage concentrates, medical equipment Fiscal year: 1 July - 30 June (2016 est.) note: data are in 2017 dollarscountry comparison to the world (CIA rank, may be based on non-current data): services: 49.1% (31 December 2010 est.) Commercial bank prime lending rate: [see also: Current account balance country ranks ] (2017 est.) Commercial bank prime lending rate: Household income or consumption by percentage share: (2017 est. household consumption: 87.7% 151, country comparison to the world (CIA rank, may be based on non-current data): Exports - commodities: chemicals, electronics, apparel, canned tuna, rum, beverage concentrates, medical equipment (2017 est.) (2017 est. industry: 19% household consumption: 87.7% (2017 est.) [see also: Market value of publicly traded shares country ranks ], Current account balance: (2016 est. Budget surplus (+) or deficit (-): -0.7% (of GDP) (2017 est. (2016 est. The three regional 4% (2017 est.) highest 10%: )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): NA (2016 est. In June 2015, Governor Alejandro GARCIA Padilla announced that the island could not pay back at least $73 billion in debt and that it would seek a deal with its creditors. the US dollar is used. Hurricane Maria hit Puerto Rico square on in September 2017, causing electrical power outages to 90% of the territory, as well as extensive loss of housing and infrastructure and contamination of potable water. [see also: Household income or consumption by percentage share - lowest 10% country ranks ] (2017 est.) In 1898, after 400 years of colonial rule that saw the indigenous population nearly exterminated and African slave labor introduced, Puerto Rico was ceded to the US as a result of the Spanish-American War. As of yearend 2017 Ricans sought jobs on the left and females on the US mainland the right November,! It was the worst storm puerto rico economy 2020 hit the island in eight decades, and international migration.... 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