economy of Puerto Rico
E612302
The economy of Puerto Rico is a mixed, U.S.-linked territorial economy driven by manufacturing (especially pharmaceuticals), services, and federal transfers, while facing long-term challenges such as high public debt, slow growth, and population outmigration.
Statements (54)
| Predicate | Object |
|---|---|
| instanceOf |
mixed economy
ⓘ
regional economy ⓘ territorial economy ⓘ |
| affectedBy |
COVID-19 pandemic
NERFINISHED
ⓘ
Hurricane Maria NERFINISHED ⓘ global financial crisis of 2008 ⓘ repeal of Section 936 of the U.S. Internal Revenue Code ⓘ |
| country | Puerto Rico ⓘ |
| drivenBy |
federal transfers
ⓘ
manufacturing ⓘ services ⓘ |
| exports |
electronics
ⓘ
medical equipment ⓘ pharmaceutical products ⓘ rum ⓘ |
| governedBy | Puerto Rico Oversight, Management, and Economic Stability Act NERFINISHED ⓘ |
| hasCharacteristic |
dependence on imports
ⓘ
exposure to hurricanes ⓘ fiscal crisis ⓘ high poverty rate ⓘ high public debt ⓘ income inequality ⓘ limited natural resources ⓘ low labor force participation rate ⓘ population outmigration ⓘ slow economic growth ⓘ structural unemployment ⓘ |
| hasEconomicSector |
agricultural sector
ⓘ
manufacturing sector ⓘ services sector ⓘ |
| hasOversightBody | Financial Oversight and Management Board for Puerto Rico NERFINISHED ⓘ |
| hasStatus | U.S. unincorporated territory economy ⓘ |
| imports |
food products
ⓘ
manufactured goods ⓘ petroleum and petroleum products ⓘ |
| laborMarketIssue |
brain drain
ⓘ
outmigration to the U.S. mainland ⓘ |
| linkedTo | economy of the United States ⓘ |
| mainTradingPartner | United States NERFINISHED ⓘ |
| majorIndustry |
agro-industry
ⓘ
construction industry ⓘ electronics manufacturing ⓘ financial services ⓘ medical devices industry ⓘ pharmaceutical industry ⓘ retail trade ⓘ rum production ⓘ tourism industry ⓘ |
| monetaryPolicyControlledBy | Federal Reserve System NERFINISHED ⓘ |
| policyConstraint |
limited independent monetary policy
ⓘ
limited independent trade policy ⓘ |
| receives | U.S. federal transfers ⓘ |
| tradeRegime | U.S. customs territory NERFINISHED ⓘ |
| usesCurrency |
US dollar
ⓘ
surface form:
United States dollar
|
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.