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Market Research In Puerto Rico – Global Vox Populi

Market Research In Puerto Rico

Puerto Rico Profile:

  • Puerto Rico, officially the Commonwealth of Puerto Rico is an unincorporated territory of the United States located in the northeast Caribbean Sea.
  • The geography of Puerto Rico and its political status are both determining factors on its economic prosperity, primarily due to its relatively small size as an island; its lack of natural resources used to produce raw materials.
  • Much of that debt in the country was issued by state-run schools and public corporations, including water and electric utilities.
  • In late September 2017, Hurricane Maria hit Puerto Rico causing devastating damage. The island’s electrical grid was largely destroyed, with repairs expected to take months to complete, provoking the largest power outage in American history.
  • Puerto Rico was ranked as 63rd among all sovereign and dependent territories entities in the world in gross national income per capita.

Puerto Rico Economy:

  • Puerto Rico had one of the most dynamic economies in the Caribbean region until 2006; however, growth has been negative for each of the last 11 years. Per capita income is about two-thirds that of the US mainland.
  • Closing the budget deficit while restoring economic growth and employment remain the central concerns of the government. The gap between revenues and expenditures amounted to 0.6% of GDP in 2016.
  • The industrial sector greatly exceeds agriculture as the locus of economic activity and income. Tourism has traditionally been an important source of income
  • Diminished job opportunities prompted a sharp rise in outmigration, as many Puerto Ricans sought jobs on the US mainland.
  • Unemployment reached 16% in 2011 but declined to 13.7% in December 2014. US minimum wage laws apply in Puerto Rico, hampering job expansion.

Puerto Rico Facts:

  • Population: 3.4 million
  • Capital: San Juan
  • Largest city: San Juan
  • Area: 9,104 sq km
  • Major language: Spanish, English
  • Major religion: Roman Catholic 85%, Protestant, and other 15%
  • Life expectancy: 77.6 years (Male), 77.6 years (Female)
  • Monetary unit: 1 US Dollar(US$, USD) = 100 Cents
  • Main exports: Chemicals, electronics, apparel, canned tuna, rum, beverage concentrates, medical equipment
  • GNI per Capita: $11,540

Our Market Research Services in Puerto Rico:

We Employ A Wide Range of Research Techniques in Puerto Rico:

How Can We Help You?

Contact us at Global Vox Populi and submit a business inquiry online.

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