What goods and services are produced in Puerto Rico?

What goods and services are produced in Puerto Rico?

The economy of Puerto Rico is mainly driven by manufacturing, primarily pharmaceuticals, textiles, petrochemicals, and electronics; followed by the service industry, primarily finance, insurance, real estate, and tourism.

What goods do we get from Puerto Rico?

The chief exports are chemicals and chemical products, foodstuffs, and computers and electronics. The main imports are chemicals and chemical products, petroleum and coal products, food products, transportation equipment, and computers and electronics.

What was the key to the Puerto Rican economy?

Services. Services, including trade, finance, tourism, and government work, have become the dominant and most dynamic force in Puerto Rico’s economy, accounting for about half of the GDP and as much as three-fourths of employment on the island.

What agricultural products does Puerto Rico produce?

Puerto Rico food crops include sugar cane, coffee, bananas, plantains, pineapples, tomatoes, avocados, cacao, spices, corn, mango, beans, peppers, yams and others.

What is the main form of transportation in Puerto Rico?

Puerto Rico’s public transportation system consists of publicos, taxis, buses, ferries, trolleys, and a train that is scheduled to start operating next November. Publicos, which are relatively inexpensive and operate outside the San Juan area, are one of the most popular forms of transportation in Puerto Rico.

What happened to Puerto Rico’s economy?

Levels of debt in Puerto Rico became untenable, as the tax advantages of holding Puerto Rico’s bonds expired, and Hurricane Maria wreaked additional havoc on the island’s floundering economy. An aging population, mounting costs of social programs, and a declining population, have exacerbated debt problems as well.

What do people love about Puerto Rico?

Warm, tropical weather, rich history, and beautiful and diverse landscapes are some of the most common reasons why people love to visit the small island of Puerto Rico.

Why is Puerto Rican food so good?

Food in Puerto Rico is distinguished by its abundance of flavorful salty, meaty and crunchy dishes, as well as a regular repertoire of herbs and spices. Puerto Ricans complement their numerous chicken, pork and seafood creations with either a sweet or savory plantain dish.

How is the independence movement in Puerto Rico?

Since the second half of the 20th century, the independence movement has not been widely supported by the Puerto Rican public, failing to gain traction in both plebiscites and elections. In a status referendum in 2012, 5.5% voted for independence while Statehood obtained 61.1% of the votes cast.

What kind of culture does Puerto Rico have?

Puerto Ricans consider family life a core cultural value; family and kin are viewed as the most enduring and reliable support network. Despite a high divorce rate and an increase in serial monogamy, most people prefer marriage to living together, although female virginity is not as important as it was in the past.

What kind of economy does Puerto Rico have?

Research has shown that the key drivers of its economy are manufacturing, primarily pharmaceuticals, textiles, petrochemicals, and electronics; followed by the service industry, notably finance, insurance, real estate, and tourism.

What are the business opportunities in Puerto Rico?

This business has huge potential in Puerto Rico as well as globally. Experts believe that the CCTV camera industry is going to emerge as a huge market in the next few years in wake of rising demands from sectors like hospitality, healthcare, retail, manufacturing, and transportation.