FAQs
The Gross Domestic Product per capita in Puerto Rico was last recorded at 30122.84 US dollars in 2023. The GDP per Capita in Puerto Rico is equivalent to 239 percent of the world's average.
What is the per capita income in Puerto Rico 2023? ›
The Gross Domestic Product per capita in Puerto Rico was last recorded at 30122.84 US dollars in 2023. The GDP per Capita in Puerto Rico is equivalent to 239 percent of the world's average.
Is Puerto Rico a high income country? ›
Although there are extremes of wealth and poverty in Puerto Rico, from at least the 1970s the island traditionally had a large middle class. Its median household income is far below that of the United States, but the vast majority of Puerto Ricans live a modest middle-class existence by Caribbean standards.
How much money does Puerto Rico make per year? ›
Economy of Puerto Rico
Statistics |
---|
GDP | $118.68 billion (nominal, 2022 est.) $135.28 billion (PPP, 2022 est.) |
GDP rank | — (nominal, 2022) — (PPP, 2022) |
GDP growth | −2.7% (2017) −4.9% (2018) −1.1% (2022) −0.7% (2020e) |
GDP per capita | $38,440 (nominal, 2022 est.) $43,820 (PPP, 2022 est.) |
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What is the GNI per capita of Puerto Rico? ›
Puerto Rico gni per capita for 2022 was $24,560, a 9.35% increase from 2021. Puerto Rico gni per capita for 2021 was $22,460, a 5.94% increase from 2020. Puerto Rico gni per capita for 2020 was $21,200, a 3.81% decline from 2019. Puerto Rico gni per capita for 2019 was $22,040, a 4.9% increase from 2018.
What is Puerto Rico's biggest source of income? ›
Currently, manufacturing is the largest industry when it comes to economic activity on the island, representing 43% of Puerto Rico's Gross Domestic Product (GDP) and producing over $48 billion in 2022.
What is the average income in Puerto Rico? ›
Median household income in Puerto Rico is $24,002. In 2022, the county with the highest Median Household Income in Puerto Rico was Guaynabo Municipio, PR with a value of $43,304, followed by Gurabo Municipio, PR and Trujillo Alto Municipio, PR, with respective values of $39,533 and $35,821.
What salary is considered rich in Puerto Rico? ›
Median Household Income: $24,002. Average Household Income: $38,227. Per Capita Income: $15,637. 1.4% of Households in Puerto Rico are High Income Households that make over $200,000 a year.
Is Puerto Rico the richest in Latin America? ›
In 2023, Puerto Rico and The Bahamas were the states with the highest gross domestic product (GDP) per capita in Latin America and the Caribbean.
Who is the largest employer in Puerto Rico? ›
The largest employer in Puerto Rico today is the Government. Public service workers presently total 285,000 or roughly 26% of the workforkforce. Gover- nment employment grew dramatically in the late 1940s and early 1950s, going from 2.5% of the labor force in 1940 to 19% in the mid-1960s.
The median household income for Puerto Rico is $21,543. Puerto Rico ranks as the 5th lowest for the cost of living among US states and territories. Under 25s in Puerto Rico have a median household income of $18,124, while those 65 and older have a median income of $21,634.
Who is the Puerto Rican billionaire? ›
Puerto Rican billionaire Orlando Bravo, a renowned name in private equity, helms Thoma Bravo, a major player in the software and tech sectors. With beginnings in Mayagüez and a tennis-driven move to Florida, Bravo's academic pursuits led him through Brown University and Stanford's prestigious law and business schools.
What is the richest person in Puerto Rico? ›
Wall Street's hottest dealmaker, Orlando Bravo is the first Puerto Rican-born billionaire.
What is Puerto Rico's unemployment rate? ›
Puerto Rico Unemployment Rate is at 5.80%, compared to 5.80% last month and 6.00% last year. This is lower than the long term average of 14.09%.
What is the literacy rate in Puerto Rico? ›
Puerto Rico literacy rate for 2021 was 92.40%, a 92.4% increase from 2020. Puerto Rico literacy rate for 2020 was 0.00%, a 0% increase from 2019.
What is the gross income in Puerto Rico? ›
Gross national income per capita in Puerto Rico from 2013 to 2023 (in U.S. dollars)
Characteristic | Income per capita in U.S. dollars |
---|
2022 | 24,760 |
2021 | 22,580 |
2020 | 21,200 |
2019 | 22,040 |
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How much do you need to make a year to live comfortably in Puerto Rico? ›
Total monthly expenses should typically be about four times your monthly rent, so you can expect to retire comfortably in Puerto Rico on about $2,000 per month. Even the more expensive parts of the island are still less expensive than most major U.S. cities.
How much is a gallon of milk in Puerto Rico 2023? ›
Dairy products
A gallon of milk in Puerto Rico costs about $2.99, while the average US price is $2.39. Margarine, traditionally a cheap alternative to butter, is $2.59 a pound, while the average US price is only $1.09.
What is the common wealth of Puerto Rico? ›
The term “commonwealth” was adopted by Puerto Rico as the official English designation of the body politic created by the constitution (the official Spanish title is “estado libre asociado”), to define the status of that body as “a state which is free of superior authority in the management of its own local affairs but ...
Does Puerto Rico have a high cost of living? ›
A family of four estimated monthly costs are 3,751.8$ without rent. A single person estimated monthly costs are 1,084.2$ without rent. Cost of living in Puerto Rico is, on average, 9.9% lower than in United States. Rent in Puerto Rico is, on average, 47.5% lower than in United States.