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The economy of Puerto Rico is classified as a high-income economy by the World Bank and as the most competitive economy in Latin America by the World Economic Forum. [14] [15] The main drivers of Puerto Rico's economy are manufacturing, which primarily includes pharmaceuticals, textiles, petrochemicals, and electronics; followed by the service industry, notably finance, insurance, real estate ...
Puerto Rico's indigent population has relied exclusively on the local government for their healthcare needs since the start of the island's commonwealth status. The government maintained several hospitals, emergency centers, and free clinics , including the Rio Piedras Medical Center ( Centro Médico in Spanish) which is considered the largest ...
Location of Puerto Rico. Puerto Rico is an unincorporated territory of the United States located in the northeast Caribbean Sea. It is an archipelago that includes the main island of Puerto Rico and a number of smaller ones such as Mona, Culebra, and Vieques. The capital and most populous city is San Juan.
The pharmaceutical industry in Puerto Rico encompasses more than half of all manufacturing done in Puerto Rico.As the island's most prominent industry, pharmaceutics generates more than 18,000 jobs, pays more than US$3 billion in taxes, comprises about half of total exports, and has generated more than 25% of the island's GDP for the past four decades. [1]
The growth of the industrial sector could not match the rapid decline of monocultural plantation jobs that characterized the economy of Puerto Rico Pre-World War II. Also, while U.S. businesses sought Puerto Ricans for labor, these businesses were still very willing to continue to seek new, and even cheaper forms of labor.
The quaternary sector of the economy is based upon the economic activity that is associated with either the intellectual or knowledge-based economy. [1] This consists of information technology; media; research and development; information-based services such as information-generation and information-sharing; and knowledge-based services such as consultation, entertainment, broadcasting, mass ...
A massive power outage blanketed most of Puerto Rico early Tuesday, leaving more than 1.2 million people without electricity. Here's what to know about the blackout and Luma Energy, which handles ...
A Fortune 500 company, Quest operates in the United States, Puerto Rico, Mexico, and Brazil. [3] Quest also maintains collaborative agreements with various hospitals and clinics across the globe. [4] As of 2020, the company had approximately 48,000 employees, and it generated more than $7.7 billion in revenue in 2019.