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Poverty rate by state or territory, 2016-2020 State or territory Population Population under poverty line Poverty rate Puerto Rico 3,227,457 1,400,958 43.41%
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 ...
The data below is for annual median household income in the 50 states, the District of Columbia, and Puerto Rico — the data is based on 2013–2017 American Community Survey data from the U.S. Census Bureau; populations are also from the 2013–2017 American Community Survey.
By early 2017, the Puerto Rican government-debt crisis posed serious problems for the government which was saddled with outstanding bond debt of $70 billion or $12,000 per capita [5] at a time with a 45 percent poverty rate and 12.4% unemployment that is more than twice the mainland U.S. average.
According to the most recent U.S. Census Bureau data, the official poverty rate fell 0.4 percentage points to 11.1% in 2023. There were 36.8 million people in poverty, and here are some other key ...
By early 2017, the Puerto Rican government-debt crisis posed serious problems for the government which was saddled with outstanding bond debt that had climbed to $70 billion or $12,000 per capita [21] at a time with a 45 percent poverty rate and 12.4% unemployment that is more than twice the mainland U.S. average.
The highest poverty rates in the United States are in the U.S. territories (American Samoa, Guam, the Northern Mariana Islands, Puerto Rico and the U.S. Virgin Islands). [69] American Samoa has the lowest per capita income in the United States — it has a per capita income comparable to that of Botswana . [ 70 ]
Poverty rates have also plunged during that time, dropping from 13.3% to around 3.5% after adjusting for inflation. But the decrease is due to the corresponding expansion of government benefits ...