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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 ...
In 2017, Puerto Rico had a median household income of $19,775 — the lowest of any state or territory in the United States. [1] Puerto Rico is the only U.S. territory whose data is recorded annually in American Community Survey estimates (as if it were a state) — the other U.S. territories have their data recorded only once every 10 years. [2]
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.
In 2018, Puerto Rico had the lowest median household income of any state/territory in the United States ($20,166). [73] [note 1] Also in 2018, Comerío, Puerto Rico had a median household income of $12,812 — the lowest median household income of any county or county-equivalent in the United States. [75]
Puerto Rico's central government, ... [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 data is from the most recent year available from the World Bank API. [1] [2] [3] As differences in price levels across the world evolve, the global poverty line has to be periodically updated to reflect these changes. The World Bank updated the global poverty lines in September 2022.
Between 2007 and 2017, Puerto Rico's gross national income declined by 14 percent. In 2015, 46 percent of the population in Puerto Rico lived below the federal poverty line, compared to the U.S. national average of 15 percent. [11]