Puerto Rico, a destination for manufacturing, real estate and tourism

The Puerto Rico economy with its potential + 3 million consumers is mainly driven by manufacturing (primarily pharmaceuticals, textiles, petrochemicals and electronics) followed by the service industry (primarily finance, insurance, real estate and tourism).

 In recent years, the territory has also become a popular destination for MICE (meetings, incentives, conferencing, exhibitions), with a modern convention centre district overlooking the Port of San Juan.

The geography of Puerto Rico and its political status are both determining factors on its economic prosperity. Its dependence on imports is real.

In effect, at a global scale, Puerto Rico's dependency on oil for transportation and electricity generation, as well as its dependency on food imports and raw materials, makes Puerto Rico volatile and highly reactive to changes in the world economy and climate.

The Puerto Rico Electric Power Authority (PREPA), Spanish: Autoridad de Energía Eléctrica (AEE) is an electric power company and the government-owned corporation of Puerto Rico responsible for electricity generation, power transmission, and power distribution in Puerto Rico.

Telecommunications in Puerto Rico includes radio, television, fixed and mobile telephones, and the Internet.

Puerto Rico has an operating budget of about US$9.8 billion with expenses at about $10.4 billion; creating a structural deficit of $775 million (about 7.9% of the budget).

The cost of living in Puerto Rico is high and has increased over the past decade.