Puerto Rico
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Puerto Rico
Issuer
Abbreviation
Phone
Location
Capital
Official languages
Population
Currency
ISO 4217
San Juan
Puerto Rico
Spanish, English
3,260,314
USD
United States dollar
Delivery
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Certificate of incorporation
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Articles of association
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Meeting minutes
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Company stamp
Document checklist:
<Economy>
"Puerto Rico's economy has been struggling in recent years, with the island's GDP declining by 1.2% in 2019. This is largely due to the impact of Hurricane Maria in 2017, which caused an estimated $90 billion in damages. The unemployment rate in Puerto Rico is also high, standing at 11.2% in 2019. This is significantly higher than the US national average of 3.7%.
The Puerto Rican government has taken steps to improve the economy, including tax incentives for businesses and investments in infrastructure. These efforts have resulted in some positive economic growth, with the GDP increasing by 0.7% in 2020. Additionally, the unemployment rate has decreased to 10.2%, although it is still higher than the US average.
Overall, Puerto Rico's economy is still in a fragile state, but there are signs of improvement. With continued investment in infrastructure and tax incentives, the island's economy could continue to grow in the coming years."