How much does Puerto Rico owe the US?
How much does Puerto Rico owe the US?
Economic depression Puerto Rican national debt is now approximately $74 billion, but unlike mainland municipalities, Puerto Rico is not protected by Chapter 9 of the U.S. Bankruptcy Code and cannot file for bankruptcy.
Who governs PR?
Because of this, the head of state of Puerto Rico is the President of the United States. Structurally, the government is composed of three branches: the executive, legislative, and judicial branch. The executive branch is headed by the governor, currently Pedro Pierluisi, who is also the head of government.
Who is the leader of Puerto Rico?
Joe Biden
Does Puerto Rico want independence?
Since the second half of the 20th century, the independence movement has not been widely supported by the Puerto Rican public, failing to gain traction in both plebiscites and elections. In a status referendum in 2012, 5.5% voted for independence while Statehood obtained 61.1% of the votes cast.
When was the last time Puerto Rico voted to become a state?
A referendum on the political status of Puerto Rico was held in Puerto Rico on June 11, 2017. The referendum had three options: becoming a state of the United States, independence/free association, or maintaining the current territorial status. Those who voted overwhelmingly chose statehood by 97%.
When did Puerto Rico gain independence?
1508
Where is Puerto Rico located?
North America
Where is Puerto Rico located geographically?
The geography of Puerto Rico consists of an archipelago located between the Caribbean Sea and the North Atlantic Ocean, east of the Dominican Republic, west of the Virgin Islands and north of Venezuela. The main island of Puerto Rico is the smallest and most eastern of the Greater Antilles.
What are some products from Puerto Rico?
Economy of Puerto Rico
| Statistics | |
|---|---|
| Exports | $73.17 billion (2017 est.) |
| Export goods | Chemicals, electronics, rum, beverage concentrates, medical equipment, canned tuna, apparel |
| Main export partners | United States 76.5% Belgium 6.1% Netherlands 3.4% Italy 1.7% Spain 1.6% (2016) |
| Imports | $43.32 billion CIF (2016 est.) |
What is the Jones Act in Puerto Rico?
The Jones Act prevents foreign-flagged ships from carrying cargo between the contiguous U.S. and certain noncontiguous parts of the U.S., such as Puerto Rico, Hawaii, Alaska, and Guam.
How much debt does Puerto Rico have?
Puerto Rican national debt is now approximately $74 billion, but unlike mainland municipalities, Puerto Rico is not protected by Chapter 9 of the U.S. Bankruptcy Code and cannot file for bankruptcy.