5. Economic Differences and Concerns
Puerto Rico’s economy faces unique challenges that distinguish it from U.S. states. As of 2023, the island’s Gross Domestic Product (GDP) per capita is approximately $43,000, compared to the U.S. average of $73,600. Additionally, Puerto Rico’s median household income is about $25,100, significantly lower than the U.S. median of $76,170. (newyorkfed.org). The unemployment rate stands at 5.5%, higher than the U.S. average of 3.6%. These disparities raise concerns about the potential impact on federal budgets and economic policy, influencing Congressional debates on Puerto Rico’s statehood.
