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Brief History of Business in Puerto Rico Print E-mail

The island was once known for having largely low-skilled labor for low-margin manufacturing ventures like clothing and alcoholic rum. In the twenty years, Puerto Rico has transformed itself into a world-class competitor in high-skills manufacturing.

Today, manufacturing makes up 40 percent of the island's Gross Domestic Product, according the Government Development Bank for Puerto Rico. The chemical industry accounts for 60 percent and pharmaceuticals 25 percent of the GDP. Pharmaceutical plants employ 30,000 of the 130,000 manufacturing workers.

 

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