Data Analytics
One of the critical tasks of the Economic Recovery Support Function is to share, aggregate, and integrate economic impact data to assess economic issues and identify potential inhibitors to fostering stabilization of the affected communities.*
*Source: National Disaster Recovery Framework, 2016
*Source: National Disaster Recovery Framework, 2016
One of the largest challenges in formulating ECN COAs for the Recovery Plan was that economic data for Puerto Rico was in many cases absent, compiled by outdated methods and/or unreliable. Puerto Rico’s unique status as a territory of the United States provides for both opportunities and challenges over a complicated landscape.
Puerto Rico’s economy has a variety of structural problems that have contributed to a lack of growth over the past decade or so. Four major challenges have been described: (1) outmigration of labor; (2) outmigration of capital; (3) labor force participation; and (4) public debt. Each of these challenges has multiple root causes that may be under the control of multiple actors, including the Puerto Rico government, U.S. federal agencies, and Congress.
Puerto Rico’s economy has a variety of structural problems that have contributed to a lack of growth over the past decade or so. Four major challenges have been described: (1) outmigration of labor; (2) outmigration of capital; (3) labor force participation; and (4) public debt. Each of these challenges has multiple root causes that may be under the control of multiple actors, including the Puerto Rico government, U.S. federal agencies, and Congress.
