Competitiveness: From 2009 to 2012, Puerto Rico achieved great improvements in its global competitiveness as ranked by the World Economic Forum (WEF). In that period, Puerto Rico scaled up 11 notches to climb up from the 42nd position to the 31st position out of 144 jurisdictions evaluated in the 2012-2013 edition of the WEF's Global Competitiveness Report. This was at that time the highest ranking that Puerto Rico had obtained in this report in its history, and as a result Puerto Rico surpassed Chile as the most competitive economy in Latin America. In the following year's report, Puerto Rico continued to rise 1 more notch, to achieve the 30th position on the WEF's scale, based on the previous year's economic strategies. Puerto Rico also scaled up 8 notches to the 45th position out of 139 jurisdictions in the Travel and Tourism Competitiveness Report published by the WEF in the 2012. This is the highest ranking that Puerto Rico has obtained in the Travel and Tourism Competitiveness Report in its history as well. Moreover, Puerto Rico also scaled up 7 notches to the 36th position out of 142 jurisdictions in the 2012 edition of the WEF's Global Information Technology Report. In the most recent WEF ranking, Puerto Rico has retreated 2 notches, and now finds itself in the 32nd position, which still qualifies as Latin America's most competitive economy.
Employment Indicators: During their tenure in the various government administrations in which they participated, Predco professionals actively worked and succeeded in generating economic growth and job creation for Puerto Rico. They fully understand the leading role of the private sector as the key component and instrumental motor of growth and job creation. During their tenure, they skillfully drafted and implemented complimentary government policies that incentivized investments while easing government regulatory and fiscal intervention. Predco professionals possess unique skills in discerning the necessary elements to implement the correct policies that attract and retain investments in Puerto Rico.
Predco has the capability to assist your business through economic and financial analysis that will provide you with the necessary tools to make the right decisions for your business. With resources that include former government officials that had the highest ranking positions in the Government Development Bank, the Department of Economic Development & Commerce, the Treasury Department, and the Office of Management and Budget, Predco can conduct economic analysis that will lead your company to positive results. With experience in the financial analysis required to determine the viability of all government projects considered in their respective fields while serving in government, Predco's professionals can also conduct financial analysis for your business to steer you in the right direction. We have unparalleled knowledge and experience about business matters in Puerto Rico.
Economic Growth: In Fiscal Year 2012 the economy of Puerto Rico began experimenting positive economic growth for the first time in six (6) years, which ended a recession that began in 2006. The Puerto Rico Planning Board announced that in Fiscal Year 2012, the economy of Puerto Rico grew 0.9%, and in Fiscal Year 2013 it grew 0.3%. Fiscal Year 2012 marked the first time since Puerto Rico's recession began in 2006 that the economy of Puerto Rico grew rather than contracted, and Fiscal Years 2012 and 2013 remain as the only fiscal years where Puerto Rico's economy has grown since the recession began in Fiscal Year 2006. From January of 2013 up until the present time, the current government administration has implemented a series of legislative measures intended to reactivate the economy of Puerto Rico.