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BRT_General_Trade_RI_2020.pdf
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📊 Size: 658 KB
👤 Author: Bert Loudis
⬇️ Downloads: 127

Summary

Rhode Island's economy benefits from trade and investment, with 96% of the world's population and 75% of its purchasing power outside the US. In 2020, the COVID-19 pandemic brought economic crises, and restoring trade can help Rhode Island recover. International trade supported 133,300 jobs in Rhode Island in 2018, with exports reaching $2.4 billion in goods and $2.1 billion in services. Top exports include scrap products, miscellaneous manufactured commodities, and nonferrous metal products. Free trade agreements have fueled export growth, with 49% of goods exports going to FTA partners in 2018. Foreign-owned companies employ 26,400 workers in Rhode Island. Trade creates and supports jobs, increases wages, and lowers costs for companies and consumers. Rhode Island's trade-related employment grew eight times faster than total employment from 1992 to 2018.

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Description

Rhode Island's economy benefits from trade and investment, with 96% of the world's population and 75% of its purchasing power outside the US.

Technical Information

  • File Format: PDF
  • File Size: 658 KB
  • Pages: 8
  • Language: EN
  • Author: Bert Loudis
  • Total Downloads: 127
  • Last Updated: 10 hours ago

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