| Economy | Puerto Rico |
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Economy - overview:
|
Puerto Rico has one of the most dynamic economies in the Caribbean region. A diverse industrial sector has far surpassed agriculture as the primary locus of economic activity and income. Mainland US firms have invested heavily in Puerto Rico since the 1950s. US minimum wage laws apply. Sugar production has lost out to dairy production and other livestock products as the main source of income in the agricultural sector. Tourism has traditionally been an important source of income with estimated arrivals of more than 3.6 million tourists in 2008. |
GDP (purchasing power parity):
|
$64.84 billion (2010 est.)
$68.84 billion (2009 est.)
$71.51 billion (2008 est.)
note: data are in 2011 US dollars |
GDP - per capita (PPP):
|
$16,300 (2010 est.)
$17,400 (2009 est.)
$18,100 (2008 est.)
note: data are in 2011 US dollars |
GDP (official exchange rate):
|
$93.52 billion (2010 est.) |
GDP - real growth rate:
|
-5.8% (2010 est.)
-3.7% (2009 est.)
-2.8% (2008 est.) |
GDP - composition by sector:
|
agriculture: 1%
industry: 45%
services: 54% (2005 est.) |
Investment (gross fixed):
|
14.3% of GDP (2011 est.) |
Population below poverty line:
|
NA% |
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
|
3.6% (2011 est.)
2.5% (2010 est.) |
Central bank discount rate:
|
void |
Commercial bank prime lending rate:
|
3.3% (31 December 2011 est.)
3.25% (31 December 2010 est.) |
Stock of money:
|
void |
Stock of money - per capita:
|
void |
Stock of quasi money:
|
void |
Stock of quasi money - per capita:
|
void |
Stock of domestic credit:
|
void |
Stock of domestic credit - per capita:
|
void |
Stock of narrow money:
|
void |
Stock of broad money:
|
void |
Labor force:
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1.479 million (2007) |
Labor force participation rate:
|
37.08 % of population |
Labor force - by occupation:
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agriculture: 2.1%
industry: 19%
services: 79% (2005) |
Unemployment rate:
|
12% (2002) |
Unemployment, youth ages 15-24:
|
total: 25.5%
male: 28.6%
female: 22% (2009) |
Budget:
|
revenues: $6.7 billion
expenditures: $9.6 billion (FY99/00 est.) |
Budget revenues per capita:
|
1,680 USD per capita |
Taxes and other revenues:
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7.2% of GDP (FY99/00) |
Budget surplus (+) or deficit (-):
|
-3.1% of GDP (FY99/00) |
Public debt:
|
void |
Industries:
|
pharmaceuticals, electronics, apparel, food products, tourism |
Industrial production growth rate:
|
NA% |
Electricity - production:
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20.92 billion kWh (2008 est.) |
Electricity - production per capita:
|
5,245 kWh per capita |
Electricity - consumption:
|
19.46 billion kWh (2008 est.) |
Electricity - consumption - per capita:
|
4,879 kWh per capita |
Electricity - exports:
|
0 kWh (2009 est.) |
Electricity - imports:
|
0 kWh (2009 est.) |
Oil - production:
|
1,075 bbl/day (2010 est.) |
Oil - production per capita:
|
270 bbl/day per capita |
Oil - consumption:
|
150,000 bbl/day (2010 est.) |
Oil - consumption - per capita:
|
13.72 bbl/year per capita |
Oil - exports:
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19,230 bbl/day (2009 est.) |
Oil - imports:
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164,000 bbl/day (2009 est.) |
Oil - proved reserves:
|
0 bbl (1 January 2011 est.) |
Natural gas - production:
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0 cu m (2009 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
756.7 million cu m (2009 est.) |
Natural gas - consumption - per capita:
|
190 cu m per capita |
Natural gas - exports:
|
0 cu m (2009 est.) |
Natural gas - imports:
|
756.7 million cu m (2009 est.) |
Natural gas - proved reserves:
|
0 cu m (1 January 2011 est.) |
Agriculture - products:
|
sugarcane, coffee, pineapples, plantains, bananas; livestock products, chickens |
Current account balance:
|
$3.512 billion (2010 est.)
$67.6 million (2009 est.) |
Current account balance - per capita:
|
881 USD per capita |
Exports:
|
$75.74 billion (2011 est.)
$68.86 billion (2010 est.) |
Exports per capita:
|
18,987 USD per capita |
Exports - commodities:
|
chemicals, electronics, apparel, canned tuna, rum, beverage concentrates, medical equipment |
Exports - partners:
|
void |
Imports:
|
$46.61 billion (2011 est.)
$41.43 billion (2010 est.) |
Imports per capita:
|
11,685 USD per capita |
Imports - commodities:
|
chemicals, machinery and equipment, clothing, food, fish, petroleum products |
Imports - partners:
|
void |
Reserves of foreign exchange and gold:
|
void |
Reserves of foreign exchange and gold - per capita:
|
void |
Debt - external:
|
$56.82 billion (31 December 2010 est.)
$52.98 billion (31 December 2009 est.) |
Debt - external - per capita:
|
14,244 USD per capita |
Stock of direct foreign investment - at home:
|
void |
Stock of direct foreign investment - at home - per capita:
|
void |
Stock of direct foreign investment - abroad:
|
void |
Stock of direct foreign investment - abroad - per capita:
|
void |
Market value of publicly traded shares:
|
$NA |
Market value of publicly traded shares - per capita:
|
void |
Currency (code):
|
US dollar (USD) |
Exchange rates:
|
the US dollar is used |
Fiscal year:
|
1 July - 30 June |
|
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