Economy - overview: Puerto Rico has one of the most dynamic economies in the Caribbean region, however, growth has been negative for the past four years, and unemployment rose to nearly 16% in 2011. The industrial sector has 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. Closing the budget deficit while restoring economic growth and employment remain the central concerns of the government.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition, by end use: GDP - composition, by sector of origin: Agriculture - products: Industries: Industrial production growth rate: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Fiscal year: Inflation rate (consumer prices): Market value of publicly traded shares: Exports: Exports - commodities: Imports: Imports - commodities: Debt - external: Exchange rates:
NOTE: 1) The information regarding Puerto Rico on this page is re-published from the 2014 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Puerto Rico Economy 2014 information contained here. All suggestions for corrections of any errors about Puerto Rico Economy 2014 should be addressed to the CIA.
$64.84 billion (2010 est.)
country comparison to the world: 86
note:
data are in 2010 US dollars
[see also: GDP country ranks ]
$93.52 billion (2010 est.)
[see also: GDP (official exchange rate) country ranks ]
-5.8% (2010 est.)
country comparison to the world: 217
[see also: GDP - real growth rate country ranks ]
$16,300 (2010 est.)
country comparison to the world: 80
note:
data are in 2010 US dollars
[see also: GDP - per capita country ranks ]
household consumption: 87.8%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption:
15.4%
investment in fixed capital:
14.6%
investment in inventories:
0.3%
exports of goods and services:
106.4%
imports of goods and services:
-124.4%
agriculture: 0.8%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry:
48.9%
services:
50.3% (2012 est.)
sugarcane, coffee, pineapples, plantains, bananas; livestock products, chickens
pharmaceuticals, electronics, apparel, food products, tourism
NA%
[see also: Industrial production growth rate country ranks ]
1.286 million (March 2012)
country comparison to the world: 138
[see also: Labor force country ranks ]
agriculture: 2.1%
[see also: Labor force - by occupation - agriculture country ranks ]
industry:
19%
services:
79% (2005 est.)
16% (2011 est.)
country comparison to the world: 150
[see also: Unemployment rate country ranks ]
NA%
[see also: Population below poverty line country ranks ]
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%:
NA%
revenues: $6.7 billion
[see also: Budget revenues country ranks ]
expenditures:
$9.6 billion (FY99/00 est.)
7.2% of GDP (FY99/00)
country comparison to the world: 212
[see also: Taxes and other revenues country ranks ]
-3.1% of GDP (FY99/00)
country comparison to the world: 123
[see also: Budget surplus (+) or deficit (-) country ranks ]
93.2% of GDP (2012 est.)
country comparison to the world: 16
[see also: Public debt country ranks ]
1 July - 30 June
2.6% (2012 est.)
country comparison to the world: 75
[see also: Inflation rate (consumer prices) country ranks ]
$NA
[see also: Market value of publicly traded shares country ranks ]
$67.3 billion (2012 est.)
country comparison to the world: 52
[see also: Exports country ranks ]
chemicals, electronics, apparel, canned tuna, rum, beverage concentrates, medical equipment
$49 billion (2012 est.)
country comparison to the world: 57
[see also: Imports country ranks ]
chemicals, machinery and equipment, clothing, food, fish, petroleum products
$56.82 billion (31 December 2010 est.)
country comparison to the world: 59
[see also: Debt - external country ranks ]
the US dollar is used
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 06-Nov-14