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Puerto Rico Economy 2011
https://theodora.com/wfb2011/puerto_rico/puerto_rico_economy.html
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


















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Page last updated on January 11, 2011

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. Encouraged by duty-free access to the US and by tax incentives, 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.)
country comparison to the world: 83

$68.84 billion (2009 est.)
$71.51 billion (2008 est.)
note: data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]

GDP (official exchange rate):
$93.52 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
-5.8% (2010 est.)
country comparison to the world: 213

-3.7% (2009 est.)
-2.8% (2008 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$16,300 (2010 est.)
country comparison to the world: 69

$17,400 (2009 est.)
$18,100 (2008 est.)
note: data are in 2010 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 1%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 45%
[see also: GDP - composition by sector - industry country ranks ]
services: 54% (2005 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
1.479 million (2007)
country comparison to the world: 133
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 2.1%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 19%
[see also: Labor force - by occupation - industry country ranks ]
services: 79% (2005)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
12% (2002)
country comparison to the world: 129
[see also: Unemployment rate country ranks ]

Population below poverty line:
NA%
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Budget:
revenues: $6.7 billion
[see also: Budget - revenues country ranks ]
expenditures: $9.6 billion (FY99/00)
[see also: Budget - expenditures country ranks ]

Inflation rate (consumer prices):
6.5% (2003 est.)
country comparison to the world: 170
[see also: Inflation rate (consumer prices) country ranks ]

Market value of publicly traded shares:
$NA
[see also: Market value of publicly traded shares country ranks ]

Agriculture - products:
sugarcane, coffee, pineapples, plantains, bananas; livestock products, chickens

Industries:
pharmaceuticals, electronics, apparel, food products, tourism

Industrial production growth rate:
NA%
[see also: Industrial production growth rate country ranks ]

Electricity - production:
23.72 billion kWh (2007 est.)
country comparison to the world: 68
[see also: Electricity - production country ranks ]

Electricity - consumption:
22.06 billion kWh (2007 est.)
country comparison to the world: 67
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2008 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2008 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
1,783 bbl/day (2009 est.)
country comparison to the world: 103
[see also: Oil - production country ranks ]

Oil - consumption:
164,100 bbl/day (2009 est.)
country comparison to the world: 63
[see also: Oil - consumption country ranks ]

Oil - exports:
16,520 bbl/day (2007 est.)
country comparison to the world: 94
[see also: Oil - exports country ranks ]

Oil - imports:
225,000 bbl/day (2007 est.)
country comparison to the world: 42
[see also: Oil - imports country ranks ]

Oil - proved reserves:
0 bbl (1 January 2010 est.)
country comparison to the world: 134
[see also: Oil - proved reserves country ranks ]

Natural gas - production:
0 cu m (2008 est.)
country comparison to the world: 141
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
806.6 million cu m (2008 est.)
country comparison to the world: 90
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2008 est.)
country comparison to the world: 140
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
806.6 million cu m (2008 est.)
country comparison to the world: 56
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
0 cu m (1 January 2010 est.)
country comparison to the world: 109
[see also: Natural gas - proved reserves country ranks ]

Exports:
$46.9 billion (2001)
country comparison to the world: 55
[see also: Exports country ranks ]

Exports - commodities:
chemicals, electronics, apparel, canned tuna, rum, beverage concentrates, medical equipment

Imports:
$29.1 billion (2001)
country comparison to the world: 61
[see also: Imports country ranks ]

Imports - commodities:
chemicals, machinery and equipment, clothing, food, fish, petroleum products

Debt - external:
$NA
[see also: Debt - external country ranks ]

Exchange rates:
the US dollar is used


NOTE: The information regarding Puerto Rico on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Puerto Rico Economy 2011 information contained here. All suggestions for corrections of any errors about Puerto Rico Economy 2011 should be addressed to the CIA.



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This page was last modified 09-Feb-11
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