Central America and the Caribbean > Puerto Rico > Economy

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Agriculture > products sugarcane, coffee, pineapples, plantains, bananas, livestock products, chickens
Budget > Expenditures	$9,600,000,000.00		[61st of 165]
Budget > Revenues	$6,700,000,000.00		[67th of 166]
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 nearly 5 million tourists in 2004. Growth fell off in 2001-03, largely due to the slowdown in the US economy, recovered in 2004-05, but declined again in 2006-07.
Exchange rates	the US dollar is used
Exports	$46,900,000,000.00		[3rd of 189]
GDP	$65,210,000,000.00		[52nd of 203]
GDP (purchasing power parity)	$72,610,000,000.00		[75th of 187]
GDP > Composition by sector > Industry	45%		[5th of 146]
GDP > Real growth rate	-1.2%		[183rd of 198]
GDP deflator	652.12		[25th of 188]
GDP growth > annual %	5.58 annual %		[38th of 187]
GDP per capita > constant LCU	2711.98
Gross National Income	$42,052,000,000.00		[47th of 172]
Gross national income > constant LCU	9452016000
Imports	$29,100,000,000.00		[7th of 185]
Income category	High income: nonOECD
Inflation rate (consumer prices)	6.5%		[60th of 192]
International tourism, number of arrivals	3,686,000		[42nd of 190]
International tourism, number of departures	1,410,000		[42nd of 103]

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