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Puerto Rico Economy 2015

SOURCE: 2015 CIA WORLD FACTBOOK AND OTHER SOURCES











Puerto Rico Economy 2015
SOURCE: 2015 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on June 20, 2014

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):
$64.84 billion (2010 est.)
country comparison to the world: 87

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

GDP (official exchange rate):
$93.52 billion (2010 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
-5.8% (2010 est.)
country comparison to the world: 218

-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: 84

$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 end use:
household consumption: 88.2%
government consumption: 14.6%
investment in fixed capital: 14%
investment in inventories: 0.1%
exports of goods and services: 106.9%
imports of goods and services: -123.8%

(2013 est.)

GDP - composition, by sector of origin:
agriculture: 0.7%
industry: 48.8%
services: 50.5% (2013 est.)

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

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

Industrial production growth rate:
0.5% (2013 est.)
country comparison to the world: 156
[see also: Industrial production growth rate country ranks ]

Labor force:
1.286 million (March 2012)
country comparison to the world: 137
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 2.1%
industry: 19%
services: 79% (2005)

Unemployment rate:
16% (2011 est.)
country comparison to the world: 144

12% (2002 est.)
[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%
highest 10%: NA%

Budget:
revenues: $6.7 billion
expenditures: $9.6 billion (FY99/00)

Taxes and other revenues:
7.2% of GDP (FY99/00)
country comparison to the world: 211
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-3.1% of GDP (FY99/00)
country comparison to the world: 126
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
96.5% of GDP (2013 est.)
country comparison to the world: 16

93.2% of GDP (2012 est.)
[see also: Public debt country ranks ]

Fiscal year:
1 July - 30 June

Inflation rate (consumer prices):
0.9% (2013 est.)
country comparison to the world: 19

2.6% (2012 est.)
[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 ]

Exports:
$69.75 billion (2013 est.)
country comparison to the world: 50

$67.3 billion (2012 est.)
[see also: Exports country ranks ]

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

Imports:
$47.32 billion (2013 est.)
country comparison to the world: 57

$49 billion (2012 est.)
[see also: Imports country ranks ]

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

Debt - external:
$56.82 billion (31 December 2010 est.)
country comparison to the world: 59

$52.98 billion (31 December 2009 est.)
[see also: Debt - external country ranks ]

Exchange rates:
the US dollar is used


NOTE: 1) The information regarding Puerto Rico on this page is re-published from the 2015 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Puerto Rico Economy 2015 information contained here. All suggestions for corrections of any errors about Puerto Rico Economy 2015 should be addressed to the CIA.
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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