, FAO (associate), ICFTU,
INTERPOL (subbureau), IOC, WCL, WFTU, WHO (associate), WTO (associate)
Diplomatic representation in US:
none (commonwealth associated with the US)
US diplomatic representation:
none (commonwealth associated with the US)
Flag:
five equal horizontal bands of red (top and bottom) alternating with
white; a blue isosceles triangle based on the hoist side bears a large
white five-pointed star in the center; design based on the US flag

@Puerto Rico, Economy

Overview:
Puerto Rico has one of the most dynamic economies in the Caribbean
region. Industry has surpassed agriculture as the primary sector 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. Important industries
include pharmaceuticals, electronics, textiles, petrochemicals, and
processed foods. 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 for the island, with estimated arrivals of nearly 3
million tourists in 1989. Unemployment remains a severe problem at
18%.
National product:
GNP - purchasing power equivalent - $26.8 billion (1992 est.)
National product real growth rate:
NA%
National product per capita:
$7,100 (1992 est.)
Inflation rate (consumer prices):
2.1% (1992 est.)
Unemployment rate:
18% (1993 est.)
Budget:
revenues:
$5.8 billion
expenditures:
$5.8 billion, including capital expenditures of $258 million (1989
est.)
Exports:
$21.8 billion (1992)
commodities:
pharmaceuticals, electronics, apparel, canned tuna, rum, beverage
concentrates, medical equipment, instruments
partners:
US 88.3% (1990)
Imports:
$14.8 billion (1992)
commodities:
chemicals, clothing, food, fish, petroleum products
partners:
US 68.8% (1990)
External debt:
$NA
Industrial production:
growth rate 1.2% (FY92)
Electricity:
capacity:
5,040,000 kW
production:
16.1 billion kWh
consumption per capita:
4,260 kWh (1992)
Industries:
manufacturing accounts for 55.5% of GDP: manufacturing of
pharmaceuticals, electronics, apparel, food products, instruments;
tourism
Agriculture:
accounts for only 3% of labor force and less than 2% of GDP: crops -
sugarcane, coffee, pineapples,