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Puerto Rico Economy 2012

SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES











Puerto Rico Economy 2012
SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 23,

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. 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.

GDP (purchasing power parity):
$64.84 billion (2010 est.)
country comparison to the world: 84

$68.84 billion (2009 est.)
$71.51 billion (2008 est.)
note: data are in 2011 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: 211

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

GDP - per capita (PPP):
$16,300 (2010 est.)
country comparison to the world: 73

$17,400 (2009 est.)
$18,100 (2008 est.)
note: data are in 2011 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: 131
[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: 127
[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 ]

Investment (gross fixed):
14.3% of GDP (2011 est.)
country comparison to the world: 168
[see also: Investment (gross fixed) country ranks ]

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

Taxes and other revenues:
7.2% of GDP (FY99/00)
country comparison to the world: 209
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-3.1% of GDP (FY99/00)
country comparison to the world: 108
[see also: Budget surplus (+) or deficit (-) country ranks ]

Inflation rate (consumer prices):
3.6% (2011 est.)
country comparison to the world: 77

2.5% (2010 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Commercial bank prime lending rate:
3.3% (31 December 2011 est.)
country comparison to the world: 179

3.25% (31 December 2010 est.)
[see also: Commercial bank prime lending rate 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:
20.92 billion kWh (2008 est.)
country comparison to the world: 69
[see also: Electricity - production country ranks ]

Electricity - consumption:
19.46 billion kWh (2008 est.)
country comparison to the world: 68
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
1,075 bbl/day (2010 est.)
country comparison to the world: 102
[see also: Oil - production country ranks ]

Oil - consumption:
150,000 bbl/day (2010 est.)
country comparison to the world: 66
[see also: Oil - consumption country ranks ]

Oil - exports:
19,230 bbl/day (2009 est.)
country comparison to the world: 89
[see also: Oil - exports country ranks ]

Oil - imports:
164,000 bbl/day (2009 est.)
country comparison to the world: 58
[see also: Oil - imports country ranks ]

Natural gas - production:
0 cu m (2009 est.)
country comparison to the world: 116
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
756.7 million cu m (2009 est.)
country comparison to the world: 91
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2009 est.)
country comparison to the world: 168
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
756.7 million cu m (2009 est.)
country comparison to the world: 63
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
0 cu m (1 January 2011 est.)
country comparison to the world: 183
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
$3.512 billion (2010 est.)
country comparison to the world: 40

$67.6 million (2009 est.)
[see also: Current account balance country ranks ]

Exports:
$75.74 billion (2011 est.)
country comparison to the world: 50

$68.86 billion (2010 est.)
[see also: Exports country ranks ]

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

Imports:
$46.61 billion (2011 est.)
country comparison to the world: 56

$41.43 billion (2010 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: 56

$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 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Puerto Rico Economy 2012 information contained here. All suggestions for corrections of any errors about Puerto Rico Economy 2012 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






This page was last modified 07-Mar-12
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