c Party [Celeste
BENITEZ]; National Republican Party of Puerto Rico [Luis FERRE]; New
Progressive Party or PNP [Pedro ROSSELLO]; Popular Democratic Party
or PPD [Hector Luis ACEVEDO]; Puerto Rican Independence Party or PIP
[Ruben BERRIOS Martinez]
Political pressure groups and leaders: Armed Forces for National
Liberation or FALN; Armed Forces of Popular Resistance; Boricua
Popular Army (also known as the Macheteros); Volunteers of the
Puerto Rican Revolution
International organization participation: Caricom (observer), ECLAC
(associate), FAO (associate), ICFTU, Interpol (subbureau), IOC, WCL,
WFTU, WHO (associate)
Diplomatic representation in the US: none (commonwealth associated
with the US)
Diplomatic representation from the US: none (commonwealth associated
with the US)
Flag description: 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 influenced by the US flag, but based on the Cuban flag
Puerto Rico Economy
Economy - overview: Puerto Rico has one of the most dynamic
economies in the Caribbean region. A diverse industrial sector has
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 1999. Prospects for 2001 are clouded by a
probable slowing down in both the construction and tourist sectors
and by increasing inflation, particularly in energy and food prices;
estimated growth will be 2%.
GDP: purchasing power parity - $39 billion (2000 est.)
GDP - real growth rate: 2.8% (2000 est.)
GDP - per capita: purchasing power parity - $10,000 (2000 est.)
GDP - composition by sector: agriculture: 1%
industry: 45%
services: 54% (1999 est.)
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices): 5.7% (2000 est.)
Labor force: 1.3 million (2000)
Labor force - by occupation: agriculture 3%, industry 20%, services
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