or 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.

GDP (purchasing power parity):
$74.89 billion (2006 est.)

GDP (official exchange rate):
NA (2006 est.)

GDP - real growth rate:
0.5% (2006 est.)

GDP - per capita (PPP):
$19,100 (2006 est.)

GDP - composition by sector:
agriculture: 1%
industry: 45%
services: 54% (2002 est.)

Labor force:
1.3 million (2000)

Labor force - by occupation:
agriculture: 3%
industry: 20%
services: 77% (2000 est.)

Unemployment rate:
12% (2002)

Population below poverty line:
NA%

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices):
6.5% (2003 est.)

Budget:
revenues: $6.7 billion
expenditures: $9.6 billion; including capital expenditures of $NA
(FY99/00)

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

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

Industrial production growth rate:
NA%

Electricity - production:
24.14 billion kWh (2004)

Electricity - production by source:
fossil fuel: 99.2%
hydro: 0.8%
nuclear: 0%
other: 0% (2001)

Electricity - consumption:
22.45 billion kWh (2004)

Electricity - exports:
0 kWh (2004)

Electricity - imports:
0 kWh (2004)

Oil - production:
721.8 bbl/day (2004 est.)

Oil - consumption:
234,000 bbl/day (2004 est.)

Oil - exports:
NA bbl/day (2001)

Oil - imports:
NA bbl/day (2001)

Natural gas - production:
0 cu m (2004 est.)

Natural gas - consumption:
680 million cu m (2004 est.)

Natural gas - exports:
0 cu m (2004 est.)

Natural gas - imports:
680 million cu m (2004 est.)

Exports:
$46.9 billion f.o.b. (2001)

Exports - commodities:
chemicals, electronics, apparel