State:
President William Jefferson CLINTON (since 20 January 1993); Vice President
Albert GORE, Jr. (since 20 January 1993)
Head of Government:
Governor Pedro ROSSELLO (since NA January 1993)
Member of:
CARICOM (observer), ECLAC (associate), FAO (associate), ICFTU, IOC, WCL,
WFTU, WHO (associate), WTO (associate)
Diplomatic representation in US:
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.
National product:
GNP - purchasing power equivalent - $22.8 billion (1991)
National product real growth rate:
2.2% (FY90)
National product per capita:
$6,200 (1991)
Inflation rate (consumer prices):
1.3% (October 1990-91)
Unemployment rate:
17% (1992 est.)
Budget:
revenues $5.8 billion; expenditures $5.8 billion, including capital
expenditures of $258 million (FY89)
Exports:
20.4 billion (1990)
commodities:
pharmaceuticals, electronics, apparel, canned tuna, rum, beverage
concentrates, medical equipment, instruments
partners:
US 87.8% (1990)
Imports:
16.2 billion (1990)
commodities:
chemicals, clothing, food, fish, petroleum products
partners:
US 66.6% (1990)
External debt:
$NA
Industrial production:
growth rate 1.2% (FY92)
Electricity:
5,040,000 kW capacity; 16,100 million kWh produced, 4,260 kWh per capita
(1992)
Industries:
manufacturing accounts for 55.5 % of GDP: manufacturing of pharmaceuticals,
electronics, apparel, food products, instruments; tourism
Agriculture:
accounts for only 3% of