al parties and leaders: National Democratic Party [William
MIRANDA]; National Republican Party of Puerto Rico ; New
Progressive Party or PNP ; Popular Democratic Party or
PPD ; Puerto Rican Independence Party or PIP
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
based on the US 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 for the island, with estimated arrivals of nearly 5
million tourists in 1999. Prospects for 2000 are good, assuming
continued strength in the tourism and construction sectors and
continuation of the US boom.
GDP: purchasing power parity - $38.1 billion (1999 est.)
GDP - real growth rate: 4.2% (1999 est.)
GDP - per capita: purchasing power parity - $9,800 (1999 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): 5.2% (1999 est.)
Labor force: 1.3 million (1996)
Labor force - by occupation: agriculture 3%, industry 20%, services
77% (1999 est.)
Unemployment rate: 13% (FY97/98 est.)
Budget:
revenues: $6.7 billion
expenditures: $9.6 billion, including capital exp
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