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PUERTO RICO: UNSETTLED TERRITORY
CLICK TO GO TO DOCUMENTARY SITE
Puerto Rico’s Economy
$93.52 Billion Exchange Rate GDP: Ranked 61st out of 216 World Economies!
$46.9 Billion in Exports & $29.1 in Imports = Net Exporter by $17.8 Billion (37% Trade Surplus)
(Larger than the economies of fifteen U.S. States)
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. 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 more than 3.6 million tourists in 2008.
Economic Recession Has Shrunk PR Economy, but Growth is Expected Ahead.
GDP (purchasing power parity):
$64.84 billion (2010 est.)
$67.87 billion (2009 est.)
$71.07 billion (2008 est.)
$72.89 billion (2007 est.)
Note: data are in 2009 US dollars.Growth Since 2000:
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Founder of Statehood Movement
Dr. José Celso Barbosa y Alcalá
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Puerto Rico “U.S. State” Quarter
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LA CHULETA CONGELÁ' 