28 March 2024 PUERTO RICO - BACKGROUND
                Translate to
Login
Logged user:
John Hamlin
Logout
BACKGROUND
Background
Geography
People & Climate
Culture & History
Life & Health
Education & Learning
History Timeline
News & Features
World Service
GOVERNMENT
Government & Politics
US Embassies
Economy
Economics
Foreign Policy & Aid
Trade Policy
Environment
Environmental Agreements
ECONOMIC SECTORS
Banking & Finance
Communications
Energy
Food & Agriculture
Industry & Technology
Science & Nature
Natural Resources
Transportation
RESEARCH DATA & STATS
Country Comparisons
International Issues
IMF Reports
Industry Reports
World Affairs
Market Data
UN Trade Stats
UNCTAD/WTO Stats
Stats - Graphs
OPPORTUNITIES
Business Opportunities
Trade Opportunities
Exports
Imports
Trade Performance
Trade Statistics
Research
Survey
HELP & GUIDANCE
Business
Trade
Model Contracts, Rules

Return to COUNTRY PROFILES




Government Type commonwealth
Legal System based on Spanish civil code and within the US Federal system of justice
Currency US dollar (USD)
Economic Overview 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 nearly 5 million tourists in 1999. Growth fell off in 2001-02, largely due to the slowdown in the US economy.
Natural Resources some copper and nickel; potential for onshore and offshore oil
Primary Industries pharmaceuticals, electronics, apparel, food products; tourism
Agricultural Products sugarcane, coffee, pineapples, plantains, bananas; livestock products, chickens
Import Commodities chemicals, machinery and equipment, clothing, food, fish, petroleum products
Export Commodities chemicals, electronics, apparel, canned tuna, rum, beverage concentrates, medical equipment
Export Partners US 88.2%, UK 1.5%, Dominican Republic 1.4% (2001)


AIRPORTS of Puerto Rico
Mercedita Airport Ponce 4km (2miles), Position 18 Detals
San Juan - Luiz Munoz Marin International Airport San Juan 5km (3miles), Position 18 Detals


Home | Login | Subscription |  About | Contact
Copyright 1993 - 2006
All Rights Reserved
Terms of Use Private Policy Acknowledgements Legal