_#_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
_*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. Important new 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. The economy is slowly recovering from the disruptions caused by Hurricane Hugo in September 1989. The tourism infrastructure was especially hard hit.
_#_GNP: $20.1 billion, per capita $6,100; real growth rate 3.6% (FY89)
_#_Inflation rate (consumer prices): 6.3% (October 1989-90)
_#_Unemployment rate: 14.9% (October 1990)
_#_Budget: revenues $5.5 billion; expenditures $5.5 billion, including capital expenditures of $1.5 billion (FY89)
_#_Exports: $16.4 billion (f.o.b., FY89);
commodities—pharmaceuticals, electronics, apparel, canned tuna, rum, beverage concentrates, medical equipment, instruments;
partners—US 87%
_#_Imports: $14.0 billion (c.i.f., FY89);