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 4 million tourists in 1993. The construction sector has been a key factor in recent economic growth.
GDP: purchasing power parity-$32.9 billion (1997 est.)
GDP-real growth rate: 3% (1997 est.)
GDP-per capita: purchasing power parity-$8,600 (1997 est.)
GDP-composition by sector: agriculture: NA% industry: NA% services: NA%
Inflation rate-consumer price index: 5.5% (1997 est.)