ECONOMIC INFORMATION

Population: 3.9m

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Population growth: 0.7%

 

Population density (people per sq. km): 439

UN Human Development Index ranking: n/a

Gross national income (current US$): n/a

Gross national income per capita: n/a

PPP Gross national income: $74.4bn (2003)

PPP Gross national income per capita: $19,076

GDP growth: 1.9% (2003)

GDP breakdown Agriculture: 0.7%, Industry: 42.8%, Services: 56.5%

Inflation (12-month average): 6.5% (2003)

Gross capital formation as % of GDP: n/a

Final consumption expenditure as % of GDP (growth): n/a

Exports of goods & services as % of GDP: 75.7%

Top 3 export markets: US, UK, Netherlands

Local industries: Pharmaceuticals, electronics, apparel, food, instruments, cement, tourism

WEF Growth Competitiveness ranking *: n/a

WEF Business Competitiveness ranking **: n/a

WEF Quality of the Business Environment ranking: n/a

Transparency International Corruption Perceptions ranking: n/a

Languages : Spanish (official) English

 

 

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FDI INFORMATION

 

Region: Central America

No. of projects (Jan-Sep 2004): 41

Market-share of projects in the region: 9.1%

Value of projects relative to GDP: 55%

Top 3 destination sectors: Logistics & distribution, business services, pharmaceuticals

Top 3 business functions: Logistics & distribution, retail, business services

Top 3 source countries: US, Spain, Australia

Top 3 investors: Amgen, Sol Melia Hotels & Resorts, Wal-Mart

 

IPA

 

 

Name: The Puerto Rico Industrial Development Company (PRIDCO)

 

Web address: www.pridco.com

* World Economic Forum Growth Competitiveness Ranking assesses an economy’s ability to grow consistently

** World Economic Forum Business Competitiveness Ranking assesses the microeconomic factors that contribute to economic growth

*** The difficulty of hiring workers and the difficulty and expense of firing workers is reflected as an index where the higher the value the more rigid the regulations