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About
Puerto Rico
Puerto
Rico Population: 3,897,960 (July 2004 est.)
Languages: Spanish, English
Capital: San Juan
Government Type: Commonwealth of USA
Independence Day: none (commonwealth associated with the USA)
Legal System: Based on Spanish civil code and within the US
Federal system of justice.
Currency: US dollar (USD)
Executive
Branch:
Chief
of State: President George W. BUSH of the US (since 20 January
2001).
Head of Government: Governor Sila M. CALDERON (since 2 January
2001).
American
Embassy: None
Address: None
Phone: None Fax: None
General Overview: Populated for centuries by aboriginal peoples,
the island was claimed by the Spanish Crown in 1493 following
Columbus' second voyage to the Americas. In 1898, after 400
years of colonial rule that saw the indigenous population nearly
exterminated and African slave labor introduced, Puerto Rico
was ceded to the US as a result of the Spanish-American War.
Puerto Ricans were granted US citizenship in 1917. Popularly-elected
governors have served since 1948. In 1952, a constitution was
enacted providing for internal self government. In plebiscites
held in 1967, 1993, and 1998, voters chose to retain commonwealth
status.
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 2001-03, largely due to the slowdown in the US economy. GDP:
Definition Field Listing Rank Order.
Puerto
Rico also enjoys an important location along the Mona Passage
- a key shipping lane to the Panama Canal; San Juan is one of
the biggest and best natural harbors in the Caribbean; many
small rivers and high central mountains ensure land is well
watered; south coast relatively dry; fertile coastal plain belt
in north
International
Disputes:
None
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