Puerto Rico Fact Sheet 2007

ndice - Index
Introduccin Territorio y Demografa Demografa Indicadores Macroeconmicos Consumo Ingreso Personal Inversin Servicios Pblicos Balanza de Pagos Comercio Exterior Turismo Ingresos del Gobierno Deuda Pblica Finanzas Precios Mercado Laboral Educacin Salud Comparacin con los Estados Comparacin Internacional Banco Gubernamental de Fomento Introduction Territory and Demographics Demographics Macroeconomic Indicators Consumption Personal Income Investment Utilities Balance of Payments External Trade Tourism Government Revenues Public Debt Finance Prices Labor Market Education Health Statewide Comparison with the States International Comparison Government Development Bank 2 3 5 7 11 12 13 16 17 18 25 27 28 29 33 35 39 41 42 45 46
Introduccin - Introduction
La economa mundial experiment una ligera desaceleracin durante el ao fiscal 2007, debido al leve debilitamiento que la economa norteamericana sufri en dicho ao. En particular, la economa de los Estados Unidos creci a una tasa anual real de 2.9 por ciento en el ao fiscal 2006, mientras que creci 2.2 por ciento en el ao fiscal 2007. Esto represent una reduccin en el estmulo para la economa mundial que tuvo su impacto en Puerto Rico. Los datos revisados de la Junta de Planificacin muestran que durante el ao fiscal 2007 el producto nacional bruto (PNB) tuvo un decrecimiento real de 1.8 por ciento en comparacin con el ao fiscal anterior, mientras que para el ao fiscal 2006 creci por slo 0.5 por ciento. Esta pobre ejecucin es el resultado de una recesin que comenz durante el primer trimestre de 2006 y que al presente (octubre de 2008) no ha terminado. Entre las causas de esta recesin se encuentran las alzas continuas de los precios del petrleo, los ajustes financieros que han sido necesarios para enfrentar la crisis hipotecaria en EE.UU., que ha tenido sus efectos directos en la economa local, y los ajustes fiscales durante los aos fiscales 2006 y 2007. Los indicadores econmicos a corto plazo ya disponibles para el ao fiscal 2008 reflejan que la economa contina en una fase de contraccin moderada que comenz para el primer trimestre de 2006. De este modo, se puede adelantar que los componentes ms importantes del producto nacional bruto de Puerto Rico mostrarn un decrecimiento para el ao fiscal 2008, y que las dificultades pueden extenderse durante algunos meses del ao fiscal 2009. El Puerto Rico en Cifras 2007 sirve como una gua de referencia rpida sobre la economa de Puerto Rico con una resea breve de los principales indicadores econmicos. Las tablas y grficos se actualizaron para reflejar los datos y el desempeo del ao fiscal 2007, el cual termin el 30 de junio de 2007. Short-term economic indicators already available for fiscal year 2008 show that the economy continues in a moderate contracting phase that began on the first quarter of 2006. Thus, we can anticipate that the most important components of Puerto Ricos GNP will move downward during fiscal year 2008, and that said trend could extend for several months into fiscal 2009. Puerto Rico in Figures 2007 is intended to serve as a quick reference guide to Puerto Ricos economy, with a brief description of all major economic indicators. The tables and graphs have been updated to show data and performance as of fiscal year 2007, which ended on June 30, 2007. Puerto Rico Planning Board revised data show that during fiscal year 2007 the gross national product (GNP) registered a 1.8 percent real reduction as compared to the previous fiscal year, while for fiscal 2006 it grew only 0.5 percent. This poor performance is the result of a recession that began during the first quarter of 2006 and that still persists as of October 2008. The causes for this recession include the continued increases in oil prices, the financial adjustments that have been necessary to manage the crisis in the mortgage market in the U.S., which have had direct impact on our local economy, and the fiscal adjustments made in fiscal years 2006 and 2007. The world economy experienced a slight deceleration during fiscal year 2007, due to the weaknesses experienced by the U.S. economy during the year. In particular, the United States economy advanced at a 2.9 percent real annual rate in fiscal year 2006, while it grew 2.2 percent in fiscal 2007. This represented a reduction in its stimulus on the world economy that had its impact on Puerto Rico.
Territorio y Demografa - Territory and Demographics

Puerto Rico es la ms oriental de las Antillas Mayores (18 15 N, 66 30 O) y es la cuarta isla ms grande en el Caribe, despus de Cuba, La Espaola (que comprende Repblica Dominicana y Hait) y Jamaica. La Isla est ubicada en la encrucijada entre Norte y Sur Amrica, justo a 3.5 horas de vuelo de Nueva York, 60 minutos de Caracas y a slo 4 das de navegacin de los puertos del Atlntico en Estados Unidos y los del Golfo de Mxico. El territorio de Puerto Rico incluye otras tres islas pequeas, Vieques, Culebra y Mona, adems de numerosos islotes y cayos. Puerto Rico cuenta con tres millones novecientos mil (3,900,000) habitantes; con aproximadamente una tercera parte de stos ubicados en la zona metropolitana de San Juan. El rea total de la Isla es de 3,435 millas cuadradas (9,000 km2), mide ciento diez millas de largo por treinta y nueve de ancho; tiene un interior montaoso rodeado por una amplia planicie costera donde vive la mayor parte de la poblacin. El promedio de precipitacin es de 69 pulgadas (175 Puerto Rico is the easternmost of the Greater Antilles (18 15 N, 66 30 W), and the fourth largest island in the Caribbean after Cuba, Hispaniola (which comprises the Dominican Republic and Haiti), and Jamaica. The Island is located at the crossroads between North and South America, at just 3.5 hours airtime from New York, 60 minutes from Caracas, and at only 4 days sailing from Atlantic ports in the U.S. and ports in the Gulf of Mexico. The Puerto Rican territory includes other three small islands, Vieques, Culebra and Mona, as well as numerous islets and keys. Three million and nine hundred thousand (3,900,000) people live in Puerto Rico, approximately one third of them within the San Juan metropolitan area. The Island, with an area of 3,435 square miles (9,000 sq. km)110 miles long by 39 miles widehas a mountainous interior and is surrounded by a wide coastal plain where the majority of the population lives. Rainfall averages 69 inches (175 cm) per year and year-around temperatures
Crecimiento poblacional por municipio del 2000 al 2007

Population Growth by Municipality from 2000 to 2007
Quebradillas
Ha ti
Aguadilla
Isabela
celo neta
llo
Bar
Camuy
Moca
Arecibo
Manat
Vega Baja
Dorado Vega Alta
Toa Baja
Cata
o
San Juan
Loza Carolina
Aasco Las Maras Mayagez Maricao Hormigueros Cabo Rojo San Germn Sabana Grande Lajas Gunica
Ciales Lares Utuado Jayuya Adjuntas
Morovis Corozal
ya
nc
Canvanas
Naranjito
s Comero
Ba
San Sebastin
Ri
Guaynabo
Aguada
Flor
ida
Toa Alta
Trujillo Alto Gurabo Caguas
Ro Grande
Luquillo Fajardo
Orocovis
Ba
rra
ita nqu
Aguas Buenas Cidra
Juncos
sP ied s ra
Naguabo
Ceiba
Villalba Yauco
ay an
Aibonito Coamo Cayey
San Lorenzo
La
Humacao
Peuelas
a ill
Ponce
Yabucoa
Arroyo
Juana Daz Santa Isabel Salinas Guayama
Patillas
Gu
Maunabo Culebra
Vieques
Menos de 0% Less than 0% 0% 5.00%
5.01% 10.00% 10.01% 15.00%
15.01% 20.00% 20.01% 25.00%
25.01% 30.00%
Censo 1990 Censo 2000 Estimado 2007 1990 Census 2000 Census 2007 Estimated Puerto Rico ........... 3,522,037 .......3,808,610 ... 3,941,459
cm) al ao y las temperaturas durante el ao promedian los 74F (23C) en el invierno y 81F (27C) en el verano. En 1917 los residentes de Puerto Rico advinieron a ser ciudadanos estadounidenses y en el 1952 Puerto Rico aprob su constitucin, estableciendo el Estado Libre Asociado de Puerto Rico, un territorio perteneciente a los EE.UU. organizado de forma autnoma. La Constitucin del Estado Libre Asociado de Puerto Rico (ELA) es similar a la de los Estados Unidos y provee para que se elija un gobernador y una legislatura bicameral en elecciones cada cuatro aos. La moneda, el sistema bancario y el sistema postal en la Isla estn integrados a los sistemas estadounidenses. Como los estados de EE.UU., Puerto Rico tiene un sistema jurdico local. Adems, Puerto Rico constituye un Distrito dentro del Sistema Jurdico Federal y muchas de las agencias federales estn representadas en la Isla. Puerto Rico, sin embargo, tiene su propio sistema de rentas internas y no est sujeto a contribuciones federales. Los idiomas oficiales de Puerto Rico son el espaol y el ingls. range from an average of 74F (23C) in the winter and 81F (27C) in the summer. In 1917 the people of Puerto Rico became U.S. citizens and in 1952 Puerto Rico ratified its Constitution, which established the Commonwealth of Puerto Rico, a political status placing Puerto Rico within the United States constitutional system. The Commonwealths Constitution is similar to that of the United States and provides for a governor and a bicameral legislature subject to elections every four years. The currency, banking, and postal systems of Puerto Rico are within the U.S. system. As in U.S. states, Puerto Rico has a local judicial system. Puerto Rico constitutes a District in the Federal Judiciary and has its own U.S. district court. Also, most U.S. federal agencies are represented on the Island. Puerto Rico, however, has its own internal revenue system and is not subject to U.S. taxes. Spanish and English are the official languages of Puerto Rico.
Adjuntas ........................... 19,451 ...............19,143............ 18,467 Aguada ............................. 35,911 ...............42,042............ 45,624 Aguadilla ......................... 59,335 ...............64,685.............67,167 Aguas Buenas .................. 25,424 ...............29,032.............31,356 Aibonito .......................... 24,971 ...............26,493.............27,132 Aasco ............................. 25,234 ...............28,348.............30,134 Arecibo* .......................... 93,385 .............100,131...........102,471 Arroyo ............................. 18,910 ...............19,117.............19,008 Barceloneta* .................... 20,947 ...............22,322............ 23,038 Barranquitas ..................... 25,605 ...............28,909.............30,369 Bayamn ....................... 220,262 .............224,044.......... 220,574 Cabo Rojo ....................... 38,521 ...............46,911.............52,957 Caguas ........................... 133,447 .............140,502...........142,949 Camuy ............................. 28,917 ...............35,244............ 39,361 Canvanas ....................... 36,816 ...............43,335.............47,222 Carolina* ....................... 177,806 .............186,076...........187,564 Catao ............................. 34,587 ...............30,071.............26,532 Cayey .............................. 46,553 ...............47,370.............47,358 Ceiba ............................... 17,145 ...............18,004............ 17,847 Ciales .............................. 18,084 ...............19,811............ 20,567 Cidra ............................... 35,601 ...............42,753.............47,935 Coamo ............................ 33,837 ...............37,597............ 39,529 Comero ........................... 20,265 ...............20,002............ 19,354 Corozal ............................ 33,095 ...............36,867.............38,832 Culebra .............................. 1,542 .................1,868.............. 2,113 Dorado ............................ 30,759 ...............34,017............ 36,345 Fajardo ............................ 36,882 ...............40,712.............42,180 Florida* ............................. 8,689 ...............12,367............ 15,608 Gunica ........................... 19,984 ...............21,888.............22,795 Guayama ......................... 41,588 ...............44,301.............45,250 Guayanilla ....................... 21,581 ...............23,072.............23,730 Guaynabo ....................... 92,886 .............100,053...........102,804 Gurabo ............................ 28,737 ...............36,743.............42,965 Hatillo ............................. 32,703 ...............38,925............ 43,071 Hormigueros ................... 15,212 ...............16,614.............17,517 Humacao ......................... 55,203 ...............59,035.............60,669 Isabela ............................. 39,147 ...............44,444............ 47,772 Jayuya ............................. 15,527 ...............17,318.............18,284 Juana Daz ....................... 45,198 ...............50,531.............52,968 Juncos ............................. 30,612 ...............36,452.............40,695
Censo 1990 Censo 2000 Estimado 2007 1990 Census 2000 Census 2007 Estimated
Lajas ................................ 23,271 ...............26,261.............27,829 Lares................................. 29,015 ...............34,415............ 37,615 Las Maras .......................... 9,306 ...............11,061............ 12,099 Las Piedras ...................... 27,896 ...............34,485............ 39,260 Loza ............................... 29,307 ...............32,537............ 33,699 Luquillo ........................... 18,100 ...............19,817............ 20,518 Manat* ............................ 38,692 ...............45,409.............49,377 Maricao ............................. 6,206 .................6,449...............6,337 Maunabo ......................... 12,347 ...............12,741.............12,677 Mayagez ...................... 100,371 ...............98,434............ 93,702 Moca ............................... 32,926 ...............39,697.............44,299 Morovis ........................... 25,288 ...............29,965.............32,648 Naguabo ......................... 22,620 ...............23,753.............24,314 Naranjito ......................... 27,914 ...............29,709.............29,974 Orocovis .......................... 21,158 ...............23,844.............24,838 Patillas ............................. 19,633 ...............20,152.............20,002 Peuelas .......................... 22,515 ...............26,719.............29,297 Ponce ............................ 187,749 .............186,475.......... 180,332 Quebradillas .................... 21,425 ...............25,450............ 27,866 Rincn ............................. 12,213 ...............14,767............ 16,391 Ro Grande ....................... 45,648 ...............52,362............ 56,337 Sabana Grande ................ 22,843 ...............25,935............ 27,533 Salinas ............................. 28,335 ...............31,113............ 32,146 San Germn .................... 34,962 ...............37,105............ 37,585 San Juan* ....................... 437,745 .............434,374...........424,801 San Lorenzo .................... 35,163 ...............40,997............ 44,372 San Sebastin ................... 38,799 ...............44,204.............47,524 Santa Isabel ...................... 19,318 ...............21,665............ 22,801 Toa Alta ............................ 44,101 ...............63,929.............79,772 Toa Baja .......................... 89,454 ...............94,085............ 94,944 Trujillo Alto ...................... 61,120 ...............75,728.............85,662 Utuado ............................ 34,980 ...............35,336.............34,567 Vega Alta.......................... 34,559 ...............37,910.............39,572 Vega Baja ........................ 55,997 ...............61,929.............64,581 Vieques ............................. 8,602 .................9,106...............9,262 Villalba ............................ 23,559 ...............27,913............ 30,052 Yabucoa .......................... 36,483 ...............39,246.............40,532 Yauco .............................. 42,058 ...............46,384.............48,229
* * Municipios que sufrieron cambios en sus lmites geogrficos previo al Censo 2000. Municipalities that suffered changes in their geographical limits prior to the 2000 Census.
Demografa - Demographics
Poblacin
Population
3,950 3,900 3,850 3,800 3,750 3,700
Miles Thousands
Esperanza de vida al nacer por gnero

Life Expectancy at Birth by Gender
1.2
Miles Thousands % cambio % change
Matrimonios y divorcios
Marriages & Divorces
18
16.9 Matrimonios 16.0 Marriages 15.7 15.1 14.3 13.413.6 12.9 13.1 13.3 12.8 12.7 12.9 12.6 12.3 12.5 12.9 12.3 11.7 11.7 11.0
Divorcios Divorces
85 80 75 70 65 60 55 50 45 40 35
81.1 77.5
1.0 0.75 0.56 0.45 0.53 0.55 0.52 0.8
67.1 71.9 69.4 69.0 75.2 72.0 69.9 76.9 73.1 69.7 78.5 74.1 72.3 79.9 76.1 72.9 80.7 76.8
1.03
Varones Male
Hembras Female
Ambos sexos Both
16
Tasa por 1,000 habitantes de 15 aos o ms Rate per 1,000 inhabitants 15 years and over
73.7
14 12 10 8 6 4 2 0
0.47
0.41 0.44 0.38
0.4 0.2
* Average of population estimates at the beginning and at the end of the fiscal year. % cambio % change
59.5 62.4 60.9
* Promedio de los estimados de poblacin al principio y al final 0.6 del ao fiscal.
5.9
7.1 6.9 6.9 6.2 6.2 6.0 6.4 5.5 5.3 5.4 4.9 4.9 5.3 4.7 4.7 5.2 5.75.7 5.6 5.6 5.3 5.5 5.1 4.7 4.9 4.7 4.9 5.0
9.3 9.7 8.9 8.4 9.3 7.7 8.6 7.8
3,742
3,770
3,791
3,808
3,828
3,849
3,869
3,887
3,903
3,920
3,935
3,650 3,600
'97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07
0.0
Edad Age
'50
'60
'70
'80
'90
'00
'01
'02
'77 '79 '81 '83 '85 '87 '89 '91 '93 '95 '97 '99 '01 '03 '05
Crecimiento natural de la poblacin

Natural Population Growth
18 16 14 12 10 8 6 4 2 0 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 9.3 7.7 8.1 7.9 8.0 7.7 8.1 7.5 17.1 16.0 15.7 15.6
Mortalidad materna
Maternal Death
25 25 21.7 19.5 20.2 20.2 19.5 17.6 18.4 17.1 17.2 17.4 15.7 15.6 13.8 14.2 13.8 12.6 9.5 6.1 7.8 8.9 7.6 5.9 20 15 10 5 0
Mortalidad infantil
Infant Death
14.6
13.7
13.1 13.2 13.0
12.4 12.7
Tasa por 100,000 nacidos vivos Rate per 100,000 live births
7.5 7.1
7.3 6.4
7.3 5.8
7.5 5.7
7.6 5.4
7.2 7.4 5.2 5.4
Muertes por cada 1,000 habitantes Deaths per 1,000 inhabitants Aumento natural por cada 1,000 habitantes Natural increase per 1,000 inhabitants
10 5 0
10.8 8.2 5.3
11.5
6.6
'77 '79 '81 '83 '85 '87 '89 '91 '93 '95 '97 '99 '01 '03 '05
Tasa por 100,000 nacidos vivos Rate per 100,000 live births
Nacimientos por cada 1,000 habitantes Births per 1,000 inhabitants
20 16.8 15 13.3
20.119.9 19.0
18.5 18.6 17.3 17.2 15.7 14.9
14.214.3 13.4 13.0 13.4 12.7 13.7 11.4 12.6 12.7 11.5 10.5 10.5 10.69.9 9.8 9.3 9.8 9.2 8.1
'77 '79 '81 '83 '85 '87 '89 '91 '93 '95 '97 '99 '01 '03 '05
El ao fiscal del gobierno de Puerto Rico comienza el 1 de julio y termina el 30 de junio del ao siguiente. Puerto Ricos economic or fiscal year begins on July 1st and ends on June 30 of the next year.
Pirmide poblacional
Population Pyramid
Age Edad 80 + 75 79 70 74 65 69 60 64 55 59 50 54
Estimado de poblacin por edad y gnero, 2007

Midyear Population by Age and Gender , 2007
Censo de poblacin 2000 2000 Population Census
Edad Age
0- 4 5-9 10-14 15-19 20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59
Varones Male
126,565 141,865 153,762 150,460 143,785 139,539 132,615 126,460 124,996 120,414 110,157 105,847 92,694 73,767 57,612 41,078 51,158 1,892,774
Hembras Female
121,059 135,984 146,341 145,661 142,705 143,990 139,551 135,738 139,574 138,845 129,569 125,855 110,849 88,772 71,948 55,108 78,906 2,050,455
Ambos sexos Both sexes

247,624 277,849 300,103 296,121 286,490 283,529 272,166 262,198 264,570 259,259 239,726 231,702 203,543 162,539 129,560 96,186 130,064 3,943,229 Fuente: Al 1ro de julio. Negociado del Censo Federal, Base de datos internacional. Source: As of July 1st. U.S. Bureau of the Census, International Data Base.
Proyeccin de poblacin al 1ro de julio de 2007 2007 Projected Midyear Population Proyeccin de poblacin al 1ro de julio de 2020 2020 Projected Midyear Population
Varones Male
45 49 40 44 35 39 30 34 25 29 20 24 15 19 10 14 59 04 %
Hembras Female
60-64 65-69 70-74 75-79 80+
ndice de dependencia demogrfica

Age-Dependency Ratio
Poblacin menor de 15 aos + Poblacin mayor de 64 aos Population under 15 + Population over 64 Poblacin de 15 a 64 aos Population ages 15 to 64
* 100 = 51.7
Total
Indicadores Macroeconmicos - Macroeconomic Indicators

( Millones de $) Producto nacional bruto Crecimiento anual - % Producto nacional bruto - (Precios del 2000) Crecimiento anual - % Producto interno bruto Crecimiento anual - % Ingreso personal (per cpita- en dlares) Ingreso promedio por familia (en dlares) Nmero promedio de personas por familia Fuente: Junta de Planificacin de Puerto Rico. 1998 35,110.7 8.6 38,658.7 3.2 54,086.4 12.2 34,340.2 9,108 30,967.8 3.4 1999 38,281.2 9.0 40,228.0 4.1 57,841.0 6.9 36,614.5 9,659 32,841.6 3.4 2000 41,418.6 8.2 41,418.6 3.0 61,701.8 6.7 38,855.7 10,204 34,692.7 3.4 2001 44,046.6 6.3 42,045.9 1.5 69,208.4 12.2 41,079.5 10,732 36,488.0 3.4 2002 45,071.3 2.3 41,902.2 (0.3) 71,623.5 3.5 42,038.6 10,921 37,132.0 3.4 2003 47,479.4 5.3 42,796.7 2.1 74,827.4 4.5 44,215.6 11,429 37,716.0 3.3 2004 50,708.7 6.8 43,968.4 2.7 79,209.4 5.9 45,565.9 11,724 38,688.0 3.3 2005 53,752.4 6.0 44,820.1 1.9 82,808.5 4.5 48,820.2 12,507 41,273.0 3.3 2006 56,732.9 5.5 45,062.8 0.5 86,942.6 5.0 51,089.9 13,033 41,707.0 3.2 2007 58,712.4 3.5 44,253.2 (1.8) 89,701.2 3.2 53,083.7 13,491 43,173.0 3.2 (Million $) Gross National Product Annual Growth - % Gross National Product - (2000 prices) Annual Growth - % Gross Domestic Product Annual Growth - % Personal Income (per capita - in dollars) Average Family Income (in dollars) Average number of persons per family Source: Puerto Rico Planning Board.
Producto Nacional Bruto - Gross National Product

Las cuentas nacionales nos ofrecen un panorama del desempeo general de la economa y de las tendencias en algunos de sus principales sectores. Dos de las medidas agregadas principales son el producto interno bruto (PIB) y el producto nacional bruto (PNB). La Junta de Planificacin de Puerto Rico publica las cuentas nacionales detalladas anualmente, a base del ao fiscal que va del 1ro de julio al 30 de junio. El PIB y el PNB son medidas ntimamente relacionadas. El PIB captura la produccin total generada en los lmites territoriales de Puerto Rico durante un ao, es decir, el valor del trabajo realizado por empleados, compaas y personas que trabajan por cuenta propia. Este trabajo genera un ingreso, pero no todo ese ingreso generado en Puerto Rico permanece aqu como propiedad de los residentes de la Isla. Por otro lado, hay residentes de Puerto Rico que devengan ingresos fuera de la Isla. El total de los ingresos que permanecen como propiedad de los residentes de Puerto Rico constituye al PNB, que difiere del PIB por la cantidad neta de ingresos enviados fuera de la Isla o recibidos del exterior. En el caso de Puerto Rico, por tres dcadas la cantidad de ingreso generado en la Isla que es propiedad de individuos o compaas con base en el exterior ha excedido la cantidad devengada por residentes de Puerto Rico en el exterior, debido principalmente a las ganancias generadas por compaas estadounidenses o extranjeras que operan en la Isla. Por consiguiente, nuestro PIB es mayor que nuestro PNB. El PIB ha aumentado a travs de los aos y en el ao fiscal 2007 fue 53 por ciento, $31,000 millones, mayor que el PNB. La economa de Puerto Rico, a efectos monetarios, opera como una regin de los Estados Unidos. A tal efecto, salvo el precio del petrleo, las variables exgenas principales estn ntimamente ligadas a los Estados Unidos. stas incluyen: exportaciones, inversin directa, pagos de transferencias, tasas de inters, inflacin y gastos tursticos. The National Accounts give us a picture of the general performance of the economy and of the trends in some of its most important sectors. Two of the principal aggregate measures are Gross Domestic Product (GDP) and Gross National Product (GNP). The Puerto Rico Planning Board publishes the detailed National Accounts annually, on a fiscal year basis, which runs from July 1 to June 30. GDP and GNP are closely related measures. GDP captures the total output of the economy within the Puerto Rico territorial boundaries in a year, i.e., the value of work done by employees, companies and self-employed persons. This work generates incomes but not all of the income earned in the Puerto Ricos economy remains as property of residents of the Island. By the same token, Puerto Ricos residents may earn some income abroad, rather than generated locally. The total income remaining with Puerto Ricos residents is the GNP and it differs from GDP by the net amount of incomes sent to or received from abroad. In Puerto Ricos case, for three decades the amount of income generated in the Island that is the property of individuals or companies based abroad has exceeded the amount earned by Puerto Rico residents abroad due mainly to the profits of U.S. and foreign-owned companies operating on the Island. Therefore, our GDP is greater than our GNP. The GDP has grown over the decades and in fiscal year 2007 was 53 percent, or $31 billion, higher than the GNP. Puerto Ricos economy operates, in monetary terms, as a region within the U.S. In this sense it should be noted that, except for the price of oil, all the main exogenous variables are closely linked to the U.S. These are: exports, direct investment, transfer payments, interest rates, inflation, and tourist expenditures.
Identidad del PNB

GNP Identity
Demanda interna Sector externo Domestic Demand FY 2007 Real Growth Rates -1.8 1.8 -3.2 0.1 -3.8 -0.5 External Sector
PNB = C + I + G + (X - M)
Tasas de crecimiento real ao fiscal 2007 -1.8 1.8 -3.2 0.1 -3.8 -0.5
GNP = C + I + G + (X - M)
Producto nacional bruto por origen

(Precios del 2007) Gross National Product by Source (2007 Prices)
Ventas netas al resto del mundo Net Sales Rest of the World Inversin interna bruta Gross Domestic Investment Gastos de consumo del gobierno Government Consumption Expenditures Gastos de consumo personal Personal Consumption Expenditures PNB GNP 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 (10,000) (20,000) (30,000)
Millones de $ Million $
'97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07
Crecimiento real del producto nacional bruto y la demanda interna

(Precios del 2007) Real Growth in Gross National Product & Domestic Demand
(2007 Prices)
Demanda interna Domestic Demand Millones de $ Million $ PNB GNP 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 -1,000 -2,000 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07
Crecimiento Real del Producto Nacional Bruto por Origen Real Gross National PRoduct Growth by Source
Durante el ao fiscal 2007, la economa de Puerto Rico experiment una contraccin, luego de la desaceleracin que reflej para el ao fiscal 2006. La recesin actual, que se ha extendido durante todo el ao fiscal 2008, se ha difundido a travs de varios sectores de la economa. Entre los factores que precipitaron esta contraccin econmica est el notable incremento que se registr por cuatro aos consecutivos (desde el ao fiscal 2003 al ao fiscal 2006) en el precio del barril de petrleo, y su estabilizacin a un nivel alto durante el ao fiscal 2007. Tomando como referencia el costo por barril de petrleo del West Texas Intermediate, los crecimientos fueron de doble dgito. En particular, 26.3 por ciento, 12.8 por ciento, 44.4 por ciento y 31.8 por ciento para los aos fiscales que van desde el 2003 hasta el 2006. Durante el ao fiscal 2007 se experiment una ligera baja de 1.3% en el precio del barril, pero el alza continu a doble dgito durante el ao fiscal 2008. En trminos macroeconmicos esto significa que de un gasto en las importaciones de petrleo y sus derivados de $1,675 millones en el ao fiscal 2002 aument a $5,228 millones en el ao fiscal 2007. Esto implica que la economa ha tenido que destinar $3,553 millones ms al consumo de petrleo y sus derivados en los ltimos cinco aos, mientras que antes se dedicaban a otros bienes y servicios afectndose as otros componentes de la demanda interna. La contraccin del PNB real durante el ao fiscal 2007 fue de 1.8% segn el estimado preliminar de la Junta de Planificacin. Esta reduccin se debi mayormente a la disminucin en la inversin real y en las ventas reales al resto del mundo, que reflejaron tasas de -3.2 por ciento y -3.8 por ciento, respectivamente. In fiscal year 2007 Puerto Ricos economy experienced a contraction, after the deceleration seen in fiscal year 2006. The current recession, which has extended through the entire fiscal year 2008, has affected several sectors of the economy. Among the factors that set off this economic contraction is the notable increase registered in the price of oil in the last four years (from fiscal 2003 to fiscal 2006), and its stabilization at a high price in fiscal year 2007. Using as reference the West Texas Intermediate price, it registered double digit increments. More specifically, increments of 26.3 percent, 12.8 percent, 44.4 percent, and 31.8 percent were registered for fiscal years 2003 to 2006. In fiscal year 2007 there was a slight decrease of 1.3% in the price of oil, but the two-digit increment trend continued during fiscal year 2008. In macroeconomic terms this means that the amount spent importing oil and derivative products grew from $1.7 billion in fiscal year 2002 to $5.2 billion in fiscal year 2007. This implies that the economy must now allocate $3.6 billion more for oil and derivative products consumption, whereas said funds were previously used in other goods and services, hence affecting other components of internal demand. According to the preliminary estimate of the Puerto Rico Planning Board, during fiscal year 2007 the real GNP contracted by 1.8%. This reduction was due mainly to the decline in real investment and in real sales to the rest of the world, which registered rates of -3.2 percent and -3.8 percent, respectively.
7 6 5 4 3 2
% Cambio % Change % Cambio % Change Gastos de consumo personal Personal Consumption Expenditures
8 6 4 2 0 -2 -4 -6 -8 20
Gastos de consumo de gobierno Government Consumption Expenditures
1 0 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07
Inversin interna bruta Gross Domestic Investment
'97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07
Ventas al resto del mundo Sales Rest of the World
% Cambio % Change
% Cambio % Change
40 35 30 25 20 15 10 5 0 -5 -10
15 10 5 0 -5
'97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 12 10 8 6 4 2 0 -2
'97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07
Compras al resto del mundo Purchases Rest of the World
'97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07
Producto Nacional Bruto - Gross National Product

La distribucin del PNB por categora de demanda final interna refleja un balance exterior neto de -27 por ciento lo que muestra un alto grado de apertura econmica. Los rendimientos de capital externo son relativamente altos, debido mayormente a la presencia de las industrias farmacuticas y biotecnolgicas. The GNP composition by final internal demand category reflects a net external balance of -27 percent, which shows a high degree of economic openness. The external capital yields are relatively high due mainly to the presence of pharmaceutical and biotechnology industries.
Indicadores econmicos de Puerto Rico

(Como por ciento del valor de Estados Unidos) Puerto Rico Economic Indicators
(As a percent of United States Level)
90
Por ciento de participacin del PNB por categora de demanda final, 2007
Percent Share of GNP by Final Demand Category, 2007
Exportaciones Exports
80
PIB por trabajador GDP per Worker
70 Compensacin promedio por trabajador Average Compensation per Worker
128.1 88.4
Otros - Others Rendimientos de capital - Income on Investment Gastos de visitantes - Visitors Expenditures Mercancas - Merchandise
60
50 PNB por trabajador GNP per Worker Ingreso personal per cpita Personal Income per Capita
20.4
17.9
40
Consumo Consumption
Inversin Investment
Gobierno Government Mercancas Merchandise Rendimientos de capital Income on Investment Otros Others
30
20
-154.8
Importaciones Imports
10 '56 '59 '62 '65 '68 '71 '74 '77 '80 '83 '86 '89 '92 '95 '98 '01 '04 '07
10
Consumo - Consumption
Gastos de consumo personal por tipo principal de producto
Personal Consumption Expenditures by Major Type of Product
16.4% '07 '06 '05 '04 '03 '02 '01 '00 '99 '98 '97 0% 20% Alimentos y bebidas Food & Beverage Ropa y cuidado personal Clothing & Personal Care Vivienda y mantenimiento del hogar Housing & Household Operations 40% 60% 80% 100% Educacin y recreacin Education & Recreation Viajes al exterior Foreign Travel Compras miscelneas Misc. Purchases 8.2% 26.2% 15.0% 5.4% 11.4% 12.0% 2.9% 2.4%
Gastos de consumo personal

Por ciento de participacin Personal Consumption Expenditures
Percent Share
Duraderos Durable No duraderos Non Durable Servicios Services Por ciento Percent
70 60 50 40 30 20 10 0 '51 '55 '59 '63 '67 '71 '75 '79 '83 '87 '91 '95 '99 '03 '07
Gastos de consumo personal 2007
Duraderos Durable 10.9%
Por ciento de participacin Personal Consumption Expenditures 2007

Percent Share
Servicios Services 49.2% No duraderos Non Durable 39.9%
Servicios mdicos y funerarios Medical Care & Funeral Expenses Servicios comerciales Business Services Transporte Transportation
11
Ingreso Personal - Personal Income

El ingreso personal se compone del ingreso por produccin, que consiste de la suma de salarios y jornales, ms los ingresos de negocios propios (principalmente ganancias) y los pagos de transferencias a individuos, que provienen del gobierno local (principalmente pagos hechos por el gobierno para la tarjeta del seguro de salud) y del gobierno federal. Los pagos de transferencias del gobierno federal a individuos sumaron $10,829 millones en el ao fiscal 2007, lo cual represent 66 por ciento del total de transferencias recibidas por individuos. Sin embargo, el 82 por ciento de dichas transferencias corresponden a beneficios adquiridos (Seguro Social, Medicare, beneficios de veteranos y pensiones de retirados del servicio civil en el gobierno de los Estados Unidos). El restante 18 por ciento ($1,926 millones durante el ao fiscal 2007) corresponde a donativos (becas, subsidios para prstamos estudiantiles, subsidios de vivienda, asistencia nutricional, etc.). Personal income is composed of income from production, which is the sum of salaries and wages, plus proprietors income (primarily profits) and transfer payments to persons, which come from the local government (primarily the amounts paid by the government for the health insurance card) and the federal government. Transfer payments from the federal government to persons totaled $10.8 billion in fiscal year 2007, which represented 66 percent of total transfer payments received by individuals. Nevertheless, 82 percent of said transfers correspond to earned benefits (Social Security, Medicare, Veterans benefits, and United States Civil Service retirement pensions). The remaining 18 percent ($1.9 billion for fiscal 2007) relate to grants (Scholarships, Student Loan Subsidies, Housing Assistance, Nutritional Assistance, etc.).
Ingreso Personal
(PRecios de 2007) Personal Income
(2007 Prices)
Regalas federales Federal Grants Otro ingreso * Other Income * Ingreso de produccin Income from Production
60 50 40 30
Miles de millones de $ Billion $
20 10 0 '81 '83 '85 '87 '89 '91 '93 '95 '97 '99 '01 '03 '05 '07
* Incluye beneficios adquiridos locales y federales. * Includes federal & local earned benefits.
Transferencias Federales a las Personas 2007

Federal Transfer to Persons 2007
Asistencia nutricional Food Stamps Beneficios adquiridos Earned Benefits Regalas Grants
76.4%
82.2% $8,902.5 MM
17.8%
Becas Scholarships
15.0% Total $10,828.5 MM $1,926.0 MM

Otros Others
8.6%
12
Inversin - Investment
La inversin fija, que se compone de la inversin en construccin y en maquinaria y equipo, fue uno de los principales promotores de la expansin econmica registrada durante la segunda mitad de la dcada pasada. Ambos indicadores alcanzaron niveles sin precedentes. Pero, como se esperaba, dichos niveles eran insostenibles y los niveles de inversin retornaron a cifras ms razonables, aunque el impacto no fue uniforme a travs de todo el gasto de inversin. Salvo en el ao fiscal 2004, la inversin en construccin ha mostrado tasas de crecimiento real negativas desde el ao fiscal 2001 hasta el ao fiscal 2007. La tasa de crecimiento anual promedio para la inversin en construccin desde el ao fiscal 2001 al 2007 fue -4.7 por ciento en trminos reales. Por otra parte, la inversin en maquinaria y equipo ha desarrollado un patrn diferente, mostrando un panorama ms alentador. La inversin real en maquinaria y equipo mostr tasas de crecimiento de dos dgitos durante varios aos de la dcada pasada mayormente debido a la inmensa cantidad de proyectos pblicos de infraestructura. El nivel extraordinario alcanzado en el 1999 se pudo mantener durante los aos fiscales subsiguientes, con pequeas bajas en los aos 2001, 2002 y 2005. Para este sector, la tasa de crecimiento anual promedio desde el ao fiscal 2000 al ao fiscal 2007 fue de 2.2 por ciento en trminos reales. Ms an, durante el ao fiscal 2007, en medio de la recesin, la inversin en maquinaria y equipo aument por 2.5 por ciento en trminos reales. Estos aumentos significativos a finales del perodo se debieron a proyectos en el sector privado y en el pblico. La proporcin de la inversin interna bruta de capital fijo con respecto al PNB, una medida clave de la tasa de inversin de un pas, fue de 19.9 por ciento en el ao fiscal 2007. Un factor importante para el desarrollo econmico es la efectividad de la inversin para generar ms expansiones y actividad econmica. Fixed investment, composed of construction and machinery and equipment (M&E) investment, was a major driving force behind the economic expansion of the second half of the last decade. Both indicators reached record levels. But as expected, those levels were unsustainable and investment levels declined returning to more reasonable figures, although the impact was not the same across the entire sector. With the exception of fiscal year 2004, construction investment has shown negative real growth rates from fiscal year 2001 up to fiscal year 2007. The average annual growth rate for construction investment from fiscal year 2001 to fiscal year 2007 was -4.7 percent in real terms. On the other hand, M&E investment has developed a different pattern with a positive outlook. Real M&E investment showed double-digit growth rates during several years of the previous decade due mainly to huge public infrastructure projects. The extraordinary level reached in 1999 was more or less maintained in the following fiscal years, with small declines in 2001, 2002 and 2005. For this sector, the average annual growth rate from fiscal year 2000 to fiscal year 2007 was 2.2 percent in real terms. Moreover, during fiscal year 2007, amidst a recession, M&E investment grew by 2.5 percent in real terms. These significant increases were due to the development of several private and public projects. The gross fixed domestic investment share of the GNP, a key measure of a countrys rate of investment, was 19.9 percent in fiscal year 2007. An important factor for economic development is the effectiveness of investment and its capacity to generate further expansions and economic activity.
Inversin como por ciento del PNB

Investment Share of GNP
Por ciento Percent
35 30 25 20 15 10 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 30.0 26.4 26.0 28.6 26.5
25.2 23.9 23.6
22.1
20.6 19.9
Inversin interna bruta de capital fijo

(Millones de $) Gross Fixed Domestic Investment (Million $)
Construccin Construction Maquinaria y equipo Machinery & Equipment
Inversin en Maquinaria y equipo

Machinery & Equipment Investment 7,000
3,604.5 234.4
Pblico Public Privado Private Millones de $ Milion $ % Cambio % Change
'07 '06 '05 '04 '03 '02 '01 '00 '99 '98 '97 0%
5,798.8 6,028.6 6,513.6 6,595.9 6,334.6 6,491.2 6,756.9 6,849.3 6,551.4 5,355.4 4,689.8 25%
50%
5,883.8 5,665.6 5,387.9 5,365.3 5,027.5 4,864.4 4,927.1 5,003.3 4,926.1 3,762.7 3,838.9 75% 100%
5,504.0 161.5
286.2
240.8
222.0 5,661.8 '07
35 30 25 20 15 10 5 0 -5
% Cambio % Change
4,771.7 231.5
4,737.0 190.2
3,568.4 194.4
4,000 3,000 2,000 1,000 0
'97 '98
4,687.3
'99
'00
'01
'02
'03
5,079.1 '04
5,147.2 '05
5,000
4,671.7 192.7
4,760.1 267.5
238.9
6,000
'06
13
La inversin real en construccin creci a paso acelerado durante la segunda mitad de la dcada pasada, registrando el rcord de $8,106 millones en el ao fiscal 2000, a precios del ao fiscal 2007. Dichos niveles de inversin eran insostenibles, como han demostrado las cifras de aos subsecuentes. La inversin real en construccin de vivienda continu creciendo luego del ao fiscal 2000, y registr $2,827 millones en el ao fiscal 2002. Luego de ese pico, se redujo a $2,452 millones en el ao fiscal 2005, aument ligeramente en el ao fiscal 2006, y volvi a contraerse durante el ao fiscal 2007, alcanzando la cifra de $2,405 millones, lo cual represent una merma real de 7.1 por ciento en ese ao fiscal. La inversin en construccin de viviendas aument dramticamente su proporcin con respecto a la inversin total en construccin, de 26.0 por ciento en el ao fiscal 1996 a 41.5 por ciento en el ao fiscal 2007. Por otra parte, la inversin real en construccin de edificios industriales y comerciales disminuy de su pico de $4,357 millones en el ao fiscal 2000 a $2,590 millones en el ao fiscal 2007, bajando su proporcin de 53.7 por ciento a 44.7 por ciento durante esos aos. Esta reduccin dramtica se relaciona con la reduccin en la manufactura, un resultado a largo plazo de la eliminacin del incentivo contributivo especial que el gobierno federal conceda a las compaas estadounidenses que establecan su produccin manufacturera en la Isla. La inversin pblica en construccin ha intentado balancear esa merma, pero la magnitud de la inversin no ha sido suficiente.
Real construction investment advanced at an accelerated pace during the second half of the previous decade, reaching a record level of $8.1 billion in fiscal year 2000, at fiscal year 2007 prices. Those investment levels were unsustainable, as subsequent years showed. Real housing construction investment continued growing after fiscal year 2000, and reached a level of $2.8 billion in fiscal year 2002. After that peak, it declined to $2.5 billion in fiscal year 2005, increased slightly in 2006 and declined again in fiscal year 2007 to $2.4 billion, a real decrease of 7.1 percent in the fiscal year. Housing construction increased dramatically its share, from 26.0 percent of total construction investment in fiscal year 1996 to 41.5 percent in fiscal year 2007. On the other hand, real construction investment on industrial and commercial buildings has dropped from a peak of $4.4 billion in fiscal year 2000 to $2.6 billion in fiscal year 2007, reducing from a 53.7 percent share of total investment to 44.7 percent during those years. This sharp decline is related to the decline in the manufacturing activity, a long-term result of the elimination of the special tax incentive that the federal government used to grant to U.S. companies that established operations on the Island. Though we have tried to offset that reduction with public construction investment, the magnitude of public investment has not been enough.
1,087.9
1,312.3
1,117.5
1,148.0
1,102.0 3,100.2 2,311.5
988.7
2,973.7
2,494.2 2,521.1
2,846.4
3,000
2,089.7
1,905.8
2,166.5
2,400.1
2,340.2
2,277.8
1,000 0
'97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07
Valor real de la inversin en construccin (Precios del 2007)

Real Construction Value
(2007 Prices)
Pblico Public Privado Private
Inversin real en construccin

Real Construction Investment
19.7 12.2
'07 '06 '05 '04 '03 '02 '01 '00 '99 '98 '97 0
2,517.6 2,776.2 3,047.9 3,063.2 2,928.3 2,832.0 2,976.4 3,071.2 3,383.3 3,523.9 3,418.8 2,000
3,281.3 3,412.7 3,863.4 4,356.4 4,417.0 4,814.7 5,042.4 5,034.6 4,489.0 3,052.2 2,485.0 4,000 6,000 8,000 10,000
11.4
% Cambio % Change
3.0
1.0 -1.1 -4.6 -3.9 -6.9 -10.5 -6.3
'97
'98 '99
'00
'01
'02 '03
'04
'05 '06
2,404.7 '07
*Incluye los sectores pblico y privado. *Include private and public sectors.
2,000
14
1,459.2 2,577.1
3,681.2
Vivienda* Housing*
3,149.4
3,601.8
3,230.2
2,589.9
Edificios industriales y comerciales* Commercial & Industrial Buildings*
5,000 4,000
1,242.4 2,439.6 1,007.8
1,319.2
Carreteras, escuelas y otras obras pblicas Highways, Schools & Other Pub. Const.
804.2
6,000
1,013.3
Construction Value
7,000
1,262.2
Valor de la construccin
8,000
Inversin - Investment
La inversin del sector privado en construccin, an con la ayuda de un ambiente de bajas tasas de inters, registr seis bajas consecutivas durante los aos fiscales del 2002 al 2007, cayendo al nivel de $3,281 millones. Sin embargo, en los cinco aos fiscales anteriores-1996 a 2001la inversin privada en construccin creci por ms del doble, o en un 115 por ciento en trminos reales. A pesar de las bajas registradas del 2002 al 2007, la porcin de inversin privada en construccin ha excedido la de inversin pblica desde el ao fiscal 1999. En resumen, en los ltimos siete aos la inversin en el sector de la construccin ha registrado reducciones en seis aos y aument slo en el 2004. Por lo tanto, este sector contina registrando niveles de inversin menores a los del ao 2000 y tardar varios aos ms en recuperarse. Private sector construction investment, even aided by a low interest rate environment, registered six consecutive declines from fiscal years 2002 to 2007, falling to a nominal level of $3.3 billion. However, in the five prior fiscal years, 1996 to 2001, private construction investment more than doubled, growing 115 percent in real terms. In spite of the drops from fiscal years 2002 to 2007, the share of private construction activity has exceeded that of public investment since fiscal year 1999. The bottom line for the construction investment sector during the last seven years is that it declined in six years and only registered an increase in fiscal year 2004. Therefore, this sector is still below the levels of investment registered in fiscal year 2000, and it will take several years to recover.
Inversin Corriente en Construccin

Nominal Construction Investment
Total Total Privado Private Pblico Public
10 8 6 4 2 0 -2 -4
% Cambio % Change
7.8 5.0 4.1 1.7 5.5
-2.4 -6.8 '03 '04
-1.2 -3.8 -6.0 -7.4 -5.9 -8.7 '06
-1.3
-6 -8 -10
-6.9 '07
'05
Inversin pblica en construccin

Public Construction Investment
'06 '07 AEE PREPA ACT PRHTA AAA/AFI PRASA/PRIFA Municipios Municipalities Vivienda Housing Crceles Prisons Escuelas Schools Otras Others
Inversin privada en construccin

Private Construction Investment
'06 '07 Vivienda Housing Comercial Commercial
524.4 585.1 243.8 394.0 418.4 418.5 417.2

Millones de $ Milion $
2,217.7 2,102.0 393.9 275.7 152.9 480.6 75.9 47.7

Millones de $ Milion $
540.8
Hoteles Hotels Industrial Industrial Farmacuticas Pharmaceuticals Telecomunicaciones Telecommunications Plantas cogeneradoras Cogeneration Plants
303.4 302.8 7.5 11.5 162.0 110.1 306.2 476.1
260.9 184.8 211.9 190.3 0.0 0.0 11.1 0.2
Otras Others
15
Servicios Pblicos - Utilities

Consumo de Agua
Water Consumption
Millones de metros cbicos Million Cubic Meters % Cambio % Change
Generacin de Energa Elctrica

Electric Energy Generation
Millones de kVh Million kwh % Cambio % Change
Consumo de Energa Elctrica

Electric Energy Consumption
Comercial Commercial Residencial Residential Industrial Industrial Otro Other % Cambio % Change
365
26,000
10
25,000
10
393.6
393.6
4,177.4
4,092.1
4,089.1
3,854.8
5,939.2
340
Millones de metros cbicos Million Cubic Meters
5,480.4
6,068.1
16,000 -2
6,385.1
10,000
6,632.0
6,907.3
7,280.5
345
20,199.8
7,437.8
7,250.4
7,243.8 8,909.5
18,000 -1 2
7,338.2
350
3,880.5
20,000 0 4
15,000
4,090.6
4,018.7
3,875.0
3,963.4
453.3
355
4,241.8
4,136.3
478.0
448.4
22,000
462.7
489.6
20,000 6
478.5
476.7
429.5
360
382.1 '07
24,000
5,000 19,142.3 20,725.6 21,461.4 22,132.0 22,563.0 23,717.1 24,100.1 24,500.2 24,870.0
Millones de kVh Million kwh Millones de kVh Million kwh
6,329.9
6,821.7
7,206.4
7,583.1
7,862.8
8,166.8
8,400.2
8,498.6
341.9
343.1
348.0
349.6
348.3
349.2
350.5
359.0
356.2
360.4
350.3
-3
%Cambio % Change
12,000
%Cambio % Change
8,734.5
335
25,080.6
6,721.0
14,000
-2
-2
%Cambio % Change
330 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07
-4
10,000 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07
-4
0 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06
-4
16
Balanza de Pagos - Balance of Payments

(Millones de $) Ventas de artculos y servicios, total Mercanca ajustada Transportacin Gastos de visitantes Rendimientos de capital Gastos netos de funcionamiento de las agencias federales en Puerto Rico Servicios miscelneos Compras de artculos y servicios, total Mercanca ajustada Transportacin Gastos de viaje Rendimientos de capital Servicios miscelneos Saldo de las transacciones en artculos y servicios Transferencias unilaterales, netas Inters neto del Gobierno de E.L.A. y los municipios Balance en artculos y servicios; intereses del Gobierno del E.L.A. y los municipios; y transferencias unilaterales Movimientos netos de capital, total Transacciones desconocidas Fuente: Junta de Planificacin de Puerto Rico. 1998 37,885.6 32,510.6 755.4 2,232.9 1,086.9 775.1 524.9 51,004.3 26,375.2 1,654.6 874.0 20,826.4 1,274.0 1999 41,857.0 36,565.0 667.7 2,138.5 1,048.7 792.8 644.3 57,062.1 31,921.2 1,761.7 814.5 21,389.5 1,175.2 2000 46,148.4 40,345.7 640.1 2,387.9 1,017.6 903.1 854.1 60,256.1 34,084.3 1,876.4 931.0 22,185.5 1,179.0 2001 55,444.8 49,038.9 636.0 2,728.1 1,098.7 953.9 989.2 68,869.8 37,394.7 1,948.2 1,003.5 27,185.8 1,337.7 2002 55,824.2 49,610.1 506.9 2,486.4 1,025.9 1,019.2 1,175.7 69,552.4 36,740.6 1,849.2 928.2 28,553.7 1,480.7 2003 62,683.0 56,334.7 492.3 2,676.6 1,011.5 1,047.5 1,120.4 76,529.5 42,506.7 2,067.5 985.2 29,344.6 1,625.5 2004 66,369.5 59,447.4 494.9 3,024.0 1,201.7 959.3 1,242.1 80,460.9 44,910.3 2,164.4 1,085.1 30,661.0 1,640.2 2005 68,247.1 59,900.5 512.5 3,238.6 2,000.3 1,163.2 1,432.0 83,344.1 45,998.9 2,365.7 1,142.5 32,140.0 1,697.1 2006 73,654.1 64,999.2 517.4 3,369.3 2,455.6 1,114.0 1,198.7 88,790.6 50,138.0 2,442.2 1,204.8 33,702.1 1,303.5 2007 74,863.9 66,077.1 528.8 3,413.9 1,998.6 1,062.3 1,783.2 90,512.5 51,334.5 2,541.5 1,192.4 34,013.8 1,430.4 (Million $) Sales of goods and services, total Merchandise, adjusted Transportation Visitors expenditures Income on investments Net operating expenditures of federal agencies in Puerto Rico Miscellaneous services Purchases of goods and services, total Merchandise, adjusted Transportation Travel expenditures Income on investments Miscellaneous services Balance on goods and services transactions Net unilateral transfers Net interest of the Commonwealth and municipal governments Balance on goods and services, unilateral transfers, and interest of the Commonwealth and municipal governments Net capital movements, total Unknown transactions Source: Puerto Rico Planning Board.
(13,118.6) (15,205.2) (14,107.7) (13,425.0) (13,728.2) (13,846.5) (14,091.4) (15,097.0) (15,136.5) (15,648.6) 7,456.4 (251.7) 9,089.4 (291.5) 8,484.2 (280.3) 9,021.4 (332.6) 9,723.5 (416.2) 10,161.1 (421.0) 9,469.4 (378.8) 9,651.6 (355.0) 10,376.7 (336.1) 11,129.8 (342.2)
(5,914.0) 5,513.3 400.7
(6,407.3) 2,947.8 3,459.5
(5,903.7) 2,517.3 3,386.4
(4,736.2) 6,558.1 (1,821.9)
(4,420.9) 205.6 4,215.3
(4,106.5) 858.6 3,247.8
(5,000.9) 8,488.7 (3,487.9)
(5,800.4) 5,631.4 169.0
(5,095.9) (64.4) 5,160.3
(4,861.0) 4,078.6 782.4
17
Comercio Exterior - External Trade

Puerto Rico tiene una economa abierta, con exportaciones e importaciones por un valor que sobrepasa los $105,000 millones en mercancas. Se importa la mayora de la materia prima y productos de petrleo que se necesitan para produccin y consumo. Puerto Rico has an open economy, exporting and importing more than $105 billion worth of goods every year. Most of the raw materials and petroleum products needed for production and consumption are imported.
Comercio de mercancas registradas

Recorded Merchandise Trade
Exportaciones Exports Importaciones Imports Balance Comercial Trade Balance
Economic Openness, 2007
Apertura econmica 2007

348.1
80 60 40 20 0 23.9 30.3 34.9 38.5 46.9 47.2 60.1 60.0 55.2 55.1 56.5
118.3
Por ciento Percent
130.9
(21.8) (27.0) (21.4) (29.0) (38.9) (25.3) (20) (29.2) (42.6) (33.8) (38.9) (45.3) (40) (60) '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07
22.5
E.U. U.S.
30.4
Japn Japan
55.7
62.1
75.1
81.3
Canad Canada
Mxico Corea del Sur Irlanda Mexico South Corea Ireland
Taiwn Puerto Rico Singapur Taiwan Puerto Rico Singapore
Apertura econmica = (Exportaciones + Importaciones) / PIB Economic Openness = (Exports + Imports) / GDP
Crecimiento del comercio de mercanca registradas

Recorded Merchandise Trade Growth
Exportaciones % de cambio Exports % Change 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 4.37 26.42 15.29 10.21 21.93 0.58 16.97 -0.17 2.66 6.32 -0.18 Importaciones % de cambio Imports % Change 12.21 1.92 16.07 6.89 7.79 -0.57 16.44 15.25 0.02 9.57 6.18
Clasificacin econmica de las importaciones de mercancas ajustadas

Economic Classification Adjusted Merchandise Imports
Bienes de consumo Consumer Goods Bienes de capital Capital Goods Otra materia prima Other Raw Materials Miles de millones de $ Billion $ Petrleo Petroleum
Clasificacin industrial de las exportaciones de mercancas registradas

Industrial Classification Recorded Merchandise Exports
Otras exportaciones Other Exports
60 50 40 30 20 6.2 2.2 7.2 6.1 3.0 2.2 6.7 2.9 7.2 7.3 2.9 2.7 7.3 2.9 7.2 8.6 3.1 3.1 8.3 3.4
70 60 50 40
9.0 3.3
Maquinaria, elctrico y electrnico Machinery, Electrical & Electronic Qumicos Chemicals
22.3 25.0 25.0 10 14.0 16.5 20.4 0 1.8 '97 1.6 '98 1.3 '99 2.2 '00 2.3 1.7 '01 '02
29.9 32.0 30.4
33.0 34.5
Textiles y ropa Apparel & Textiles Alimentos y bebidas Food & Beverage
30 20 10 0 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07
2.5 '03
2.6 4.0 '04 '05
4.8 '06
5.2 '07
18
Comercio con los Pases con Acuerdos Comerciales Regionales Trade with Countries Participating in Regional Trade Agreements
NAFTA Countries
Exportaciones Exports Millones de $ Million $ Importaciones Imports Balance comercial Trade Balance
50,000 40,000 30,000 20,000 10,000 0 (10,000) (20,000) (30,000)
47,052.6
46,701.3
Pases del TLC
60,000
49,975.1
Amrica Latina
Latin America
Exportaciones Exports Importaciones Imports Balance comercial Trade Balance
600 400 200 0 (200) (400) (600) (800) (1,000) (603.0) (604.8) (1,095.0) (1,051.4) (1,036.1) 05 06
Mercosur Mercosur
103.6 124.2 120.0
277.0 86.0 53.6 100.2
222.5
360.5
(19,633.1) 05
(22,128.6) 06
(23,283.1) 07
(1,200) (1,400)
(1,030.0) 05 06 07 05
(824.6) (1,222.3) 06
(805.8)
07
07
Amrica Central y el Caribe

Central America and the Caribbean
1,500 1,000 500 0 (500) (1,000)
Comunidad Andina Andean Community
Grupo de los Tres Group of Three
1,153.2 1,036.0 887.7 558.6 309.6 223.5 485.5 277.2 506.4
Unin Europea
10,000 6,017.0 5,000 0 (5,000) (10,000) (15,000) 05 06 6,053.5
8,636.9
European Union
(303.8) (690.2) (648.5) 05 06 (554.8)
(285.0)
(305.7) (624.2) (724.1) (731.0) 07
07
05
06
07
05
06
(10,486.4)
(11,006.1)
(12,238.6) 07
Rep. Dominicana TLCAC Dominican Rep. CAFTA
CARICOM CARICOM
Iniciativa de la Cuenca del Caribe Caribbean Basin Initiative
19
Comercio Exterior - External Trade

Exportaciones Principales (Millones de $) Medicamentos en dosis medidas para venta al detal* Antidepresivos, tranquilizantes y otros agentes psiquitricos Preparaciones para manufacturar bebidas Medicamentos cardiovasculares Anticonvulsivos, hipnticos y sedantes Otras partes artificiales del cuerpo, partes y accesorios Piezas y accesorios para mquinas y unidades de ADP Marcapasos para estimular los msculos cardacos, Exc. Pts. Partes y Accesorios para maquinaria de entrada 8471 Otras fracciones de sangre* Otros medicamentos (Ex. bienes de entradas 3002/3005, etc.) Compuesto con un anillo libre de piridina, etc.* Instrumentnos y equipos mdicos, quirrgicos, etc.* Analgsicos, antipirticos, anti-inflamatorios sin hormonas, etc. Interruptores de circuito automticos =< 1000 V, Caja Moldeada Importaciones Principales (Millones de $) Compuestos heterocclicos usados como drogas Medicamentos cardiovasculares Medicamentos en dosis medidas para venta al detal* Otros medicamentos (Ex. bienes de entradas 3002/3005, etc.) Gasolina Aceites combustibles Vehculos de motor para pasajeros, nuevos Petrleo crudo Compuestos organofosfricos Agentes lactmicos* Disel Piperidina con aro de piridina no fusionado, etc.* Instrumentos y equipos quirrgicos, etc. * Amino alcoholes aromticos, etc., usados como medicamentos* Otros aminocidos no aromticos *No especificado o inluido en ninguna otra categora NESOI - Not elsewhere specified or included Major Exports (Million $) Medicaments in Measured Doses for Retail Sale, NESOI Antidepressants, Tranquilizers and Other Psych Agt Preparations for Manufacture of Beverages Cardiovascular Medicaments Anticonvulsants, Hypnotics & Sedatives Other artificial parts of the body, parts & accessories Parts & Accessories For ADP Machines & Units Pacemakers for Stimulating Heart Muscles, Exc. Pts Parts & Accessories for Machines of Heading 8471 Other Blood Fractions, NESOI Other Medicaments (Exc. Goods of Hds. 3002,3005 etc.) Compounds containing an unfused pyridine ring, etc., NESOI Instruments & Appliances for Medical, Surgical, etc., NESOI Analgesics, Antipyretics and Nonhormonal Anti-Infl., Etc. Automatic Circuit Breakers =< 1000 V, Molded Case Major Imports (Million $) Heterocyclic Compounds Used as Drugs Cardiovascular Medicaments Medicaments in Measured Doses for Retail Sale, NESOI Other Medicaments (Exc. Goods of Heading 3002, 3005 etc.) Gasoline Fuel Oils Passenger Motor Vehicle, New Crude Petroleum Organo-Phosphorus Compounds Lactams, NESOI Diesel Piperidine, Containing Unfused Pyridine Ring, NESOI Instruments & Appliances for Medical, Surgical, etc., NESOI Aromatic Amino-Alcohols, Etc. Used as Drugs, NESOI Other Non-Aromatic Amino-Acids Fuente: Junta de Planificacin de Puerto Rico. Source: Puerto Rico Planning Board. 2006 16,886.8 3,592.7 3,314.8 7,389.7 1,403.8 660.4 2,827.2 2,738.1 35.3 1,130.8 793.7 940.3 536.1 506.8 2006 2,816.1 4,159.2 3,101.2 765.1 1,934.6 1,661.8 1,303.1 893.5 913.3 558.1 597.8 3.2 397.4 93.2 442.6 2007 16,803.2 4,405.7 3,442.3 3,139.1 1,860.6 1,786.0 1,763.4 1,759.8 1,276.6 1,266.7 1,229.1 1,141.2 980.6 839.7 687.0 2007 4,104.6 3,713.2 2,979.1 2,236.2 1,671.3 1,443.8 1,110.3 1,004.8 710.7 562.4 501.6 450.7 445.3 386.5
Exportaciones de Puerto Rico

Puerto Rican Exports
Estados Unidos - United States Pases Bajos - Netherlands Alemania - Germany Blgica - Belgium Singapur - Singapore Repblica Dominicana Dominican Republic Reino Unido - United Kingdom Japn - Japan Francia - France Espaa - Spain Australia - Australia Mxico - Mexico Islas Vrgenes EE.UU. U.S. Virgin Islands China - China Taiwn - Taiwan 70.2 2,763.8 2,356.7 2,046.3 635.5 2,013.9 1,464.1 1,119.2 849.7 987.6 887.0 935.0 693.8 526.6 458.3 358.9 410.2 353.6 46,324.0 49,651.8
'07 '06
Importaciones de Puerto Rico

Puerto Rican Imports
Estados Unidos - United States Irlanda - Ireland Japn - Japan Islas Vrgenes EE.UU. U.S. Virgin Islands Nigeria - Nigeria Alemania - Germany Brasil - Brazil China - China Singapur - Singapore Repblica Dominicana Dominican Republic Italia - Italy Reino Unido - United Kingdom Argentina - Argentina Canad - Canada Colombia - Colombia 1,661.3 1,834.9 1,377.5 1,486.1 903.5 169.5 871.9 903.0 '07 672.9 676.4 644.9 '06 566.7 612.2 592.7 485.7 596.4 417.1 458.9 409.4 513.4 Millones de $ 361.1 329.1 Million $ 337.4 323.4 316.1 317.7 22,662.4 21,502.9 9,492.6 7,950.2
280.8 145.1 271.3 172.1 172.0 184.5 129.7 73.7 122.9 71.3
20
Principales Socios Comerciales - Major Traders

Comercio Exterior con Estados Unidos
External Trade with United States
55,000 45,000 35,000 25,000 15,000 5,000
Millones de $ Million $ (5,774.9) (7,615.1) (9,005.5) (1,744.6) (1,864.0) (2,592.6)(1,925.8)(2,437.3) (1,910.5) (1,744.4) (2,618.4) (1,128.4) (15,000) (1,109.5) (1,268.6) (1,229.2) (5,986.4) (6,573.4) (6,770.5) Exportaciones Exports 3,022.9 3,644.8 5,408.8 3,508.2 31,118.3
Comercio Exterior con Irlanda

External Trade with Ireland
2,000
Exportaciones Exports Otras exportaciones 1,000 Other Exports Qumicos - Chemicals
Comercio Exterior con Japn

External Trade with Japan
3,145.9 4,567.3 5,691.7 3,787.0 32,459.9
3,056.7 4,062.4 5,094.1 3,601.7 30,509.2
Otras exportaciones - Other Exports Manuf. misc. - Misc. Mfg. Prod. computadoras y electrnicos Computer & Electronic Prods. Alimentos - Food Qumicos - Chemicals Qumicos - Chemicals Alimentos - Food Prod. computadoras y electrnicos Computer & Electronic Prod. Equipos de transportacin Transportation Equipment Manuf. misc. - Misc. Mfg. Otras importaciones - Other Imports Balance comercial - Trade Balance
0 (2,000) (4,000)
47.7
260.3
47.4
128.2
30.9
13.2
(7,699.1)
(7,939.3)
(9,459.9)
Qumicos - Chemicals Otras importaciones Other Imports Balance comercial Trade Balance
500 0
114.3 189.6 (751.3) (656.0) (137.5)

118.9 339.4 (960.5) (740.3) (134.1) '06
166.2 360.4 (912.0)
Otras exportaciones Other Exports Qumicos - Chemicals Qumicos - Chemicals Equipo de transportacin Transportation Equipment Otras importaciones Other Imports Balance comercial Trade Balance
(500) (1,000) (1,500) (2,000)
(5,000)
(6,000) (8,000) (17.7)

Importaciones
(11.0) (9.2) '06 '07
(626.8) (122.6)
(25,000)
(10,000) Imports
'05
'06
'07
'05
'05
'07
Comercio Exterior con Pases Bajos

External Trade with Netherlands
Comercio Exterior con Blgica

External Trade with Belgium
3,000 2,500 2,000 1,500 1,000

2,500 193.2 253.4 1,910.0 263.5 174.2

Otras exportaciones Other Exports Prod. de computadoras y electrnicos Computer & Electronic Prod. Qumicos - Chemicals Prods. de bebidas y de tabaco Beverage & Tobacco Prod. Otras importaciones Other Imports Balance comercial Trade Balance
2,000 1,500 1,000 500

49.9 46.1 1,964.0
137.7 335.7 1,327.3
21.6
Otras exportaciones Other Exports Qumicos Chemicals Qumicos Chemicals Otras importaciones Other Imports Balance comercial Trade Balance
2,326.1
1,313.9
1,418.0
500 0 (71.3) (143.9)

Imports
(500) Importaciones '05
(67.7)(173.9)
(68.1)(135.9)
0 (500)
(290.1) (30.6)
(102.4) (79.1)
(89.4)(27.1)
'06
'07
'05
'06
'07
21
Comercio Exterior con Alemania

External Trade with Germany
2,500 2,000 1,500 1,000 500 0
Millones de $ Million $ Exportaciones Exports Otras exportaciones Other Exports Prod. computadoras y electrnicos Computer & Electronic Prod. Qumicos Chemicals Qumicos Chemicals Maquinaria Machinery Otras importaciones Other Imports Balance comercial Trade Balance
Comercio Exterior con Islas Vrgenes

External Trade with U.S. Virgin Islands
400 200 0 (200) (400) (600) (800)
Millones de $ Million $ (1,208.6) (1,459.9) (1,372.9) Exportaciones Exports 13.342.212.9 31.9 14.5 79.5 13.3 35.3 40.1 16.3 76.5 18.2 15.8 42.6 18.9 Otras exportaciones Other Exports Manufactura misc. Misc. Mfg. Productos de petrleo y de carbn Petroleum & Coal Products Qumicos - Chemicals Equipo de transportacin Transportation Equipment Millones de $ Million $ Productos de petrleo y de carbn Petroleum & Coal Products Otras importaciones Other Imports Balance comercial Trade Balance
Comercio Exterior con Singapur

External Trade with Singapore
1,500 1,000 500 0 (500) (1,000) (1,500)
Exportaciones Exports Otras exportaciones Other Exports Prod. computadoras y electrnicos Computer & Electronic Prod. Qumicos - Chemicals Qumicos - Chemicals Otras importaciones Other Imports Balance comercial Trade Balance
34.8 545.9 51.5 375.6 208.4 (652.1) (101.3) (149.6) 1,465.6 (670.5) (100.6) (100.9)
16.3 28.0 558.2 263.4 (569.4) (23.3) 617.9 484.9 (592.0) (20.3)
37.5 564.2 6.3 (929.5) (27.2)

(500) (1,000) (1,500)
41.2 324.5 178.8 (678.1) (62.8) (87.1)

(1,000) (1,200) (1,400) (1,600)

(56.1) Importaciones Imports (26.2) (4.5)
'05
'06
'07
'05
'06
'07
'05
'06
'07
Comercio Exterior con Francia

External Trade with France
800 700 600 500 400 300 200 100 0 (100) (200) (300)
Comercio Exterior con Repblica Dominicana

External Trade with Dominican Republic
1,200 1,000 800 600 400 200 0 (200) (400) (600) (800)
Exportaciones Exports 153.2 61.0 216.7 227.6 (146.5) (34.9) (84.8) (22.2) (29.5) (88.6) (237.5) Importaciones Imports 56.4 130.3 133.5 60.8 211.5 127.5 89.4 119.3 272.6 (148.2) (21.5) (71.1) (28.4) (41.4) (86.8) (196.2) 78.7 99.2 Otras exportaciones - Other Exports Manufactura misc. - Misc. Mfg. Prods. de computadoras y electrnicos Computer & Electronic Prods. Prods. de petrleo y carbn Petroleum & Coal Prods. Ropa - Apparel Equip. elctricos, enseres y componentes Electrical Equip., Appliances & Components Equip. elctricos, enseres y componentes Electrical Equip., Appliances & Components Prods. de computadoras y electrnicos Computer & Electronic Prods. Metales primarios - Primary Metals Alimentos - Food Prods. de plstico y de goma Plastic & Rubber Prods. Manuf. misc. - Misc. Mfg. Otras importaciones - Other Imports Balance comercial - Trade Balance
73.6 73.1 337.1 (114.4) (73.7)

619.9
50.5 308.4 (100.3) (100.3)

Otras exportaciones Other Exports Qumicos - Chemicals Qumicos - Chemicals Otras importaciones Other Imports Balance comercial Trade Balance
158.4 136.0 387.9
(149.6) (64.5)
(168.1) (35.4) (35.6) (48.2) (27.0) (74.4) (97.0)
'05
'06
'07
'05
'06
'07
22
Principales Socios Comerciales - Major Traders

Comercio Exterior con Colombia
External Trade with Colombia
200 100 0 (100) (200) (300) (400) (500) (600) (700) (800) (900)
Exportaciones Exports Otras exportaciones Other Exports Qumicos - Chemicals
Comercio Exterior con Reino Unido

External Trade with United Kingdom
1,200 1,000 800 600 400 200 0 (200) (400) (600)
Comercio Exterior con Brasil

External Trade with Brazil
200 100 0 (100) (200) (300) (400) (500) (600) (700) (800)
7.9 34.2
(564.7) (48.5) (21.4)(23.6) (9.4) (93.5)

12.8 25.3 (130.0) (39.0) (18.0)(24.7) (14.8) (91.2)
45.6 (148.9) (22.1) (20.1) (19.3) (20.3) (85.4)
17.5
Minera - Mining Prods. de petrleo y de carbn Petroleum & Coal Prods. Alimentos - Food Metales primarios Primary Metals Equipos elctricos, enseres y componentes Electrical Equip., Appliance & Components Otras importaciones Other Imports Balance comercial Trade Balance
47.0 182.7 519.4 (280.1) (244.4)

81.6 240.1 372.1 (321.8) (191.5)
101.2 190.6 643.2 (278.9) (130.4)
Otras exportaciones Other Exports Prods. de computadoras y electrnicos Computer & Electronic Prods. Qumicos - Chemicals Qumicos - Chemicals Otras importaciones Other Imports Balance comercial Trade Balance
16.5
51.9
26.6
31.1
44.5 50.0 (352.8) (88.3) (44.9) (43.9) (143.0)
Otras exportaciones Other Exports Qumicos - Chemicals Prods. de petrleo y de carbn Petroleum & Coal Prods. Metales primarios Primary Metals Productos de madera Wood Products Alimentos - Food Otras importaciones Other Imports Balance comercial Trade Balance
(420.9) (18.0) (59.1) (14.9) (177.1)

(435.2) (39.6) (51.0) (45.4) (105.2)
'05
'06
'07
'05
'06
'07
'05
'06
'07
Comercio Exterior con Italia

External Trade with Italy
500 400 300 200 100 0 (100) (200) (300) (400) (500) (600)
Comercio Exterior con China

External Trade with China
200 100 0
Exportaciones Exports Otras exportaciones - Other Exports Prods. de computadoras y electrnicos Computer & Electronic Prods.
19.4
395.4
34.7 181.6 32.6 58.1 (96.6) (222.5) (98.1)

Otras exportaciones - Other Exports Qumicos - Chemicals Qumicos - Chemicals Prods. de petrleo y de carbn Petroleum & Coal Prods. Otras importaciones - Other Imports Balance comercial - Trade Balance
(100) (200) (300)

(79.6) (53.3) (112.6)
25.0 15.0 0.3 13.3 (17.0) (42.9) (28.8) (33.5) (38.7) (59.0) (54.1) (160.7)
(278.7) (82.6) (96.6)
42.3 8.5 18.8 4.2 (37.2) (45.1) (33.4) (42.3) (53.6) (58.7) (54.7) (241.7)
(400) (500) (600) (700)
62.1 14.4 16.8 36.3 (64.5) (42.5) (45.3) (69.3) (50.9) (78.9) (68.3) (225.0)
Metales primarios - Primary Metals Qumicos - Chemicals Alimentos - Food Cuero y prods. afines - Leather & Allied Prods. Productos de plstico y goma Plastic & Rubber Prods. Prods. de computadoras y electrnicos Computer & Electronic Prods. Equip. elctricos, enseres y componentes Electrical Equip., Appliance & Components Muebles y prods. relacionados Furniture & Related Prods. Manufactura misc. - Misc. Mfg. Otras importaciones - Other Imports Balance comercial - Trade Balance
'05
'06
'07
'05
'06
'07
23
Comercio Exterior con Mxico

External Trade with Mexico
400 300 200 100 0 (100)
Millones de $ Million $ Exportaciones Exports Otras exportaciones Other Exports Qumicos - Chemicals
Comercio Exterior con Canad

External Trade with Canada
200 100 0 (100)
Millones de $ Million $ Exportaciones Exports Otras exportaciones Other Exports Qumicos - Chemicals
Comercio Exterior con Australia

External Trade with Australia
300 250 200 150 100
Millones de $ Million $ Exportaciones Exports
23.0 201.7 (71.8) (27.5) (39.3) (31.6) (20.9) (83.5)

38.5 33.7 138.4 (88.2) (28.7) (53.4) (22.6) (23.3) (86.1) 232.8 (68.4) (29.4) (37.0) (21.7) (27.5) (99.2)
Qumicos - Chemicals Equipos de transportacin Transportation Equipment Alimentos - Food Metales primarios Primary Metals Equipos elctricos, enseres y componentes Electrical Equip., Appliance & Components Otras importaciones Other Imports Balance comercial Trade Balance
27.4 97.5 (21.0) (44.7) (62.9) (0.6) (95.6)
41.6 109.7 (43.1) (39.6) (59.9) (9.2) (171.6)
31.6
14.3 91.7 (44.0) (49.8) (68.7) (110.4) (64.6)
(200) (300) (400)
(200) (300) (400)
Agri., silvicultura, pesca y caza Agri., Forestry, Fishing & Hunting Alimentos - Food Papel - Paper Productos de petrleo y de carbn Petroleum & Coal Prods. Otras importaciones Other Imports Balance comercial Trade Balance
19.2 133.9 (9.4) (9.1)
31.1 113.9 (23.1) (12.2)
249.2
50 0 (50)
(12.6) (8.8)
Otras exportaciones Other Exports Qumicos Chemicals Qumicos Chemicals Otras importaciones Other Imports Balance comercial Trade Balance
(100)
'05
'06
'07
'05
'06
'07
'05
'06
'07
Comercio Exterior con Argentina

External Trade with Argentina
100 50 0 (50) (100) (150) (200)
Millones de $ Million $ Exportaciones Exports
Comercio Exterior con Espaa

External Trade with Spain
400 300 200 100 0 (100)
Millones de $ Million $ Otras exportaciones Other Exports Qumicos - Chemicals
Comercio Exterior con Taiwn

External Trade with Taiwan
150 100 50
Millones de $ Million $ Exportaciones Exports Otras exportaciones Other Exports Metales primarios Primary Metals Qumicos - Chemicals Prods. de plstico y de goma Plastic & Rubber Prods. Productos fabricados de metal Fabricated Metal Prods. Equipos de transportacin Transportation Equipment Otras importaciones Other Imports Balance comercial Trade Balance
49.4
1.9 29.2
4.8
23.9
4.8
Otras exportaciones Other Exports Qumicos - Chemicals Prods. de petrleo y de carbn Petroleum & Coal Prods. Otras importaciones Other Imports Balance comercial Trade Balance
24.2 329.3 19.4 (35.4) (112.5) (29.2) 50.9 (33.7) (85.8) (28.6) (97.8)
25.3 21.6 38.5 (8.7) (10.7) (12.1) (30.3) 11.3 42.9 54.6 (18.0) (12.6) (11.6) (26.6)
(284.7)
(284.3)
(310.4)
(250) (300) (350) (400) (92.3)

(44.7)
(200) (300) (400)
97.8 (37.3) (79.8) (32.4) (130.8)

16.5
(50.8)
(95.5)
Alimentos - Food Prods. de petrleo y de carbn Petroleum & Coal Prods. Prods. de minerales no metlicos Non Metallic Mineral Prods. Otras importaciones Other Imports Balance comercial Trade Balance
0 (50)
3.4 8.5 15.5 (8.1) (11.4) (14.7) (29.9)

(100)
'05
'06
'07
'05
'06
'07
'05
'06
'07
24
Turismo - Tourism
Total Visitors and Expenditures
Visitantes Visitors Gastos Expenditures
Total de visitantes y gastos

6,000 5,000 4,000 3,000 2,000
Miles Thousands
Total de registro hotelero (Miles) Total Hotel Registrations (Thousands)

4,000 3,500 3,000 2,500 2,000 1,500
Millones de $ Million $ No residentes Non-residents Residentes Residents
100% 90% 1,102.9 1,203.8 1,095.1 1,250.5 1,304.2 1,371.0 1,065.4 1,440.0 70% 60% 50% 40% 512.4 571.2 542.5 617.8 505.3 585.9 660.4 30% 20% 10% 0% '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 637.7 657.6 664.2 653.5 12 10 2,000 1,500 1,000
Miles Thousands
1,000 1,000 0 500 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 0
Total de habitaciones
Total Hotel Rooms
14,000 13,000 12,000 11,000 10,000 9,000 8,000 10,869 12,385 12,821 12,841 12,864 13,459 13,577 13,575 11,848 11,134 11,960
Nmero Number
Registro en hoteles tursticos

Tourist Hotel Registrations
2,500 10 8 6 4 2 0
1,795
1,496.3
1,385.8 8 6 4 2 0 -2 -6 '07 -8
% Cambio % Change
-2 -4
% Cambio % Change
1,261
1,374
1,431
1,450
1,604
1,597
1,732
1,787
1,851
7,000 6,000
-6 -8
'97
'98
'99
'00
'01
'02
'03
'04
'05
'06
'07
'97
'98
'99
'00
'01
'02
'03
'04
'05
1,923
500
949.2
80%
-4
'06
25
Tasa de ocupacin en hoteles tursticos

Occupancy Rate in Tourist Hotels
80 75 70 65 60
Por ciento Percent
Visitantes de barcos cruceros

Cruise Ship Visitors
8 6 4 2 0 -2 -4
% Cambio % Change Miles Thousands
1,500 1,400 1,300 1,200 1,100 1,000 900 1,100.8 1,264.0 1,188.9 1,355.2 1,276.3 1,163.9 1,348.2 1,386.2 1,299.3 1,374.7 1,211.1 800 700 600
20 15 10 5 0 -5 -10 -15
% Cambio % Change
73.3
70.9
75.4
74.2
69.5
64.4
68.0
72.4
70.8
70.8
71.3 '07
55 50
-6 -8 -10 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06
'97
'98
'99
'00
'01
'02
'03
'04
'05
'06
'07
Movimiento de pasajeros Aeropuerto Intl. Luis Muoz Marn

Passenger Movement Luis Muoz Marn Intl. Airport
11,000 10,500 10,000 9,500 9,000 8,500 8,000 7,500 10,314.3 10,292.3 10,677.7 10,680.8 10,321.2
Miles Thousands
15 10 5 0 -5 9,826.5 9,749.4 8,953.4 9,978.1 9,049.2 9,507.3 -10 -15

% Cambio % Change
7,000 6,500 6,000
'97
'98
'99
'00
'01
'02
'03
'04
'05
'06
'07
26
Ingresos del Gobierno - Government Revenues

Rentas Peridicas Netas del Gobierno (Millones de $) TOTAL De fuentes estatales Contributivas Contribucin sobre la propiedad Contibucin sobre ingresos, total Individuos Corporaciones y sociedades Retenidas a no residentes Impuestos sobre repatriaciones Intereses sujetos al 17% Intereses sobre dividendos a 10% (1) Contribucin sobre herencias y donaciones Arbitrios, total Bebidas alcohlicas, total Otros artculos, total Vehculos de motor Arbitrio general de 5% Otros Impuesto a las ventas y uso Licencias No contributivas De otras fuentes Derechos de aduana Arbitrios sobre embarques Aportaciones federales (2) 1998 8,784.2 5,998.1 5,515.4 73.5 3,996.0 2,026.6 1,555.0 192.5 171.0 11.4 39.6 1.4 1,362.1 238.1 1,124.0 350.0 468.6 305.4 82.4 482.7 2,786.1 72.2 217.2 2,496.7 1999 9,770.1 6,765.2 6,215.0 116.1 4,470.2 2,244.4 1,692.2 369.4 114.5 10.7 39.0 1.8 1,535.6 243.5 1,292.2 411.6 520.3 360.3 91.3 550.2 3,004.9 61.4 217.3 2,726.2 2000 10,057.9 7,081.6 6,548.3 98.2 4,878.6 2,352.1 1,806.8 557.3 111.1 11.7 39.7 3.1 1,473.8 236.4 1,237.4 390.0 525.5 321.9 94.6 533.3 2,976.3 50.2 245.7 2,680.3 2001 10,702.7 7,108.1 6,418.7 87.3 4,813.9 2,259.1 1,735.1 696.8 49.5 14.8 58.6 7.5 1,409.7 237.5 1,172.2 406.2 509.0 257.0 100.4 689.4 3,594.6 43.1 286.9 3,264.5 2002 10,508.4 7,316.7 6,607.0 84.5 4,903.5 2,450.0 1,733.9 583.2 59.5 14.3 62.5 2.0 1,488.9 249.7 1,239.2 418.0 486.3 334.9 128.1 709.7 2,947.5 30.6 314.2 2,602.7 2003 11,465.4 7,962.3 7,077.5 114.4 5,189.2 2,766.9 1,798.8 517.1 45.3 11.3 49.8 2.8 1,664.7 299.6 1,365.1 499.3 505.4 360.4 106.2 884.8 3,503.0 25.9 310.9 3,166.2 2004 11,299.8 7,991.7 7,240.0 97.8 5,306.5 2,720.9 1,842.6 631.1 31.6 10.1 70.2 15.7 1,717.1 296.3 1,420.8 551.2 535.4 334.2 103.0 751.7 3,308.1 34.3 328.9 2,944.9 2005 12,444.0 8,385.8 7,560.3 116.8 5,495.1 2,885.9 1,883.3 612.0 23.0 10.5 80.4 7.1 1,829.8 298.2 1,531.6 606.7 557.3 367.6 111.5 825.5 4,058.2 26.7 341.2 3,690.3 2006 12,891.1 8,659.2 7,937.8 114.7 6,017.2 3,092.0 1,898.3 921.3 27.4 11.5 66.7 9.4 1,680.9 292.2 1,388.7 533.9 552.0 302.8 115.6 721.4 4,231.9 9.6 346.3 3,876.0 2007 12,930.6 8,985.8 8,228.3 128.7 6,233.7 3,112.9 2,011.1 933.6 25.1 12.1 138.9 5.0 1,153.1 279.0 874.1 396.7 193.9 283.5 582.6 125.2 757.5 3,944.8 14.4 372.5 3,557.9 Government Net Recurrent Revenues (Million $) TOTAL From Commonwealth sources Tax revenues Property taxes Income tax, total Individuals Corporations and partnerships Withheld to nonresidents Toll Gate Tax Interest subject to 17% Interest on dividends subject to 10% (1) Inheritance and gift taxes Excise taxes, total Alcoholic beverages, total Other taxable goods, total Motor vehicles 5% General excise tax Others Sales and use tax Licenses Non-Tax Revenues From Non-Commonwealth sources Customs duties U.S. excises on off-shore shipments Federal grants (2)
(1) Since 1996,the tax rate on interest on dividends were lowered from 20% to 10% due to the 1994 Tax Reform (Act 120 of October 31,1994). (2) Includes Nutritional Assistance Program. Source: Department of the Treasury, Office of Economic Affairs.
(1) A partir de 1996, la tasa contributiva de intereses sobre dividendos se redujo de 20% a 10% debido a la Reforma Contributiva de 1994 (Ley Nm. 120 del 31 de octubre de 1994). (2) Incluye el Programa de Asistencia Nutricional. Fuente: Departamento de Hacienda, Oficina de Asuntos Econmicos.
27
Deuda Pblica - Public Debt

Gross Public Debt
Municipios Municipalities Gobierno central Central Government Corporaciones pblicas Public Corporations
Deuda pblica bruta

45 40 35 30 25 20
Crecimiento anual de la deuda pblica bruta y producto nacional bruto

2.3 2.1 1.6 5.8 1.8 6.1 2.0 6.9 8.5 2.2 9.0 10.4 2.5 10.6
Deuda Debt PNB GNP
Annual Growth Gross Public Debt & Gross National Product

40 35 30 25 20 15 16.3 '99 17.0 '00 17.7 '01 20.1 '02 20.9 '03 23.4 25.5 '04 '05 27.2 '06 29.8 '07 10
Por ciento Percent
0.9 4.5
1.0 4.8
1.3 5.1
1.5 5.4
15 10 5 0
14.1 16.5 '97 '98
5 0 '75 '77 '79 '81 '83 '85 '87 '89 '91 '93 '95 '97 '99 '01 '03 '05 '07
Cociente del servicio de la deuda / Rentas Internas*

Debt Service / Internal Revenues Ratio*
9.1 9.5 9.7 9.4 9.2 7.9 8.2 8.3 8.3 8.1 8.4
* El servicio de la deuda de los bonos de obligacin general no puede exceder el 15% del promedio de los ingresos del gobierno de los ltimos dos aos fiscales. General Obligation debt service may not exceed 15% of the average of the internal revenues for the last two fiscal years.
Por ciento Percent
'97
'98
'99
'00
'01
'02
'03
'04
'05
'06
'07
28
Finanzas - Finance
(Millones de $) Bancos comerciales y fideicomisos (1) Activos Prstamos Depsitos Asociaciones de ahorro y crdito Cuentas de ahorro (2) Compaas de prstamos personales Cartera de prstamos Total de deuda de los consumidores
(1) Incluye fideicomisos con facultades bancarias. (2) Desde 1995 se incluyen slo dos bancos federales. Estos se convirtieron en bancos comerciales en 1999.
1998 37,923.1 22,524.5 25,354.1 253.9 2,008.0 16,005.5
1999 45,269.0 25,816.6 28,423.3 0.0 1,431.1 16,118.0
2000 50,393.2 29,158.8 30,449.9 0.0 1,188.3 17,171.6
2001 55,700.7 31,921.6 33,929.0 0.0 1,130.8 17,165.3
2002 66,294.5 34,883.9 39,219.5 0.0 1,109.2 17,141.5
2003
2004
2005 98,532.4 54,106.4 53,448.0 0.0 1,141.1 19,724.8
2006 99,089.5 57,557.2 57,997.7 0.0 1,204.5 21,578.0
2007 96,818.7 61,052.5 58,850.1 0.0 1,178.5 22,270.5
(Million $) Commercial Banks & Trust Companies (1) Assets Loans Deposits Savings & Loan Associations Savings Accounts (2) Personal Loan Companies Loan Portfolio Total Consumers Debt
(1) Includes trust companies with banking powers. (2) Since 1995, only two Federal Saving Banks are included. They became Commercial Banks in 1999.
74,314.6 85,104.2 39,336.8 44,844.5 41,398.0 44,502.2 0.0 0.0
1,100.3 1,118.2 17,360.1 18,032.4
Sistema financiero de Puerto Rico Total de activos al 31 de diciembre de 2007

Millones de $ Puerto Ricos FInancial System Total Assets as of December 31, 2007
Million $
Bancos comerciales Commercial Banking Entidades internacionales International Banking Compaas de inversiones Investment Companies Bancos gubernamentales Government Banking Instituciones hipotecarias Mortgage Companies Compaas de financiamiento Financing Companies Compaas de arrendamiento Leasing Companies Compaas de prstamos personales Personal Loan Companies Casas de corretaje Brokerage Firms
Deuda de los consumidores como por ciento del ingreso personal disponible
Consumer Debt as a Percentage of Disposable Personal Income
$14,137
$75,816
52 50 48 46 44 42
Por ciento Percent
$11,103 $6,489 $5,917 $4,592 $2,662 $1,434 $1,308
40 38 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07
$87,921
Total = $211,379 millones Total = $211,379 million
29
22,495.1
24,317.4
26,012.1
29,201.8
31,465.2
35,023.6
37,891.9
42,253.9
46,625.5
Puerto Rico has fourteen (14) banks with over 500 operating branches and total assets of approximately $210 billion. These banks provide the financial services that sustain all the industrial and commercial activity on the Island. Local and foreign banks offer commercial banking services designed to support the emerging international trade between Puerto Rico and the rest of the world.
Depsitos en bancos comerciales (2) Deposits in Commercial Banks (2)
2 0
0%
'97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07
'97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07
Total Consumers Debt (Million $)

Otros Others Compaas de venta condicional Installment Sale Companies Reservas en fondos pblicos de pensiones Reserves in Public Pension Funds Cooperativas de ahorro y crdito locales y federales Local & Federal Credit and Saving Unions Asociacin de Empleados del Estado Libre Asociado Commonwealth Employees' Association Bancos federales de ahorro (1) Federal Savings Banks (1) Compaas de prstamos personales Small Personal Loan Companies Bancos comerciales (3) Commercial Banks (3)
Deuda total de los consumidores (Millones de $)

100% 90% 80% 70% 60% 50% 40% 30%
Deuda total de los consumidores

Total Consumers Debt
25,000 20,000 15,000 17,165.3 17,141.5 10,000 15,300.2 16,005.5
Millones de $ Million $ % Cambio % Change Deuda de los consumidores Consumers' Debt
16 14 12 10 8
17,360.1
16,118.0
6 4 18,032.4 19,724.8 21,578.0 22,270.5 0 -2

% Cambio % Change
20% 10% 0% '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07
5,000 0
'97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07
(1) Desde 1995 se incluyen slo dos bancos federales. Estos se convirtieron en bancos comerciales en 1999. (2) Incluye fideicomisos con facultades bancarias. (3) Desde el 1983 se incluyen los prstamos en compaas de fideicomisos con facultades bancarias. Para los aos desde el 1997 al 1999 los datos reflejan cambios debido a disminuciones en los balances acumulados y a reclasificaciones de prstamos personales a prstamos hipotecarios.
(1) Since 1995, only two federal savings banks are included. They became commercial banks in 1999. (2) Includes trust companies with banking powers. (3) Since 1983 loans in trust companies with banking powers have been included. For years 1997 to 1999, there are changes due to lower accrued balances and changes in classification of personal loans to mortgage loans.
30
17,171.6
% Cambio % Change
20%
Ahorros en bancos federales de ahorro (1) Savings in Federal Savings Banks (1)
49,436.3
24,511.4
Puerto Rico tiene catorce (14) bancos con ms de 500 sucursales operando y activos totales de ms de $210,000 millones. Estos bancos ofrecen los servicios financieros que sirven de apoyo a la actividad comercial e industrial en la Isla. Bancos locales y extranjeros proveen servicios de banca comercial dirigidos a apoyar el comercio internacional de rpido crecimiento entre Puerto Rico y el resto del mundo.
Personal Financial Assets (Million $)

Reservas en compaas de seguros de vida Reserves in Life Insurance Companies Reservas en fondos pblicos de pensiones Reserves in Public Pension Funds Ahorros en cooperativas locales y federales Savings in Local & Federal Credit Unions Ahorros en la Asociacin de Empleados del Estado Libre Asociado Savings in Commonwealth Employees' Association
Activos financieros de las personas (Millones de $)

100% 80% 60% 40%
Activos financieros de las personas

Personal Financial Assets
60,000 50,000 40,000 30,000 20,000 10,000
Activos Financieros Personal Financial Assets % Cambio % Change
14 12 10 8 6 4
Finanzas - Finance
ndice de acciones de Puerto Rico
En octubre de 1995, el Banco Gubernamental de Fomento para Puerto Rico (BGF), en un esfuerzo por desarrollar el mercado financiero local, lanz el ndice de Acciones de Puerto Rico (PRSI, por sus siglas en ingls), el primer ndice compuesto exclusivamente por acciones de compaas locales que trafican sus acciones en los mercados de acciones de los Estados Unidos. El ndice fomenta el crecimiento de un mercado local para acciones, lo cual es una alternativa viable para financiar la expansin de compaas locales. El PRSI es un ndice ponderado a base de la capitalizacin de las compaas (o ponderado a base del valor de las acciones en el mercado) compuesto por nueve (9) empresas cuya matriz o principal lugar de negocios est localizado en Puerto Rico. Las compaas que componen el PRSI trafican sus acciones en los mercados de valores organizados (i.e. NYSE, AMEX) y en los mercados secundarios (over-the-counter, i.e. NASDAQ) a nivel nacional en los Estados Unidos.
Puerto Rico StocK Index

In October 1995, the Government Development Bank for Puerto Rico (GDB), in another effort to develop the local financial markets, launched the Puerto Rico Stock Index (PRSI), the first index comprised exclusively by stocks of local companies trading in U.S. stock markets. The index promotes the growth of an equityoriented market structure, which is a viable alternative to finance the expansion of local companies. The PRSI is a capitalizationweighted (or market value weighted) index, composed of nine companies headquartered in Puerto Rico and/or with the island as their main place of business. The companies included in the index are traded on national stock markets (i.e. NYSE, AMEX) and the over-the-counter market (i.e. NASDAQ).
Componentes del PRSI - Constituents of the PRSI

Nombre de Compaa Smbolo Company Name Ticker Popular, Inc. BPOP W Holding Company, Inc. WHI Margo Caribe Inc. MRGO Oriental Financial Group OFG Doral Financial Corp. DRL First Bancorp PR FBP R&G Financial Corp. RGF Santander Bancorp SBP Eurobancshares, Inc. EUBK
NYSE - NewYork Stock Exchange
Mercado Exchange NASDAQ NYSE NASDAQ NYSE NYSE NYSE NYSE NYSE NASDAQ
Fecha de Inclusin Date of Inclusion 12 / 79 12 / 85 06 / 88 04 / 89 08 / 89 05 / 96 08 / 96 11 / 98 08 / 04
Purpose
The PRSI was created to emphasize the performance of Puerto Ricos equity markets and to attract the attention of equity investors abroad.
NASDAQ - National Association of Securities Dealers Automated Quotation System
Desempeo del PRSI
Propsito
El PRSI fue creado para resaltar el desempeo de los mercados de acciones de Puerto Rico y atraer la atencin de inversionistas de acciones del exterior.
Para el ao terminado el 30 de junio de 2008 PRSI PERFORMANCE - For the Year Ended June 30, 2008
Objectives
Serve as a fundamental analytical tool to measure the strength and fluctuations of Puerto Ricos financial markets and economy. Allow flexibility to analyze the investment in local equity as a separate asset category in comparison to other markets and asset categories. Provide the local and foreign investment communities with a passive benchmark to measure the returns of active portfolios composed of local stocks. Encourage the growth of an equity-oriented market structure and present stock issues as a viable alternative to finance the expansion of local companies.
PRSI
Final End Date 6/30/08 3,442.56
Comienzo Start Date 6/30/07 6,662.39
Ao - Year Cambio neto Net Change (3,219.83)
Ao - Year % Cambio % Change -48.33%
Objetivos
Servir como herramienta analtica fundamental para medir la fuerza y fluctuaciones de los mercados financieros y la economa de Puerto Rico. Ofrecer la flexibilidad para analizar la inversin en acciones locales como una categora de activos separada y compararla con otros mercados y categoras de activos. Proveer a las comunidades de inversionistas locales y extranjeros un elemento de comparacin pasivo, contra el cual medir los rendimientos de carteras de activos compuestas de acciones locales. Promover el crecimiento de una estructura financiera orientada al mercado de capital y presentar la emisin de acciones como una alternativa viable para financiar la expansin de compaas locales.
Desempeo por componente Performance by constituent Popular, Inc. Doral Financial Corp. First Bancorp PR Oriental Financial Group R&G Financial Corp. W Holding Company, Inc. Santander Bancorp Margo Caribe Eurobancshares, Inc.
Precio al final End Price 6/30/08 6.59 13.54 6.34 14.26 0.71 0.85 10.61 n.a 3.59
Precio al comienzo Start Price 6/30/07 16.07 23.60 10.99 10.91 3.70 2.64 14.86 4.80 9.07
31
Cmputo y construccin del PRSI

El BGF contrat a una firma especializada en 1995 para establecer la metodologa para computar el ndice (esquema de ponderacin, tratamiento de los dividendos y reajuste) y hacer los clculos iniciales. Se seleccion una metodologa de ponderacin a base de la capitalizacin de las compaas para calcular el ndice. En este mtodo, la ponderacin de cada compaa en el ndice se determina por su capitalizacin en el mercado (precio X acciones en circulacin). Este es el mismo mtodo que utiliza Standard & Poors para calcular el ndice S&P 500. De tiempo en tiempo se deben hacer ajustes al ndice para atemperarlo a las entradas o salidas de compaas al ndice, acciones corporativas o cambios en ponderacin. Segn se hacen dichos cambios, se reajusta el ndice para proveer una continuidad histrica de los niveles del ndice. Al presente, algunos bancos locales usan el ndice como base para estructurar los productos financieros que ofrecen a los inversionistas, lo cual hace del ndice una herramienta valiosa para el desarrollo de productos.
Computation and Construction of the PRSI

The GDB hired a specialized firm in 1995 to establish the computation methodology (weighting scheme, dividend treatment and rebalancing) of the index and perform the initial calculations. A capitalization-weighted methodology was selected to calculate the index. In this method, each companys weight in the index is determined by its market capitalization (price x shares outstanding). This is the same method employed by Standard & Poors for the calculation of the S&P 500 Index. Over time, adjustments to the index need to be made to account for additions and deletions to the index, corporate actions and weight changes. As changes to the index occur, a re-balancing is performed to allow for a historical continuance of index levels. Currently, the Index is being used by some local banks in the structuring of financial products they offer to investors. This makes the index an important tool for product development.
Valor acumulado de $1.00 al 30 de junio de 2008

Accumulated value of $1.00 As of June 30, 2008
$20,000
$16,000
$12,000
$8,000
$4,000
$0 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07
PRSI
S&P 500
Russell 2000
32
Precios - Prices
La tendencia acelerada de crecimiento en los precios al consumidor, con tasas anuales que promediaron 8.9 por ciento para el ao fiscal 2004, aument por 13.5 por ciento en el 2005 y por 15.3 por ciento en el ao fiscal 2006. La divergencia con respecto a la tendencia en los precios en los Estados Unidos ha persistido durante casi diez aos fiscales. La razn principal para esta divergencia se relaciona con el hecho de que la canasta de bienes y servicios utilizada para estimar los cambios en precios en Puerto Rico se basa en el Estudio de Ingresos y Gastos de 1977. Este sistema de pesos ya est obsoleto y, en nuestra opinin, su uso produce que se sobreestimen significativamente los movimientos generales del ndice de Precios al Consumidor (IPC). De hecho, cuando comparamos las cifras del IPC con los deflactores de precios implcitos del PNB y los Gastos de Consumo Personal (GCP), observamos una tasa de inflacin mucho menor. Para el ao fiscal 2005, las tasas de inflacin informadas por el PNB y los GCP fueron de 4.0 por ciento y 3.6 por ciento, respectivamente. Para el ao fiscal 2006, las tasas de inflacin de acuerdo con los deflactores correspondientes para cada indicador fueron de 5.0 por ciento y 4.5 por ciento; y para el ao fiscal 2007 las tasas correspondientes fueron de 5.4 por ciento y 3.1 por ciento. Contina la inestabilidad e incertidumbre en el rengln de energa, lo cual ha provocado presin sobre los precios del crudo. Sin embargo, ha sido la categora de alimentos y bebidas, con un peso relativo de 59.5 por ciento, la que ha puesto la presin principal en el crecimiento del IPC. En agosto de 2007 (durante el segundo mes del ao fiscal 2008) se public un nuevo IPC, basado en una canasta de bienes y servicios diferente. Este ndice tiene su inicio en diciembre de 2006 (es decir, durante el sexto mes del ao fiscal 2007), y refleja una correccin significativa en el comportamiento de los precios. Tenemos disponibles ocho observaciones de cambios interanuales que reflejan mucha volatilidad. El crecimiento interanual del IPC de las 8 observaciones disponibles registran una inflacin promedio de 8.5%, pero todava se necesitan ms observaciones para efectuar un diagnstico ms detallado de la inflacin del pas. An accelerating trend in consumer price rises, with annual rates averaging 8.9 percent during fiscal year 2004, increased by 13.5 percent during 2005, and by 15.3 percent in fiscal year 2006. The divergence from price trends in the U.S. has persisted for almost ten fiscal years. The main reason for this divergence has to do with the fact that the market basket of goods and services used to estimate changes in prices is based on the 1977 Study of Income and Expenditures of Families. This system of weights has become outdated and, we believe, has significantly overstated the overall movements of the consumer price index (CPI). In fact, when we compare the figures from the CPI with the implicit price deflators from GNP and Personal Consumption Expenditures (PCE), we observe a much lower inflation rate. For fiscal year 2005, the inflation reported by the GNP and the PCE were 4.0 percent and 3.6 percent, respectively. And for fiscal year 2006, the inflation rates according to the respective deflators were 5.0 percent and 4.5 percent; and for fiscal year 2007 the corresponding rates were 5.4 percent and 3.1 percent. Instability and uncertainty in the energy front continue and have put upward pressure on oil prices. However, it has been the food and beverages category, with a relative weight of 59.5 percent, which has put the principal upward pressure on the CPI. In August 2007 (during the second month of the fiscal year 2008) the new CPI was released, based on a different consumer goods and services basket. The new CPI began in December 2006 (that is, during the sixth month of fiscal year 2007), and it shows a significant adjustment in the prices behavior. We have eight year-over-year percent changes that reflect volatility. The average of those yearover-year percent changes is 8.5 percent, but more observations are needed in order to perform a comprehensive analysis of the inflation in the Island.
ndice de precios al consumidor
25 20 15 10 5 0 Nov-00 Dec-01 Aug-97 Mar-05 Oct-99 Sep-98 Feb-04 Jun-95 Apr-06 Jan-03 Jul-96
(Cambio porcentual con respecto al ao anterior) Consumer Price Index

(Year-over-Year Percent Change)
1984=100 Por ciento Percent 2006=100
May-07 '04
Crecimiento de los ndices implcitos para deflacionar el PNB y los gastos de consumo personal
Implicit Price Deflators Growth GNP & Personal Consumption Expenditures
PNB GNP Gastos de consumo personal Personal Consumption Expenditures
14 12 10 8 6 4
Por ciento Percent
2 0 '77 '80 '83 '86 '89 '92 '95 '98 '01 '07
33
Jun-08
Medical Care
Food & Beverages
Cuidado mdico
Alimentos y bebidas
34
Por ciento Percent Por ciento Percent
10
15
20
25
30
35
0
0 5
1 Jun-95 Jul-96 Aug-97 Sep-98 Oct-99 Nov-00 Dec-01 Jan-03 Feb-04 Mar-05 Apr-06
2006=100 2006=100 1984=100 1984=100
Jun-95 Jul-96 Aug-97 Sep-98 Oct-99 Nov-00 Dec-01 Jan-03 Feb-04 Mar-05 Apr-06 May-07 Jun-08 May-07 Jun-08
Por ciento Percent
Por ciento Percent
10
15
20
25
-5
Ropa
-10 Jun-95 Jul-96 Aug-97 Sep-98 Oct-99 Nov-00 Dec-01 Jan-03 Feb-04 Mar-05 Apr-06 May-07 Jun-08
Por ciento Percent
-4 Jun-95 Jul-96 Aug-97 Sep-98 Oct-99 Nov-00 Dec-01 Jan-03 Feb-04 Mar-05 Apr-06
2006=100 1984=100
Apparel
-2
Transportation
Transportacin
1984=100
2006=100
May-07 Jun-08
Por ciento Percent
10
15
20
-5
0 Jun-95 Jul-96 Aug-97 Sep-98 Oct-99 Nov-00 Dec-01 Jan-03 Feb-04 Mar-05 Apr-06 May-07 Jun-08
Housing
Vivienda
Education & Recreation
Educacin y recreacin
7
1984=100 2006=100
Jun-95 Jul-96 Aug-97 Sep-98 Oct-99 Nov-00 Dec-01 Jan-03 Feb-04 Mar-05 Apr-06
1984=100
2006=100
May-07 Jun-08
Mercado Laboral - Labor Market

Relacin con el mercado laboral Personas de 16 aos o ms
Employment Status Persons 16 years and over
Inactivos Inactive Desempleados Unemployed Empleados Employed
Pirmide de poblacin segn su relacin con la actividad econmica, 2007

Population pyramid related to economic activity, 2007
Empleados Employed
100% 80% 60% 40% 20% 0% 170 1,127 1,139 '97 '98 '99
Hombres Men
201,698 99,023 14,595 56,188 22,439 34,241 27,930 25,393 7,252
Mujeres Women
289,001 182,692 9,557 135,999 11,511 17,350 106,827
1,408
1,425 180
1,468
1,505 142
1,538
1,552
1,550
1,569 155
1,561
1,552 167
1,591
Desempleados Unemployed Inactivos Inactive
834 1,015 26,332 17,330 79,914 3,157 60,778 137,221 162,541 139,692
65 + 55 - 64 45 - 54 35 - 44 25 - 34 20 - 24 16 - 19
163 1,143
134 1,144
158
164 1,188
147 1,238
147 1,263
147,558 177,732 159,196
105,511
1,150 '00 '01
1,152 '02 '03
1,206 '04 '05
1,253 '06 '07
11,218 19,271 76,517 43,330 71,903 45,469 2,430 9,235 122,703 19,887 10,832 102,828
Unemployment Rate
Tasa de desempleo
13.6 13.1 12.5 12.0 11.0 10.4 12.1 11.4 10.6
Total Participation Rate

48.0 48.1 47.1 11.7
Tasa de participacin total
47.8 47.0 46.6 46.2 46.4 47.0
10.4
45.8 45.4
Por ciento Percent
Por ciento Percent
'97
'98
'99
'00
'01
'02
'03
'04
'05
'06
'07
'97
'98
'99
'00
'01
'02
'03
'04
'05
'06
'07
35
Participation Rate by Sex

63 62 61 60 59 58
% Hombres % Men
Tasa de participacin por sexo

39 38 37 36 35 34
% Mujeres % Women Hombres Men Mujeres Women
Tasa de empleo
Employment Rate
42 41.7 41.5 41.2 41.1 40.6 40.3 41.2 40.9 42.2 42.1
57 56 55 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07
33 32
Por ciento Percent
'97
'98
'99
'00
'01
'02
'03
'04
'05
'06
'07
Por ciento de la fuerza laboral civil de 16 a 65 aos por ltimo grado completado
Percentage of Civilian Labor Force Age 16 to 65 years by Educational Attainment
1 ao o ms de universidad 1 year or more of College 15.7% Escuela superior High School 23.8% Menos de escuela superior Less than High School 10% 1 ao o ms de universidad 1 year or more of College 58%
Menos de escuela superior Less than High School 52.8%
1-2 aos de escuela superior 1-2 years of High School 4% Escuela superior High School 28%
1-2 aos de escuela superior 1-2 years of High School
1970
7.7%
2007
36
Mercado Laboral - Labor Market

Empleo asalariado por cdigos NAICS
1998 Total no agrcola Minera y recursos naturales Manufactura Comercio, transportacin y almacenaje, y servicios pblicos Medios e informacin Finanzas Servicios profesionales y negocios Educacin y salud Industria de hospitalidad Otros servicios Gobierno 21,100 42,650 86,483 72,933 58,075 16,733 309,475 20,683 44,575 91,008 75,350 61,333 17,208 302,183 21,108 45,583 96,750 80,692 65,942 17,408 286,133 20,775 45,367 97,975 84,900 67,017 18,650 282,725 22,483 44,975 97,408 86,400 65,783 20,042 288,675 21,617 44,667 98,500 92,408 67,917 20,667 297,717 21,917 46,850 101,900 98,108 70,317 20,650 303,408 22,608 48,633 103,767 99,967 72,592 21,258 307,825 22,675 49,767 106,517 103,650 74,767 20,567 302,492 22,667 49,142 108,608 104,917 73,675 18,542 298,125 1999 2000 2001 2002 2003 2004 2005
Payroll Employment by NAICS Codes

2006 2007 Total Non-Farm Natural Resources & Mining Manufacturing Trade, Transportation & Warehouse, and Utilities Information Finance Professional and Business Educational & Health Leisure & Hospitality Other Services Government
993,233 1,004,358 1,017,142 61,708 151,400 170,125 68,733 145,700 175,083 74,917 142,933 183,275
1,021,092 1,003,567 1,010,483 1,033,242 75,817 139,625 187,017 72,142 124,783 180,900 68,525 118,758 179,700 69,300 118,442 182,350
1,049,725 1,049,242 1,035,108 68,233 117,317 187,525 67,442 112,583 188,783 67,367 107,767 184,300
*NAICS - Siglas en ingls para Sistema de Clasificacin Industrial de Amrica del Norte
*NAICS - North American Industrial Classification System
37
Empleos y salarios estimados por ocupacin para mayo de 2007

May 2007 State Occupational Employment and Wage Estimates
Puerto Rico Salario promedio por hora Mean Hourly Wages EE.UU. - U.S. Salario promedio por hora Mean Hourly Wages P.R. como por ciento del nivel de EE.UU. P.R. as a percentage of U.S. level
Empleo no agrcola asalariado promedio por sector principal

Average Non-Farm Payroll Employment by Principal Sector
Recursos naturales y construccin Natural Resources and Construction Manufactura Manufacturing Comercio, transportacin y almacenaje, servicios pblicos Trade, Transportation & Warehouse, Utilities Medios e informacin Information Finanzas - Finance Servicios profesionales y negocios Professional and Business Services Educacin y salud Educational & Health Industria de hospitalidad Leisure & Hospitality Otros servicios Other Services Gobierno - Government
7% 29% 10%
Ocupacin - Occupation
2% 7% 10% 50 40 30 20 10 0 -10 -20 -30 10% 5% 2%
18%
Empleo asalariado ajustado

(Cambio absoluto con respecto al ao anterior) Adjusted Payroll Employment
(Year-Over-Year Absolute Change)
Gobierno ** Government ** Privado Private ** Excluye los programas gubernamentales de empleo de verano y Navidad. ** Excludes government summer and winter holiday season job programs. Miles Thousands
'97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07
Empleo asalariado promedio por sector principal

(Por ciento de participacin) Average Payroll Employment by Principal Sector
(Percent Share)
Minera y construccin Mining and Construction Manufactura - Manufacturing Transp., comun. y servicios pblicos Transp., Comm. & Pub. Util. Comercio - Trade
'07 '06 '05 '04 '03 Finanzas, seguros, bienes races '02 Finance, Insurance, '01 Real Estate '00 Servicios - Services '99 Gobierno - Government '98 '97 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Todas las ocupaciones / All Occupations ........................................................ $11.50 .......................... $19.56 Ocupaciones gerenciales / Management Occupations .................................... $31.16 .......................... $46.22 Ocupaciones en operaciones financieras y comerciales Business and Financial Operations Occupations ........................................ $16.73 .......................... $30.01 Ocupaciones en ciencias de computadoras y matemticas Computer and Mathematical Science Occupations .................................... $20.44 .......................... $34.71 Ocupaciones en arquitectura e ingeniera Architecture and Engineering Occupations................................................. $22.56 .......................... $33.11 Ocupaciones en ciencias naturales, fsicas y sociales Life, Physical, and Social Science Occupations .......................................... $19.24 .......................... $29.82 Ocupaciones en servicios sociales y comunitarios Community and Social Services Occupations............................................. $12.28 .......................... $19.49 Ocupaciones legales / Legal Occupations ....................................................... $26.93 .......................... $42.53 Ocupaciones en educacin, adiestramientos y biblioteca Education, Training, and Library Occupations ............................................ $14.86 .......................... $22.41 Ocupaciones en artes, diseo, entretenimiento, deportes y medios de comunicacin Arts, Design, Entertainment, Sports, and Media Occupations ..................... $14.18 .......................... $23.27 Prcticas mdicas y ocupaciones tcnicas en cuidados de salud Healthcare Practitioner and Technical Occupations ................................... $14.16 .......................... $31.26 Ocupaciones en prestacin de servicios aliados a la salud Healthcare Support Occupations...................................................................$7.96 .......................... $12.31 Ocupaciones en servicios de proteccin Protective Service Occupations .................................................................. $10.38 .......................... $18.63 Preparacin y servicio de alimentos y ocupaciones relacionadas Food Preparation and Serving Related Occupations ......................................$7.11 ............................ $9.35 Ocupaciones en limpieza de edificios y de mantenimiento Building and Grounds Cleaning and Maintenance Occupations ....................$7.57 .......................... $11.33 Ocupaciones para el cuidado personal y servicios relacionados Personal Care and Service Occupations ........................................................$7.74 .......................... $11.53 Ocupaciones en ventas y trabajos relacionados Sales and Related Occupations .....................................................................$9.41 .......................... $16.94 Ocupaciones de oficina y apoyo administrativo Office and Administrative Support Occupations ......................................... $10.09 .......................... $15.00 Ocupaciones en agricultura, pesca y silvicultura Farming, Fishing, and Forestry Occupations ..................................................$8.87 .......................... $10.89 Ocupaciones en construccin y extracciones Construction and Extraction Occupations......................................................$8.75 .......................... $19.53 Ocupaciones en instalaciones, mantenimiento y reparaciones Installation, Maintenance, and Repair Occupations .................................... $11.99 .......................... $19.20 Ocupaciones en produccin / Production Occupations .....................................$9.60 .......................... $15.05 Ocupaciones en transportacin y movimiento de materiales Transportation and Material Moving Occupations .........................................$8.33 .......................... $14.75
............................ 58.79% ............................ 67.42% ............................ 55.75% ............................ 58.89% ............................ 68.14% ............................ 64.52% ............................ 63.01% ............................ 63.32% ............................ 66.31% ............................ 60.94% ............................ 45.30% ............................ 64.66% ............................ 55.72% ............................ 76.04% ............................ 66.81% ............................ 67.13% ............................ 55.55% ............................ 67.27% ............................ 81.45% ............................ 44.80% ............................ 62.45% ............................ 63.79% ............................ 56.47%
38
Educacin - Education
Matrcula en escuelas pblicas
Public Schools Enrollment
640
Matrcula a nivel universitario por tipo de institucin y gnero

University Level Enrollment by Type of Institution and Gender
44 43 240,000
620 42 41 40 39 560 38
74,056
73,974
160,000 74,115 69,962 72,693 73,846
74,801
600
71,044
68,813
66,990
200,000
18.2% Pblico Public 40,925 Privado Private 11.6% Pblico Public 26,065 Privado Private 61,973 27.5%
Masculino Male 88,038
120,000
71,676
580
136,988
102,240
520
Miles Thousands Miles Thousands
40,000 35
Nmero Number
96,878
98,620
36
102,169
110,011
116,802
125,041
132,735
540
140,734
37
80,000
158,412
96,439 42.8%
500 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07
34
0 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07
Femenino Female 137,364
2007
Matrcula en escuelas pblicas Public Schools Enrollment
Maestros en escuelas pblicas Teachers in Public Schools
Pblico Public
Privado Private
39
Grados conferidos por sector, nivel y rea acadmica, 2006

Degrees Awarded by Sector, Level and Academic Area, 2006 Subgraduado Undergraduate 25,827
Privado Private 16,884 52.0% 27.6% Pblico Public 8,943 Privado Private 5,245 16.2% 4.3% Pblico Public 1,391
Graduado Graduate 6,636
2006
Matrcula por nivel y rea acadmica, 2004-05

Enrollment by Level and Academic Area, 2004-05
Administracin de empresas Business Administration Educacin Education Ingeniera Engineering Ciencias biolgicas Biological Science Ciencias fsicas Physical Science Matemticas Mathematics Medicina Medicine Odontologa Odontology Derecho Law Otros Others
43,653 31,556 10,579 10,014 2,598 318 97 424 0 1,129 0 157 0 2,258 81,580 725 1,403 6,451
6,198
Subgraduado Undergraduate Graduado Graduate
Administracin, gerencia, mercadeo y servicios administrativos Business Administration and Services Profesiones y ciencias relacionadas con la salud Health Related Sciences and Professions Educacin Education Tecnologas relacionadas a la ingeniera Engineering Related Technologies Ingeniera Engineering Biologa y ciencias biomdicas Biology and Biomedical Sciences Proteccin y servicios de seguridad Security Ciencias de la informacin y computadoras Information and Computer Sciences Mecnica y reparacin de equipo Equipment Repair and Mechanics Servicios sociales y administracin pblica Public Administration and Social Services Comunicaciones Communications Psicologa Psychology Derecho y estudios relacionados Law and Related Professions Ciencias sociales Social Sciences Bellas Artes Fine Arts Estudios interdisciplinarios Interdisciplinary Studies Ciencias fsicas y qumicas Physics and Chemistry Economa del hogar Home Economics Tecnologas de las comunicaciones Communications Technology Artes liberales, estudios generales y humanidades Humanities, General Studies and Liberal Arts Administracin de empresas relacionadas con produccin agrcola Business Administration in Agricultural Production Oficios de la construccin Construction Work
6,064 4,716 3,513 1,636 1,089 105 934 78 933 157 67 941 1,862
1,642
911 100 888 0 654 168 606 30 588 404 89 576 529 26 454 69 31846 305 49 224 3 190 0 184 0 147 28 142 0 Subgraduado Undergraduate Graduado Graduate
8,892
Literatura y lenguas extranjeras Literature and Foreign Languages 10838 Otras Others 605 247
40
Salud - Health
Seleccin de profesionales de la salud para el ciclo de registro de 1998-2001
Selected Health Professions for the 1998-2001 Registration Cycle
Registradas y activas en Puerto Rico Registered and Active in Puerto Rico 7,623 15,711 7,206 1,360 806 50 43 339 184 2,352 1,781 1,097 632 590 394 234 393 1,201 2,735 605 Tasa por Mediana de 100,000 habitantes salario por hora en Puerto Rico Median Hourly Wage Rate per 100,000 inhabitants Estados Unidos in Puerto Rico Puerto Rico United States 198.9 409.9 188.0 35.5 21.0 1.3 1.1 8.8 4.8 61.4 46.5 28.6 16.5 15.4 10.3 6.1 10.2 31.3 71.3 15.8 NA $9.00 $6.51 $19.87 $6.07 NA NA $24.55 $6.57 $18.84 $6.67 NA $11.11 $7.59 $11.37 $8.00 $11.04 $7.86 $10.27 $11.86 NA $21.56 $14.15 $62.04 $12.49 NA $51.71 $39.84 $11.75 $34.11 $9.23 NA $26.35 $9.46 $23.77 $16.51 $21.99 $17.31 $19.48 $18.48
Primeras diecinueve causas de muerte 2005 y 2004

Nineteen Leading Causes of Death 2005 and 2004
Causas de muerte - Causes of Deaths Todas las causas - All Causes Enfermedades del corazn - Heart Diseases Tumores malignos - Malignant Tumors Diabetes mellitus - Diabetes Mellitus Neumona e influenza - Pneumonia and Influenza Enfermedad de Alzheimer - Alzheimers Disease Enfermedades cerebrovasculares Cerebrovascular Diseases Septicemia - Septicaemia Enfermedad pulmonar crnica Chronic Pulmunary Disease Todos los accidentes - Accidents Nefritis y nefrosis - Nephritis and Nephrosis Homicidios - Homicides Enfermedades hipertensivas Hipertension Diseases Infeccin virus inmunodefeciencia humana HIV Infection Neumonitis debida a slidos y lquidos Pneumonitis due to liquids and solids Suicidios - Suicides Condiciones originadas en el periodo perinatal Conditions Caused in the Perinatal Period Anemias - Anaemias Enfermedades del hgado y cirrosis Liver Diseases and Cirrhosis Tumores in situ, benignos y deconocidos Unknown, benign and in situ tumors Otras causas - Other Causes
Mdicos - Physicians Enfermera - Nursing Enfermeras graduadas - Registered Nurses Enfermeras prcticas licenciadas Licensed Practical Nurses Odontologa - Dentistry Dentistas - Dentists Asistentes dentales - Dental Assistants Otros clnicos no-mdicos - Other non-physician clinicians Quiropractas - Chiropractors Podiatras - Podiatrists Optmetras - Optometrists pticos - Opticians Farmacia - Pharmacy Farmaceticos - Pharmacists Tcnicos y ayudantes de farmacia Pharmacy aides & technicians Psiclogos - Psychologists Otras profesiones relacionadas a la salud - Allied Health Terapistas fsicos - Physical therapists Asistentes de terapia fsica - Physical therapy assistants Terapistas ocupacionales - Occupational therapists Asistentes de terapia ocupacional Occupational therapy assistants Patlogos del habla y lenguaje y audilogos Speech-language pathologists & audiologists Tcnicos radiolgicos - Radiologic technologists Tecnlogos mdicos - Medical technologists Dietistas y nutricionistas - Dieticians & nutritionists
2005 Tasa por 100,000 habitantes Orden Nmero Rate per 100,000 Orden Nmero Order Number inhabitants Order Number 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 29,695 5,845 4,344 2,177 1,544 1,212 1,204 1,127 1,123 1,072 817 784 713 537 478 302 270 217 145 129 5,655 759.5 149.5 111.1 55.7 39.5 31.0 30.8 28.8 28.7 27.4 20.9 20.1 18.2 13.7 12.2 7.7 6.9 5.5 3.7 3.3 144.6 1 2 3 9 5 4 13 6 8 10 12 7 14 17 15 16 18 11 19 29,066 5,031 4,829 2,569 1,030 1,211 1,532 669 1,165 1,101 832 761 1,133 543 258 289 275 201 768 168 5,085
2004 Tasa por 100,000 habitantes Rate per 100,000 inhabitants 745.9 129.1 124.0 66.0 26.4 31.1 39.4 17.3 29.9 28.1 21.4 19.5 29.1 13.8 6.6 7.4 7.1 5.2 19.7 4.3 130.4
41
Comparacin con los estados - Statewide Comparison with the States

Producto estatal bruto 2007
Gross State Product 2007
California Texas New York Florida Illinois Montana South Dakota Wyoming North Dakota Vermont Puerto Rico 34.3 33.9 31.5 27.7 24.5 89.7
Producto estatal bruto per cpita 2007

Gross State Product Per Capita 2007
Delaware Alaska Connecticut Wyoming New York South Carolina Idaho Arkansas West Virginia Mississippi Puerto Rico 34,673 34,113 33,643 31,849 30,337 22,758
Dlares Dollars
1,813.0 1,142.0 1,103.0 734.5 609.6
108,491 65,133 61,750 60,276 57,158
Estimado de poblacin, 1 de julio de 2007

Population Estimate, July 1, 2007
California Texas New York Florida Illinois South Dakota Alaska North Dakota Vermont Wyoming Puerto Rico 796.2 683.5 639.7 621.3 522.8 3,941.5
Miles Thousands
Ingreso personal 2007

Personal Income 2007
California New York Texas Florida Illinois Alaska South Dakota Vermont Wyoming North Dakota Puerto Rico 26.8 26.0 22.2 21.8 21.6 53.1
36,553.2 23,904.4 19,297.7 18,251.2 12,852.5
1,477.0 883.0 856.4 682.5 504.5
42
Comparacin con los estados - Statewide Comparison with the States

Ingreso personal per cpita 2007
Personal Income Per Capita 2007
Connecticut New Jersey Massachusetts Maryland New York Utah Arkansas West Virginia Lousiana Mississippi Puerto Rico 13,468 30,007 29,090 28,837 32,971 27,702
Dlares Dollars
Por ciento de cambio en el ingreso personal 2003-07

Percent Change in Personal Income 2003-07
Nevada Arizona Wyoming Florida Utah Wisconsin Indiana Maine Ohio Michigan Puerto Rico 12.4 20.1
Por ciento Percent
52,318 47,964 47,611 44,854 45,758
47.0 38.7 37.7 35.8 35.6 19.1 18.8 18.1 16.2
Fuerza laboral total, marzo 2008

Total Labor Force, March 2008
California Texas New York Florida Illinois South Dakota North Dakota Alaska Vermont Wyoming Puerto Rico 439.8 365.3 352.8 350.0 291.1 1,361.9
Miles Thousands
Fuerza laboral como por ciento de la poblacin total

Labor Force as a Percent of Total Population
North Dakota Colorado Vermont New Hampshire Minnesota Oklahoma Alabama Louisiana Mississippi West Virginia Puerto Rico 34.6 57.1 56.5 56.3 56.3 56.2 47.4 47.3 46.6 45.4 44.4
Por ciento Percent
18,302.9 11,590.4 9,492.9 9,186.3 6,768.7
43
Personas desempleadas, marzo 2008

Unemployed Persons, March 2008
California Texas New York Florida Michigan Vermont Delaware North Dakota South Dakota Wyoming Puerto Rico 488,829 479,547 437,264 390,439 18,426 17,452 14,476 13,212 10,922 125,478
Nmero Number
Tasa de desempleo, marzo 2008

Unemployment Rate, March 2008
Michigan Alaska Rhode Island California Oregon Utah Nebraska Oklahoma Hawaii South Dakota Puerto Rico 3.5 3.3 3.3 3.0 3.0
Tasa Rate
1,180,993
7.9 7.4 6.7 6.5 6.3
9.2
Por ciento de cambio en el empleo 2007-08

Percent Change in Employment 2007-08
Nevada Utah Colorado Mississippi Washington Kentucky Missouri Michigan Vermont Rhode Island Puerto Rico -4.0 -2.4 -1.5 -1.6 -2.0
Por ciento Percent
Por ciento de cambio en el empleo 2002-08

Percent Change in Employment 2002-08
Nevada Utah Arizona Washington Florida Vermont Missouri Massachusetts Alabama Michigan Puerto Rico -2.4 5.4 1.4 0.4 0.3 0.0
Por ciento Percent
3.0 2.2 2.0 1.8 1.8 -0.8
22.5 20.8 17.6 15.5 14.8
44
Comparacin Internacional - International Comparison

Comparacin Internacional 2007 (a) Mxico Estados Unidos Canad Mexico United States Canada
Poblacin (Miles) Millas cuadradas Poblacin por milla cuadrada Producto Interno Bruto (Miles de millones de $) Producto Interno Bruto (Precios del 2000) Tasa de cambio Exportaciones de mercancas (Millones de $) Importaciones de mercancas (Millones de $) Balance comercial (Millones de $) Balance comercial de bienes y servicios (Millones de $) Balance cuenta corriente (Millones de $) Empleo (Miles) Tasa de desempleo (%) Apertura econmica 105,790.7 742,486.0 142.5 893.4 687.6 10.9 271,875.3 282,975.2 (11,099.9) (31,722.2) (7,370.2) N/A 3.7 62.1% 302,087.0 3,537,421.0 85.4 13,841.4 11,566.9 1.0 1,163,185.0 1,953,297.2 (790,112.2) (708,515.0) (738,639.0) 146,046.7 4.6 22.5% 32,976.0 3,511,006.0 9.4 1,433.1 866.9 1.1 419,466.3 378,559.5 40,906.8 27,732.8 12,522.4 16,866.4 6.0 55.7%
International Comparison 2007 (a) Japn Japan

127,765.0 144,689.0 883.0 4,379.8 5,205.2 117.8 712,642.2 620,645.8 91,996.4 83,861.5 210,459.8 64,120.0 3.9 30.4%
Singapur Singapore
4,588.6 263.0 17,447.1 161.6 132.9 1.5 299,334.4 263,180.3 36,154.1 46,516.0 39,066.9 2,730.8 2.1 348.1%
Taiwn Corea del Sur Taiwan South Korea

22,866.9 12,456.0 1,835.8 383.3 417.1 32.9 234,701.3 218,555.9 16,145.4 24,011.0 31,701.0 10,293.9 3.9 118.3% 48,456.4 37,911.0 1,278.2 970.0 705.7 929.6 371,489.1 356,845.7 14,643.4 8,834.5 5,954.3 23,432.8 3.2 75.1%
Irlanda Ireland
4,339.0 26,598.0 163.1 254.5 139.4 0.7 121,331.8 85,499.4 35,832.4 25,829.2 -12,678.7 2,117.2 4.6 81.3%
Puerto Rico Puerto Rico

3,934.6 3,459.0 1,137.5 89.7 68.3 1.0 66,077.1 51,334.5 14,742.7 (15,648.6) (4,861.0) 1,262.9 10.4 130.9% Population (Thds.) Square Miles Population Per Square Mile Gross Domestic Product (Billion $) Gross Domestic Product (2000 Prices) Exchange Rate Merchandise Exports (Million $) Merchandise Imports (Million $) Trade Balance (Million $) Goods and Services Trade Balance (Million $) Current Account Balance (Million $) Employment (Thds.) Unemployment Rate (%) Economic openness
(A) Ao calendario 2007, Puerto Rico ao fiscal 2007. Fuentes: Global Insight. Statistical Abstract of the United States 2008, U.S. Department of Commerce, Economic and Statistics Administration, Bureau of the Census. Junta de Planificacin de Puerto Rico
(A) Calendar year 2007, Puerto Rico fiscal year 2007. Sources: Global Insight. Statistical Abstract of the United States 2008, U.S. Department of Commerce, Economic and Statistics Administration, Bureau of the Census. Puerto Rico Planning Board
45
Banco Gubernamental de Fomento para Puerto Rico Government Development Bank for Puerto Rico
Los datos de 2002 contabilizan la fusin del Banco de la Vivienda con la Corporacin para el Financiamiento de la Vivienda para crear una entidad que centraliza el financiamiento para vivienda en la Isla: la Autoridad para el Financiamiento de la Vivienda.
Total de activos
Total Assets
12,746.8
Total de pasivos
Total Liabilities
11,927.1 10,650.4 6,683.9
10,366.1
The 2002 figures include the Housing Bank merge with the Puerto Rico Housing Finance Corporation to create a single public housing finance institution: the Puerto Rico Housing Finance Authority.
8,676.4
8,867.0
9,222.7
8,228.6
8,252.5
7,858.4
7,823.6
7,548.9
6,243.6
6,420.5
6,605.3
'97
'98
'99
'00
'01
'02
'03
'04
'05
'06
'07
'97
'98
'99
'00
6,091.5
'01
6,674.3
'02
'03
6,711.2
6,906.6
'04
8,404.0
'05
'06
Total de capital
Activos netos Total Capital
Net Assets
2,155.8
Ingreso neto - Cambio en activos netos

Net Income - Change in Net Assets
300 200 2,316.1 2,271.2 100 0 -100 -200
149.9
217.7 132.7 106.7 102.5 153.6 160.4 84.9 134.3
174.8
2,002.2
1,305.3
1,438.0
1,544.6
1,647.1
1,732.1
1,962.2
2,096.4
-300 -400 '97 '98 '99 '00 '01 '02 '03 '04 (354.0) '05 '06 '07
'97
'98
'99
'00
'01
'02
'03
'04
'05
'06
'07
46
9,655.8 '07
Primary Sources: Fuentes principales: Puerto Rico Planning Board Junta de Planificacin de Puerto Rico Puerto Rico Department of the Treasury Departamento de Hacienda de Puerto Rico Departamento del Trabajo y Recursos Humanos de Puerto Rico Puerto Rico Department of Labor and Human Resources Departamento de Educacin de Puerto Rico Puerto Rico Department of Education Consejo de Educacin Superior de Puerto Rico Puerto Rico Council on Higher Education Banco Gubernamental de Fomento para Puerto Rico Government Development Bank for Puerto Rico Puerto Rico Acueduct and Sewer Authority Autoridad de Acueductos y Alcantarillados de Puerto Rico Autoridad de Energa Elctrica de Puerto Rico Puerto Rico Electric Power Authority Oficina del Comisionado de Instituciones Financieras Office of the Commissioner of Financial Institutions Publicado por: Banco Gubernamental de Fomento para Puerto Rico Noviembre 2008 Compilacin de datos, produccin de grficas y anlisis: Oficina de Anlisis y Estudios Econmicos Edicin, arte y produccin: Oficina de Comunicaciones Banco Gubernamental de Fomento para Puerto Rico PO Box 42001 San Juan, Puerto Rico 00940-2001 Telfono (787) 722-2525 Facsmil (787) 268-5496 www.gdbpr.com bgf@bgf.gobierno.pr Oficina de Nueva York 135 w. 50th Street - 22nd Floor New York, NY 10020 Telfono (212) 422-6420 Facsmil (212) 422-6434 Published by: Government Development Bank for Puerto Rico November 2008 Data collection, production of charts and tables, and analysis: Office of Analysis and Economic Studies Editing, art and production by: Office of Communications Government Development Bank for Puerto Rico PO Box 42001 San Juan, Puerto Rico 00940-2001 Telephone (787) 722-2525 Fax (787) 268-5496 www.gdbpr.com gdbpr@bgf.gobierno.pr New York Office 135 w. 50th Street - 22nd Floor New York, NY 10020 Telephone (212) 422-6420 Fax (212) 422-6434

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ndice - Index

Territorio y Demografa - Territory and Demographics

Crecimiento poblacional por municipio del 2000 al 2007

Dorado Vega Alta

Ciales Lares Utuado Jayuya Adjuntas

Trujillo Alto Gurabo Caguas

Aguas Buenas Cidra

Aibonito Coamo Cayey

Juana Daz Santa Isabel Salinas Guayama

Menos de 0% Less than 0% 0% 5.00%

5.01% 10.00% 10.01% 15.00%

15.01% 20.00% 20.01% 25.00%

Esperanza de vida al nacer por gnero

1.0 0.75 0.56 0.45 0.53 0.55 0.52 0.8

Ambos sexos Both

0.41 0.44 0.38

59.5 62.4 60.9

* Promedio de los estimados de poblacin al principio y al final 0.6 del ao fiscal.

9.3 9.7 8.9 8.4 9.3 7.7 8.6 7.8

Crecimiento natural de la poblacin

13.1 13.2 13.0

7.2 7.4 5.2 5.4

10.8 8.2 5.3

Nacimientos por cada 1,000 habitantes Births per 1,000 inhabitants

18.5 18.6 17.3 17.2 15.7 14.9

Estimado de poblacin por edad y gnero, 2007

Ambos sexos Both sexes

60-64 65-69 70-74 75-79 80+

ndice de dependencia demogrfica

Indicadores Macroeconmicos - Macroeconomic Indicators

Producto Nacional Bruto - Gross National Product

Identidad del PNB

Producto nacional bruto por origen

Crecimiento real del producto nacional bruto y la demanda interna

Gastos de consumo de gobierno Government Consumption Expenditures

Compras al resto del mundo Purchases Rest of the World

Producto Nacional Bruto - Gross National Product

Indicadores econmicos de Puerto Rico

PIB por trabajador GDP per Worker

70 Compensacin promedio por trabajador Average Compensation per Worker

Gastos de consumo personal

Gastos de consumo personal 2007

Duraderos Durable 10.9%

Por ciento de participacin Personal Consumption Expenditures 2007

Ingreso Personal - Personal Income

Transferencias Federales a las Personas 2007

15.0% Total $10,828.5 MM $1,926.0 MM

Inversin como por ciento del PNB

25.2 23.9 23.6

Inversin interna bruta de capital fijo

Inversin en Maquinaria y equipo

222.0 5,661.8 '07

4,000 3,000 2,000 1,000 0

1,102.0 3,100.2 2,311.5

Valor real de la inversin en construccin (Precios del 2007)

Inversin real en construccin

1.0 -1.1 -4.6 -3.9 -6.9 -10.5 -6.3

Edificios industriales y comerciales* Commercial & Industrial Buildings*

1,242.4 2,439.6 1,007.8

Inversin Corriente en Construccin

7.8 5.0 4.1 1.7 5.5

-2.4 -6.8 '03 '04

-1.2 -3.8 -6.0 -7.4 -5.9 -8.7 '06

Inversin pblica en construccin