Port Everglades infuses more than $2.4 billion annually to the county’s economy (ibid). It handles about 4 million cruise passengers and over 26 million tons of cargo annually, and nearly 6,400 cargo and cruise ships call at the port each year (ibid). According to Broward County Department of Urban Planning and Redevelopment, Port Everglades has been ranked as one of the five fastest growing container ports among the nation’s 20 largest seaports. It handles more than 22.1 percent of the entire state of Florida’s waterborne imports and exports.
Fishing is another sector that is important to the Broward County economy, and coral reefs are important habitat for species targeted by commercial and recreational fishermen. In 2002, there were 26 business establishments in the charter-fishing-&-party-fishing-boat subsector (NAICS 4872102) in the County (2002 Economic Census, Transportation and Warehousing Subject Series).
Puerto Rico is an archipelago comprised of the main island (Puerto Rico) and several smaller oceanic islands: Mona, Monito, Desecheo, Caja de Muertos, Vieques, and Culebra, and still smaller islands known as the “Cordillera de Fajardo.” Its waters extend 9 nautical miles (10.36 statute miles) off its shore. See Figure 5.3.14. About one-third of the population lives around the capitol city of San Juan, and over 11 percent of the population in San Juan. Other major municipalities are Bayamón, Ponce, Carolina, Arecibo, Guaynabo, and Mayaguez.
Figure 5.3.14. Puerto Rico. Image Source: Central Intelligence Agency.
According to the U.S. Census Bureau, the population of Puerto Rico increased about 3 percent from April 1, 2000 to July 1, 2006, with approximately 3.93 million people in 2006. The increase in population has been accompanied by a larger percentage increase in housing units. Housing units increased from about 1.26 million in 2000 to approximately 1.44 million in 2005, an increase of about 14.2 percent. In 2005, median household income in Puerto Rico was $17,184, as compared to $46,242, which was the median household income for the U.S. as a whole.
Manufacturing dominates Puerto Rico’s industrial sector. In fiscal year 2002, the Manufacturing sector accounted for approximately 42 percent of Puerto Rico’s Gross Domestic Product. The value of sales, receipts or shipments from manufacturing was approximately $58.6 billion. See Table 5.3.25. The chemical industry is the largest component of the manufacturing sector, with about a 64 percent share (Government Development Bank for Puerto Rico 2003), and that in turn is dominated by the pharmaceutical and medicine-manufacturing sector. Food, electronics, and apparel manufacturing are other major manufacturing industries in the Territory.
Retail Trade and Wholesale Trade follow Manufacturing as key sectors. In 2002, Retail and Wholesale Trade combined accounted for sales, receipts or shipments totaling $46.5 billion. The top three sectors by number of employees are Retail Trade, Health Care & Social Assistance, and Construction.
Table 5.3.25. 2002 Economic Census, Summary Statistics, Puerto Rico. Source: U.S. Census Bureau.
| Description | Employer Establish- ments | Sales, Receipts or Shipments ($1,000) | Annual Payroll ($1,000) | Paid Employees |
21
|
Mining
|
44
|
107,000
|
18,834
|
949
|
22
|
Utilities
|
18
|
369,932
|
21,040
|
503
|
23
|
Construction
|
2,683
|
5,523,472*
|
1,009,747
|
67,288
|
31-33
|
Manufacturing
|
2,196
|
58,580,060
|
N
|
N
|
42
|
Wholesale trade
|
2,313
|
16,172,710
|
1,009,360
|
39,316
|
44-45
|
Retail trade
|
11,465
|
20,422,975
|
1,655,584
|
122,435
|
48-49
|
Transportation & warhousing
|
1,071
|
2,076,573
|
253,758
|
13,137
|
51
|
Information
|
462
|
3,686,792
|
633,161
|
19,696
|
52
|
Finance & insurance
|
1,809
|
10,233,015
|
1,152,628
|
36,059
|
53
|
Real estate & rental & leasing
|
1,783
|
1,698,631
|
148,334
|
8,183
|
54
|
Professional, scientific & technical services
|
3,965
|
2,836,774
|
701,485
|
26,197
|
55
|
Management of companies & enterprises
|
94
|
511,676
|
79,091
|
2,237
|
56
|
Administrative & support & waste management & remediation service
|
1,724
|
2,336,978
|
88,063
|
61,703
|
61
|
Educational services
|
306
|
242,810
|
74,829
|
4,647
|
62
|
Health care & social assistance
|
6,464
|
4,967,317
|
1,224,260
|
68,338
|
71
|
Arts, entertainment & recreation
|
369
|
278,975
|
45,393
|
3,115
|
72
|
Accommodation & food services
|
4,133
|
3,360,226
|
732,147
|
63,810
|
81
|
Other services (exceptu public administration)
|
3,324
|
1,470,563
|
281,805
|
18,417
|
N = Not available
|
|
* value of construction
|
|
|
Share with your friends: |