The economy of Puerto Rico is classified as a high income economy by the World Bank and as the most competitive economy in Latin America by the World Economic Forum. It is classified by the International Monetary Fund as a developed jurisdiction with an advanced, high-income economy; it ranks highly on the Human Development Index. Puerto Rico currently has a public debt of $72.204 billion (equivalent to 103% of GNP), and a government deficit of $2.5 billion. According to World Bank, gross national income per capita in Puerto Rico in 2013 was $23,830 (PPP, International Dollars); it ranked 63rd among all sovereign and dependent territories in the world. Its economy is mainly driven by manufacturing (primarily pharmaceuticals, textiles, petrochemicals and electronics) followed by the service industry (primarily finance, insurance, real estate and tourism). In recent years, the unincorporated territory has also become a popular destination for MICE (meetings, incentives, conferencing, exhibitions), with a modern convention centre district overlooking the Port of San Juan.