Per capita personal income in Puerto Rico was $11,500 in 2002, far lower than in any of the 50 states during that year, but far exceeding that of its Caribbean neighbors. Total net income increased from $1.3 billion in 1960 to $5 billion in 1972, $9 billion in 1980, and $24.5 billion in 1996. The gross domestic product was estimated at $45.7 billion in 2002, with an estimated growth rate that year of 0.5%.