From 2012 to 2017, “real,” or inflation-adjusted, consumer spending for Puerto Rico contracted at an average annual rate of 1.8 percent, consistent with steady declines in the population over this time period. Online tool for visualization and analysis. Puerto Rico gdp per capita for 2016 was $30,627, a 2.9% increase from 2015. $) Share in 2019 (%) Rank PPP/Nom; 2018 2019 Change N. America World N. America World; Antigua and Barbuda: 2.583 If you continue to navigate this website beyond this page, cookies will be placed on your browser. A nation's GDP at official exchange rates (OER) is the home-currency-denominated annual GDP figure divided by the bilateral average US exchange rate with that country in that year. The plan also projects a brief burst of 7.6 percent GDP growth for 2019 — a figure Caraballo said is overly optimistic. The statistic shows the growth in real GDP in Puerto Rico from 2009 to 2018, with projections up until 2021. Access the latest politics analysis and economic growth summary through 2011 for Puerto Rico from The Economist Intelligence Unit Puerto Rico GDP Growth Rate table by year, historic, and current data. Closing the budget deficit while restoring economic growth and employment remain the central concerns of the government. Moreover, recurrent earthquakes pose a downside risk to the outlook. This variable has been recording falls in FY 2017 and FY 2018 fiscal years. ... 1960 - 2019 GDP growth (annual %) ... GDP per capita growth (annual %) Download. WDI Tables. GDP (official exchange rate): This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. The GDP value of Puerto Rico represents 0.09 percent of the world economy. Online tool for visualization and analysis. Puerto Rico gdp per capita for 2017 was $31,109, a 1.57% increase from 2016. Per capita GDP growth can be broken down into a part which is due to growth in labour productivity (GDP per hour worked) and a part which is due to increased labour utilisation (hours worked per capita). Puerto Rico's merchandise trade surplus is exceptionally strong, with exports nearly 50% greater than imports, and its current account surplus about 10% of GDP. The Trading Economics Application Programming Interface (API) provides direct access to our data. World Bank national accounts data, and OECD National Accounts data files. Publish your articles and forecasts in our website. Puerto Rico gdp per capita for 2019 was $32,874, a 3.96% increase from 2018. Download historical data for 20 million indicators using your browser. Puerto Rico has a highly educated and skilled workforce and is considered a customs territory of the US making it possible for the companies from the US to establish in Puerto Rico. The Commonwealth of Puerto Rico has a population of around 3.3 million. Direct access to our calendar releases and historical data. The gross domestic product (GDP) measures of national income and output for a given country's economy. Puerto Rico carries more debt per capita than any state in the United States. Mapa’s fourth quarter economic growth forecast compares with the 6.2 percent in the third quarter after the slower-than-expected 5.6-percent and 5.5-percent GDP expansions in the first and second. Facts and statistics about the GDP - composition by sector of Puerto Rico. This site uses cookies to optimize functionality and give you the best possible experience. Data source is International Monetary Fund World Economic Outlook (October-2018). Puerto Rico's GDP decreased by 2% in 2019. These annual statistics cover the time period from 2012 to 2017. The Gross Domestic Product (GDP) in Puerto Rico expanded 1.50 percent in 2019 from the previous year. Population growth rate:-1.7% (2018 est.) The sectors of GDP that Puerto Rico's external debt is part of the U.S. debt, but the island has a public debt approaching US$16 billion. 1960-2019 Data | 2020-2022 Forecast | Historical | Chart | News. 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. Chart 1 shows the year-by-year decline in real consumer spending and population for Puerto Rico. Download the entire news release (PDF 120KB) 19/11/2019 - Growth of real gross domestic product (GDP) in the OECD area slowed marginally‎ to 0.3% in the third quarter of 2019, compared with 0.4% in the previous quarter, according to provisional estimates.. Puerto Rico's merchandise trade surplus is exceptionally strong, with exports nearly 50% greater than imports, and its current account surplus about 10% of GDP. Personal Consumption Expenditures, Private Fixed Investment, and Net Exports of Goods SAN JUAN, PUERTO RICO (October 15, 2019) -- Today, the Bureau of Economic Analysis (BEA) released prototype statistics for personal consumption expenditures, private fixed investment, and net exports of goods for Puerto Rico. DataBank. Puerto Rico is ranked as Caribbeans high-income economy and Latin Americas most competitive economy. Labour productivity is a key driver of economic growth and changes in living standards, measured notably by growth in GDP per capita. However, re-building efforts made after Puerto Rico was hit by its biggest earthquake in a century in … The economy shifted from a primarily … GDP (Nominal), GDP (PPP), GDP (Nominal) per capita, GDP (PPP) per capita, GDP Growth and rank in 2019. WDI Tables. GDP growth (annual %) - Puerto Rico from The World Bank: Data. DataBank. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Country. Updated as of 2019. Closing the budget deficit while restoring economic growth and employment remain the central concerns of the government. OECD GDP growth slows to 0.3% in the third quarter of 2019 . Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building. CSV XML EXCEL. All suggestions for corrections of any errors about Puerto Rico PEOPLE 2019 should be addressed to the CIA. The Gross Domestic Product (GDP) in Puerto Rico was worth 104.99 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. To learn more about cookies, click here. The prototype estimates showed that the Puerto Rico economy, as measured by inflation-adjusted (or “real”) GDP, expanded from 2012 to 2014, before turning down in 2015 and continuing to decrease through 2018. To make matters worse, Puerto Rico's unemployment rate is above 15%, more than double the 7.3% in the mainland, per the Bureau of Labor Statistics. Find Out, Online tool for visualization and analysis. Puerto Rico economic growth for 2019 was $104.99B, a 3.97% increase from 2018. country comparison to the world: ... 6% of GDP (2014) country comparison to the world: 36 [see also: ... No claims are made regarding the accuracy of Puerto Rico PEOPLE 2019 information contained here. Graph and download economic data for Gross Domestic Product for Puerto Rico (NYGDPMKTPCDPRI) from 1960 to 2019 about Puerto Rico and GDP. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. ... 1961 - 2019 GDP (constant 2010 US$) ... GDP per capita growth (annual %) Download. The ... GDP 2017, billions $104 $4 $19,485 Job growth 2018, 5-year change -6.8% -13.9% 9.3% ... 2019 203 Puerto Rico Economic Indicators Manufacturing Employment Thousands Leisure & … The gross domestic product (GDP), the output of goods and services produced by labor and property located in Puerto Rico, showed an increase of 4.0% in current prices for FY 2019 (Figure 2). Puerto … Puerto Rico Economic Growth The economy is set to recover mildly in FY 2021 (July 2020–June 2021), as growth is not expected until the second half of the year due to lingering uncertainty over the evolution of the pandemic and its associated measures weighing on activity. Current Puerto Rico GDP Growth Rate is -2.61%. CSV XML EXCEL. Country. List of U.S. metropolitan areas by GDP per capita Notes Edit ^ 2020 Q2 for the 50 states and District of Columbia; 2019 for Puerto Rico; 2018 for American Samoa, Guam, and the Northern Mariana Islands; 2017 for the U.S. Virgin Islands Population, GDP, life expectancy, birth rate and other key metrics for Puerto Rico. Gross domestic product (GDP) growth rate in Puerto Rico 2021 Profit from additional features with an Employee Account Please create an employee account … Selected Countries and Economies. Thematic data tables from WDI. OECD GDP growth slows to 0.2% in the fourth quarter of 2019 . Puerto Rico Coronavirus Cases at 53708.00 Persons, Puerto Rico Coronavirus Deaths at 2.00 Persons, Puerto Rico Coronavirus Recovered at 0.00 Persons, Ease of Doing Business in Puerto Rico at 65.00, Puerto Rico Internet Speed at 12366.58 KBps, Puerto Rico Average Precipitation at 94.71 mm, Puerto Rico Average Temperature at 25.12 celsius, Puerto Rico Balance of Trade at 704.70 USD Million, Puerto Rico Exports at 4363.50 USD Million, Oil Rallies after OPEC Announce Production Cut, Uruguay Inflation Rate Eases to 8-Month Low, Armenia Inflation Rate Rises to 1.6% in November, South Africa Stocks End at Over 10-Month High. That was partly due to the government’s tighter fiscal stance, natural disasters and a dwindling population. GDP (current US$) - Puerto Rico from The World Bank: Data. The economy is considered highly vulnerable to changes in the world economies due to the dependence on imported goods such as food materials as well as industrial raw materials. Selected Countries and Economies. The geography of Puerto Rico and its political statusare both determining factors on its economic prosperity, primarily due to its relativ… Puerto Rico gdp per capita for 2018 was $31,622, a 1.65% increase from 2017. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. The main drivers of Puerto Rico's economy are manufacturing, primarily pharmaceuticals, textiles, petrochemicals, and electronics; followed by the service industry, notably finance, insurance, real estate, and tourism. Puerto Rico Population Growth. Thematic data tables from WDI. Source: Puerto Rico Planning oard. GDP Annual Growth Rate in Puerto Rico averaged 3.34 percent from 1961 until 2019, reaching an all time high of 13.80 percent in 1971 and a record low of -4.30 percent in 2018. 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