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. Search and explore the world’s largest statistical database to find data. 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. Puerto Rico has suffered from a severe and prolonged economic slump for more than a decade, with GDP, Percentages for states are determined from the version of the count that excludes territories (21,729,124 million). Puerto Rico’s 8.5% unemployment rate is over two times the national average. Over 44% of Puerto Rico residentslive in poverty, more than double the highest poverty rate of any U.S. state. It … 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. To learn more about cookies, click here. If the territories are included, the total is 21,845,847 million. Annual change in U.S. GDP. The Commonwealth of Puerto Rico has a population of around 3.3 million. If you continue to navigate this website beyond this page, cookies will be placed on your browser. You can change your personal cookie settings through your internet browser settings. Our website uses cookies to improve your online experience. 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. Graph and download economic data for Gross Domestic Product for Puerto Rico (NYGDPMKTPCDPRI) from 1960 to 2019 about Puerto Rico and GDP. … Details. Puerto Rico’s real gross national product (GNP) has shrunk by more than 22% as of 2018. Graph and download economic data for Gross National Income for Puerto Rico (NYGNPMKTPCDPRI) from 1960 to 2019 about Puerto Rico and GNI. Puerto Rico gdp for … Puerto Rico gdp for 2019 was $104.99B, a 3.97% increase from 2018. Puerto Rico's external debt is part of the U.S. debt, but the island has a public debt approaching US$16 billion. B. Chart 1 shows the year-by-year decline in real consumer spending and population for Puerto Rico. Puerto Rico gnp for 2017 was $66.50B, a 0.97% decline from 2016. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Average Monthly Temperature 1901 - 2009 (C), Average Monthly Rainfall 1901 - 2009 (mm), International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building, Poverty headcount ratio at national poverty lines (% of population), GNI per capita, Atlas method (current US$), Statistical Capacity score (Overall average). 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. 1. 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. Knoema is the most comprehensive source of global decision-making data in the world. 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. CSV XML EXCEL. Moreover, recurrent earthquakes pose a downside risk to the outlook. Life expectancy at birth, total (years) As the island with the highest Gross Domestic Product (GDP) in the Caribbean and with a beneficial status as part of the United States, Puerto Rico should be moving to resolve its overall debt situation in 2019. GDP of Puerto Rico increased from 61.7 billion US dollars in 2000 to 103.26 billion US dollars in 2019 growing at an average annual rate of 2.79%. U.S. territories, like states, borrow through financial markets. Virtually all federal laws apply on the island, save a few exceptions, including a strong and robust protection for intellectual property and contracts. The San Juan-Caguas area is the largest of the island’s seven metropolitan areas, representing roughly 75 percent of the island’s economy. DataBank. Though Puerto Rico inflation rate fluctuated substantially in recent years, it tended to decrease through 2000 - 2019 period ending at 0.1 % in 2019. ... 1961 - 2019 GDP (constant 2010 US$) ... GDP per capita growth (annual %) Download. The CEO of Discover Puerto Rico, Brad Dean, noted that tourism makes up 10% of Puerto Rico's GDP.Following Hurricane Maria in 2017, he said: "The people of Puerto Rico have shown great resiliency...they are writing the textbook on how to use tourism to fuel economic recovery." Online tool for visualization and analysis. Poverty headcount ratio at national poverty lines (% of population) Details. Curated by Knoema’s data analysts to deliver leading short-term and long-term indicators and forecasts from trusted sources for each of the covered industries. Puerto Rico has a modern infrastructure and an institutional framework guided by the regulations of U.S. federal agencies, most of which have an active and continued presence in the island. The GDP value of Puerto Rico represents 0.09 percent of the world economy. GRAVITON | Insights from Apple's Financial Statements, RIWI | Chinese More Optimistic About Financial Futures Than are Americans, Current account balance as a share of GDP. Okay to continue Our tools allow individuals and organizations to discover, visualize, model, and present their data and the world’s data to facilitate better decisions and better outcomes. Puerto Rico GDP Growth Rate table by year, historic, and current data. CO2 emissions (metric tons per capita) Details. World and regional statistics, national data, maps and rankings, Discover new signals and insights from leading alternative and fundamental data providers, Latest releases of new datasets and data updates from different sources around the world. Thematic data tables from WDI. The Gross Domestic Product (GDP) in Puerto Rico expanded 1.50 percent in 2019 from the previous year. The data include the components of GDP: consumer spending, private fixed investment, private inventory investment, imports and … Puerto Rico gnp for 2018 was $67.15B, a 0.98% increase from 2017. They were placed on your computer when you launched this website. Puerto Rico's GDP decreased by 2% in 2019. WDI Tables. GDP growth (annual %) - Puerto Rico from The World Bank: Data. 2. Leverage our AI Workflow Tools and online data environment to manipulate, visualize, present, and export data. A. Climate; GDP (current US$) Details. Economic Census - Puerto Rico data are not comparable to U.S. Economic Census data Value Flags - Either no or too few sample observations were available to compute an estimate, or a ratio of medians cannot be calculated because one or both of the median estimates falls in the lowest or upper interval of an open ended distribution. A comprehensive measure of economic activity for Puerto Rico. Puerto Rico carries more debt per capita than any state in the United States. However, re-building efforts made after Puerto Rico was hit by its biggest earthquake in a century … Access the latest politics analysis and economic growth summary through 2011 for Puerto Rico from The Economist Intelligence Unit These annual statistics cover the time period from 2012 to 2017. In 2019, inflation rate for Puerto Rico was 0.1 %. The sectors of GDP that Our Insights blog presents deep data-driven analysis and visual content on important global issues from the expert data team at Knoema. The description is composed by our digital data assistant. 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. However, Puerto Rico’s merchandise trade surplus is remarkably strong. That was partly due to the government’s tighter fiscal stance, natural disasters and a dwindling population. Live data and insights on Coronavirus outbreak around the world, including detailed statistics for the US, Italy, EU, and China. Find Out. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. The statistic shows gross domestic product (GDP) in current international dollars in Puerto Rico from 1984 to 2018, with projections up until 2021. The Climate Change Knowledge Portal is a hub of information, data and reports about climate change around the world. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Making sure real figures and straight talk are part of the solution for Puerto Rico is an important aspect of reaching that goal. For most intents and purposes, Puerto Rico is treated as if it were a state of the United States, despite not being one. Federal Reserve Bank of St. Louis. Current Puerto Rico GDP Growth Rate is -2.61%. Tourism dollars majorly help the economy. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Data are in current U.S. dollars. Puerto Rico Jump to. According the WTCC the direct contribution of tourism in Puerto Rico in 2017 was $2.5 billion, while the estimate for the total contribution (including in directed and induced) was $7 billion, equivalent to 7% of GDP. In 2019, GDP for Puerto Rico was 103.26 billion US dollars. Live statistics for Economy of Puerto Rico. GDP is the value of the goods and services produced in a territory. Integrate your data with the world’s data in a personalized and collaborative environment, purpose-built to support your organizational objectives. School enrollment, primary (% gross) Details. The country exports nearly 50% greater than it imports, and its current account surplus about 10% of GDP. The statistic shows gross domestic product (GDP) per capita in current U.S. dollars in Puerto Rico from 1984 to 2018, with projections up until 2024. 46% of the GDP … Source: Puerto Rico Planning oard. GDP of Puerto Rico increased from 61.7 billion US dollars in 2000 to 103.26 billion US dollars in 2019 growing at an average annual rate of 2.79%. Closing the budget deficit while restoring economic growth and employment remain the central concerns of the government. ^ This excludes the U.S. territories. Puerto Rico gnp for 2019 was $70.18B, a 4.51% increase from 2018. This variable has been recording falls in FY 2017 and FY 2018 fiscal years. Quick data summaries and visualizations on trending industry, political, and socioeconomic topics from Knoema’s database. Puerto Rico gnp for 2016 was $67.15B, a 0.44% decline from 2015. Graph, map and compare more than 1,000 time series indicators from the World Development Indicators. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Here you can query, map, compare, chart and summarize key climate-related information. 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). This site uses cookies to optimize functionality and give you the best possible experience. Closing the budget deficit while restoring economic growth and employment remain the central concerns of the government. Closing the budget deficit while restoring economic growth and employment remain the central concerns of the government. Live estimate for national public debt today and since the beginning of the year. How big is the Visitor Economy in Puerto Rico? Its GDP (adjusted for purchasing power) is 40,796, according to the latest economic data. Current GDP (estimated data for 2020) and national debt. Online tool for visualization and analysis. Confirmed and recovered cases, deaths, alternative data on economic activities, customer behavior, supply chains, and more. ^ Percentage is out of a separate United States GDP total which includes the U.S. territories (21,845,847 million). Puerto Rico's consumer spending saw nearly that much drop on average during the 2012-2017 period. 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. In 2019, GDP for Puerto Rico was 103.26 billion US dollars. 3 Population, total.
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