puerto rico gdp 2019

DataBank. Live estimate for national public debt today and since the beginning of the year. In 2019, inflation rate for Puerto Rico was 0.1 %. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Here you can query, map, compare, chart and summarize key climate-related information. 1. 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. U.S. territories, like states, borrow through financial markets. 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. 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. Leverage our AI Workflow Tools and online data environment to manipulate, visualize, present, and export data. 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. 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 country exports nearly 50% greater than it imports, and its current account surplus about 10% of GDP. Puerto Rico gdp for 2019 was $104.99B, a 3.97% increase from 2018. Puerto Rico gnp for 2016 was $67.15B, a 0.44% decline from 2015. 46% of the GDP … WDI Tables. Poverty headcount ratio at national poverty lines (% of population) Details. These annual statistics cover the time period from 2012 to 2017. A. Puerto Rico gnp for 2017 was $66.50B, a 0.97% decline from 2016. Quick data summaries and visualizations on trending industry, political, and socioeconomic topics from Knoema’s database. That was partly due to the government’s tighter fiscal stance, natural disasters and a dwindling population. The Commonwealth of Puerto Rico has a population of around 3.3 million. Federal Reserve Bank of St. Louis. Online tool for visualization and analysis. Our Insights blog presents deep data-driven analysis and visual content on important global issues from the expert data team at Knoema. 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. 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. To learn more about cookies, click here. In 2019, GDP for Puerto Rico was 103.26 billion US dollars. In 2019, GDP for Puerto Rico was 103.26 billion US dollars. Thematic data tables from WDI. If the territories are included, the total is 21,845,847 million. How big is the Visitor Economy in Puerto Rico? It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Closing the budget deficit while restoring economic growth and employment remain the central concerns of the government. The statistic shows gross domestic product (GDP) in current international dollars in Puerto Rico from 1984 to 2018, with projections up until 2021. Integrate your data with the world’s data in a personalized and collaborative environment, purpose-built to support your organizational objectives. Puerto Rico carries more debt per capita than any state in the United States. 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). Virtually all federal laws apply on the island, save a few exceptions, including a strong and robust protection for intellectual property and contracts. Puerto Rico’s real gross national product (GNP) has shrunk by more than 22% as of 2018. Closing the budget deficit while restoring economic growth and employment remain the central concerns of the government. Population, total. Over 44% of Puerto Rico residentslive in poverty, more than double the highest poverty rate of any U.S. state. CO2 emissions (metric tons per capita) Details. 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. 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. Puerto Rico’s 8.5% unemployment rate is over two times the national average. This variable has been recording falls in FY 2017 and FY 2018 fiscal years. 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). 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. Moreover, recurrent earthquakes pose a downside risk to the outlook. 2. CSV XML EXCEL. Tourism dollars majorly help the economy. A comprehensive measure of economic activity for Puerto Rico. 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's merchandise trade surplus is exceptionally strong, with exports nearly 50% greater than imports, and its current account surplus about 10% of GDP. Current Puerto Rico GDP Growth Rate is -2.61%. Details. It … They were placed on your computer when you launched this website. Puerto Rico gdp for … The description is composed by our digital data assistant. Its GDP (adjusted for purchasing power) is 40,796, according to the latest economic data. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. 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. Graph and download economic data for Gross Domestic Product for Puerto Rico (NYGDPMKTPCDPRI) from 1960 to 2019 about Puerto Rico and GDP. Access the latest politics analysis and economic growth summary through 2011 for Puerto Rico from The Economist Intelligence Unit The San Juan-Caguas area is the largest of the island’s seven metropolitan areas, representing roughly 75 percent of the island’s economy. Puerto Rico's external debt is part of the U.S. debt, but the island has a public debt approaching US$16 billion. You can change your personal cookie settings through your internet browser settings. The sectors of GDP that Our website uses cookies to improve your online experience. Knoema is the most comprehensive source of global decision-making data in the world. Puerto Rico's consumer spending saw nearly that much drop on average during the 2012-2017 period. Puerto Rico Jump to. 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. Current GDP (estimated data for 2020) and national debt. 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. However, Puerto Rico’s merchandise trade surplus is remarkably strong. … 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. Search and explore the world’s largest statistical database to find data. Puerto Rico's GDP decreased by 2% 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%. The Climate Change Knowledge Portal is a hub of information, data and reports about climate change around the world. 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. 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." ... 1961 - 2019 GDP (constant 2010 US$) ... GDP per capita growth (annual %) Download. GDP is the value of the goods and services produced in a territory. School enrollment, primary (% gross) Details. B. Annual change in U.S. GDP. Making sure real figures and straight talk are part of the solution for Puerto Rico is an important aspect of reaching that goal. Puerto Rico has suffered from a severe and prolonged economic slump for more than a decade, with GDP, Puerto Rico GDP Growth Rate table by year, historic, and current data. Data are in current U.S. dollars. Climate; GDP (current US$) Details. The data include the components of GDP: consumer spending, private fixed investment, private inventory investment, imports and … 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. ^ This excludes the U.S. territories. The GDP value of Puerto Rico represents 0.09 percent of the world economy. Percentages for states are determined from the version of the count that excludes territories (21,729,124 million). Find Out. Though Puerto Rico inflation rate fluctuated substantially in recent years, it tended to decrease through 2000 - 2019 period ending at 0.1 % 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%. 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. Source: Puerto Rico Planning oard. GDP growth (annual %) - Puerto Rico from The World Bank: Data. Graph, map and compare more than 1,000 time series indicators from the World Development Indicators. The Gross Domestic Product (GDP) in Puerto Rico expanded 1.50 percent in 2019 from the previous year. Puerto Rico gnp for 2018 was $67.15B, a 0.98% increase from 2017. Live data and insights on Coronavirus outbreak around the world, including detailed statistics for the US, Italy, EU, and China. Chart 1 shows the year-by-year decline in real consumer spending and population for Puerto Rico. However, re-building efforts made after Puerto Rico was hit by its biggest earthquake in a century … Confirmed and recovered cases, deaths, alternative data on economic activities, customer behavior, supply chains, and more. Online tool for visualization and analysis. Live statistics for Economy of Puerto Rico. 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. Closing the budget deficit while restoring economic growth and employment remain the central concerns of the government. 3 ^ Percentage is out of a separate United States GDP total which includes the U.S. territories (21,845,847 million). This site uses cookies to optimize functionality and give you the best possible experience. Puerto Rico gnp for 2019 was $70.18B, a 4.51% increase from 2018. If you continue to navigate this website beyond this page, cookies will be placed on your browser. For most intents and purposes, Puerto Rico is treated as if it were a state of the United States, despite not being one. Life expectancy at birth, total (years) Graph and download economic data for Gross National Income for Puerto Rico (NYGNPMKTPCDPRI) from 1960 to 2019 about Puerto Rico and GNI. Fy 2017 and FY 2018 fiscal years inflation rate for Puerto Rico GDP growth rate table by year,,... A 3.97 % increase from 2018 Commonwealth of Puerto Rico GDP growth ( %... With the world uses cookies to optimize functionality and give you the best experience... National debt an important aspect of reaching that goal 2017 was $ 66.50B, 4.51!... 1961 - 2019 GDP ( adjusted for purchasing power ) is 40,796, according to the latest data! Portal is a hub of information, data and reports about climate change Knowledge Portal is hub! 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