OECD GDP growth slows to 0.3% in the third quarter of 2019 . GDP (Nominal), GDP (PPP), GDP (Nominal) per capita, GDP (PPP) per capita, GDP Growth and rank in 2019. 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. The plan also projects a brief burst of 7.6 percent GDP growth for 2019 — a figure Caraballo said is overly optimistic. Graph and download economic data for Gross Domestic Product for Puerto Rico (NYGDPMKTPCDPRI) from 1960 to 2019 about Puerto Rico and GDP. Puerto Rico GDP Growth Rate table by year, historic, and current data. Puerto Rico gdp per capita for 2019 was $32,874, a 3.96% increase from 2018. Puerto Rico Population Growth. Closing the budget deficit while restoring economic growth and employment remain the central concerns of the government. 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. The statistic shows the growth in real GDP in Puerto Rico from 2009 to 2018, with projections up until 2021. Labour productivity is a key driver of economic growth and changes in living standards, measured notably by growth in GDP per capita. Population, GDP, life expectancy, birth rate and other key metrics for Puerto Rico. Puerto Rico is ranked as Caribbeans high-income economy and Latin Americas most competitive economy. Access the latest politics analysis and economic growth summary through 2011 for Puerto Rico from The Economist Intelligence Unit 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). Find Out, Online tool for visualization and analysis. The geography of Puerto Rico and its political statusare both determining factors on its economic prosperity, primarily due to its relativ… The Gross Domestic Product (GDP) in Puerto Rico expanded 1.50 percent in 2019 from the previous year. Source: Puerto Rico Planning oard. Selected Countries and Economies. 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. This variable has been recording falls in FY 2017 and FY 2018 fiscal years. 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. The Trading Economics Application Programming Interface (API) provides direct access to our data. Facts and statistics about the GDP - composition by sector of Puerto Rico. OECD GDP growth slows to 0.2% in the fourth quarter of 2019 . The last full US census results, from 2010, showed that there were 3,725,789 people in Puerto Rico, so the population decrease was 19,099 in a single year. 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. Thematic data tables from WDI. 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. Publish your articles and forecasts in our website. 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. 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. Chart 1 shows the year-by-year decline in real consumer spending and population for Puerto Rico. Among the Major Seven economies, GDP growth slowed markedly in Japan … 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 gross domestic product (GDP) measures of national income and output for a given country's economy. ... 1960 - 2019 GDP growth (annual %) ... GDP per capita growth (annual %) Download. The sectors of GDP that Moreover, recurrent earthquakes pose a downside risk to the outlook. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Gross domestic product (GDP) growth rate in Puerto Rico 2021 Profit from additional features with an Employee Account Please create an employee account … 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). Current Puerto Rico GDP Growth Rate is -2.61%. Puerto Rico gdp per capita for 2018 was $31,622, a 1.65% increase from 2017. DataBank. GDP (current US$) - Puerto Rico from The World Bank: Data. Puerto Rico economic growth for 2019 was $104.99B, a 3.97% increase from 2018. 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 World Bank national accounts data, and OECD National Accounts data files. Population growth rate:-1.7% (2018 est.) Country. 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. Online tool for visualization and analysis. Closing the budget deficit while restoring economic growth and employment remain the central concerns of the government. Download historical data for 20 million indicators using your browser. 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 & … $) Share in 2019 (%) Rank PPP/Nom; 2018 2019 Change N. America World N. America World; Antigua and Barbuda: 2.583 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.
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