The Gross Domestic Product (GDP) in Puerto Rico expanded 1.50 percent in 2019 from the previous year.

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. This page provides - Puerto Rico GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Puerto Rico GDP Annual Growth Rate - values, historical data and charts - was last updated on October of 2020.

GDP Annual Growth Rate in Puerto Rico is expected to reach -6.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Puerto Rico GDP Annual Growth Rate is projected to trend around -2.50 percent in 2021 and -1.60 percent in 2022, according to our econometric models.

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Puerto Rico GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.50 -4.30 13.80 -4.30 1961 - 2019 percent Yearly

Puerto Rico GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 1.50 -4.30 13.80 -4.30 percent [+]
GDP 104.99 100.98 104.99 1.69 USD Billion [+]
GDP per capita 27684.46 27362.43 28084.94 5831.72 USD [+]
GDP Per Capita Ppp 34517.60 34116.10 35016.90 21596.00 USD [+]


Puerto Rico GDP Annual Growth Rate
Puerto Rico is an unincorporated territory of the United States. Once one of the poorest islands in the Caribbean, now it has the highest GDP per capita in the region. Puerto Ricans are considered citizens of the United States and the territory receives funds from the federal government. The most important sector of the economy is export-driven pharmaceutical industry, followed by tourism. However, the private sector lacks the dynamism. As a result, the government is in poor fiscal condition, unemployment rate is high and the labour force participation rate extremely low.