Puerto rico gdp: GDP for Puerto Rico | U.S. Bureau of Economic Analysis (BEA)
Puerto Rico GDP 1960-2022 | MacroTrends
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. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.
- Puerto Rico gdp for 2020 was $103.14B, a 1.69% decline from 2019.
- Puerto Rico gdp for 2019 was $104.91B, a 3.95% increase from 2018.
- Puerto Rico gdp for 2018 was $100.
93B, a 2.44% decline from 2017. - Puerto Rico gdp for 2017 was $103.45B, a 0.85% decline from 2016.
93B, a 2.44% decline from 2017.
Data Source: World Bank
MLA Citation:
| Similar Country Ranking | |
|---|---|
| Country Name | GDP ( Billions of US $) |
| United States | $20,893.74B |
| Japan | $5,040.11B |
| Germany | $3,846.41B |
| United Kingdom | $2,756.90B |
| France | $2,630.32B |
| Italy | $1,892.57B |
| Canada | $1,645.42B |
| South Korea | $1,637. 90B |
| Australia | $1,327.84B |
| Spain | $1,281.48B |
| Netherlands | $913.87B |
| Switzerland | $752.25B |
| Saudi Arabia | $703.37B |
| Poland | $596.62B |
| Sweden | $541.49B |
| Belgium | $521.68B |
| Austria | $433.26B |
| Ireland | $425.89B |
| Israel | $407.10B |
| Argentina | $389.59B |
| Norway | $362.20B |
| UAE | $358.87B |
| Denmark | $356.08B |
| Singapore | $345. 30B |
| Hong Kong | $344.88B |
| Finland | $271.84B |
| Chile | $252.73B |
| Czech Republic | $245.34B |
| Portugal | $228.54B |
| New Zealand | $211.73B |
| Greece | $188.84B |
| Hungary | $156.74B |
| Qatar | $144.41B |
| Kuwait | $105.96B |
| Slovak Republic | $105.17B |
| Puerto Rico | $103.14B |
| Oman | $73.97B |
| Luxembourg | $73.35B |
| Croatia | $57.20B |
| Lithuania | $56. 55B |
| Panama | $53.98B |
| Slovenia | $53.59B |
| Uruguay | $53.56B |
| Bahrain | $34.72B |
| Latvia | $33.65B |
| Estonia | $30.65B |
| Macao | $25.59B |
| Cyprus | $24.69B |
| Iceland | $21.72B |
| Trinidad and Tobago | $21.39B |
| Malta | $14.92B |
| Brunei | $12.01B |
| Bahamas | $9.70B |
| New Caledonia | $9.44B |
| Bermuda | $6.88B |
| Monaco | $6. 82B |
| Guam | $5.84B |
| French Polynesia | $5.67B |
| Cayman Islands | $5.61B |
| Barbados | $4.69B |
| Virgin Islands (U.S.) | $4.20B |
| Faroe Islands | $3.24B |
| Greenland | $3.08B |
| Andorra | $2.89B |
| Aruba | $2.50B |
| Curacao | $2.50B |
| San Marino | $1.54B |
| Antigua and Barbuda | $1.37B |
| Seychelles | $1.20B |
| St. Kitts and Nevis | $0.98B |
| Turks and Caicos Islands | $0. 92B |
| Palau | $0.26B |
| Puerto Rico GDP – Historical Data | |||
|---|---|---|---|
| Year | GDP | Per Capita | Growth |
| 2020 | $103.14B | $31,430 | -3.90% |
| 2019 | $104.91B | $32,851 | 1.48% |
| 2018 | $100.93B | $31,605 | -4.15% |
| 2017 | $103.45B | $31,109 | -2.89% |
| 2016 | $104.34B | $30,627 | -1.26% |
| 2015 | $103.38B | $29,763 | -1. 05% |
| 2014 | $102.45B | $28,981 | -1.19% |
| 2013 | $102.45B | $28,513 | -0.31% |
| 2012 | $101.56B | $27,945 | 0.03% |
| 2011 | $100.35B | $27,279 | -0.36% |
| 2010 | $98.38B | $26,436 | -0.41% |
| 2009 | $96.39B | $25,769 | -1.95% |
| 2008 | $93.64B | $24,898 | -1.84% |
| 2007 | $89.52B | $23,665 | -1.16% |
| 2006 | $87.28B | $22,936 | -1. 41% |
| 2005 | $83.91B | $21,959 | -1.99% |
| 2004 | $80.32B | $20,989 | 8.75% |
| 2003 | $74.83B | $19,557 | 0.05% |
| 2002 | $71.62B | $18,731 | 0.92% |
| 2001 | $69.21B | $18,123 | 6.31% |
| 2000 | $61.70B | $16,192 | 3.27% |
| 1999 | $57.84B | $15,221 | 5.39% |
| 1998 | $54.09B | $14,304 | 5.53% |
| 1997 | $48.19B | $12,818 | 4. 88% |
| 1996 | $45.34B | $12,173 | 2.31% |
| 1995 | $42.65B | $11,579 | 4.55% |
| 1994 | $39.69B | $10,876 | 4.19% |
| 1993 | $36.92B | $10,212 | 4.64% |
| 1992 | $34.63B | $9,659 | 4.56% |
| 1991 | $32.29B | $9,064 | 2.30% |
| 1990 | $30.60B | $8,653 | -2.84% |
| 1989 | $28.16B | $8,033 | 4.34% |
| 1988 | $26.39B | $7,595 | 5. 89% |
| 1987 | $24.03B | $6,980 | 5.77% |
| 1986 | $22.01B | $6,455 | 4.98% |
| 1985 | $20.29B | $6,008 | 3.10% |
| 1984 | $19.16B | $5,730 | 5.93% |
| 1983 | $17.28B | $5,218 | -2.34% |
| 1982 | $16.76B | $5,115 | -1.56% |
| 1981 | $15.96B | $4,921 | 1.15% |
| 1980 | $14.44B | $4,503 | 4.24% |
| 1979 | $12.75B | $4,025 | 7. 91% |
| 1978 | $11.17B | $3,568 | 6.93% |
| 1977 | $9.91B | $3,209 | 5.95% |
| 1976 | $8.97B | $2,946 | 6.24% |
| 1975 | $8.20B | $2,738 | -0.65% |
| 1974 | $7.68B | $2,615 | 2.92% |
| 1973 | $7.00B | $2,432 | 6.34% |
| 1972 | $6.33B | $2,246 | 7.17% |
| 1971 | $5.65B | $2,044 | 6.37% |
| 1970 | $5.03B | $1,852 | 8.40% |
| 1969 | $4. 46B | $1,662 | 9.38% |
| 1968 | $3.94B | $1,481 | 5.18% |
| 1967 | $3.53B | $1,335 | 6.22% |
| 1966 | $3.17B | $1,208 | 7.50% |
| 1965 | $2.88B | $1,111 | 9.20% |
| 1964 | $2.57B | $1,006 | 7.06% |
| 1963 | $2.33B | $932 | 8.65% |
| 1962 | $2.09B | $855 | 8.32% |
| 1961 | $1.87B | $777 | 7.04% |
| 1960 | $1.69B | $718 | % |
Puerto Rico GDP Per Capita 1960-2022
GDP per capita is gross domestic product divided by midyear population.
GDP 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. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars.
- Puerto Rico gdp per capita for 2020 was $31,430, a 4.32% decline from 2019.
- Puerto Rico gdp per capita for 2019 was $32,851, a 3.94% increase from 2018.
- Puerto Rico gdp per capita for 2018 was $31,605, a 1.59% increase from 2017.
- Puerto Rico gdp per capita for 2017 was $31,109, a 1.57% increase from 2016.
Data Source: World Bank
MLA Citation:
| Similar Country Ranking | |
|---|---|
| Country Name | GDP Per Capita (US $) |
| Monaco | $173,688 |
| Luxembourg | $116,356 |
| Bermuda | $107,706 |
| Switzerland | $87,100 |
| Ireland | $85,423 |
| Cayman Islands | $85,347 |
| Norway | $67,330 |
| Faroe Islands | $66,321 |
| United States | $63,028 |
| Denmark | $61,063 |
| Singapore | $60,729 |
| Iceland | $59,264 |
| Greenland | $54,570 |
| Netherlands | $52,396 |
| Sweden | $52,300 |
| Australia | $51,680 |
| Qatar | $50,124 |
| Finland | $49,161 |
| Austria | $48,589 |
| Germany | $46,253 |
| Hong Kong | $46,101 |
| San Marino | $45,516 |
| Belgium | $45,189 |
| Israel | $44,178 |
| Canada | $43,258 |
| New Zealand | $41,597 |
| United Kingdom | $41,098 |
| Japan | $39,918 |
Virgin Islands (U. S.) | $39,552 |
| Macao | $39,403 |
| France | $39,037 |
| Andorra | $37,417 |
| UAE | $36,285 |
| New Caledonia | $34,695 |
| Guam | $34,624 |
| Italy | $31,835 |
| South Korea | $31,598 |
| Puerto Rico | $31,430 |
| Malta | $28,946 |
| Cyprus | $27,682 |
| Brunei | $27,443 |
| Spain | $27,056 |
| Slovenia | $25,490 |
| Kuwait | $24,812 |
| Bahamas | $24,665 |
| Turks and Caicos Islands | $23,880 |
| Aruba | $23,384 |
| Estonia | $23,054 |
| Czech Republic | $22,933 |
| Portugal | $22,195 |
| Bahrain | $20,407 |
| Lithuania | $20,232 |
| Saudi Arabia | $20,204 |
| French Polynesia | $20,183 |
| Slovak Republic | $19,267 |
St. Kitts and Nevis | $18,441 |
| Latvia | $17,704 |
| Greece | $17,647 |
| Barbados | $16,319 |
| Curacao | $16,110 |
| Hungary | $16,076 |
| Poland | $15,742 |
| Uruguay | $15,419 |
| Trinidad and Tobago | $15,286 |
| Oman | $14,485 |
| Palau | $14,244 |
| Croatia | $14,132 |
| Antigua and Barbuda | $13,993 |
| Chile | $13,221 |
| Panama | $12,510 |
| Seychelles | $12,194 |
| Argentina | $8,586 |
| Puerto Rico GDP Per Capita – Historical Data | ||
|---|---|---|
| Year | GDP Per Capita (US $) | Annual Growth Rate (%) |
| 2020 | $31,430 | -4. 32% |
| 2019 | $32,851 | 3.94% |
| 2018 | $31,605 | 1.59% |
| 2017 | $31,109 | 1.57% |
| 2016 | $30,627 | 2.90% |
| 2015 | $29,763 | 2.70% |
| 2014 | $28,981 | 1.64% |
| 2013 | $28,513 | 2.03% |
| 2012 | $27,945 | 2.44% |
| 2011 | $27,279 | 3.19% |
| 2010 | $26,436 | 2.59% |
| 2009 | $25,769 | 3.50% |
| 2008 | $24,898 | 5. 21% |
| 2007 | $23,665 | 3.18% |
| 2006 | $22,936 | 4.45% |
| 2005 | $21,959 | 4.62% |
| 2004 | $20,989 | 7.32% |
| 2003 | $19,557 | 4.41% |
| 2002 | $18,731 | 3.36% |
| 2001 | $18,123 | 11.93% |
| 2000 | $16,192 | 6.38% |
| 1999 | $15,221 | 6.41% |
| 1998 | $14,304 | 11.60% |
| 1997 | $12,818 | 5.29% |
| 1996 | $12,173 | 5. 13% |
| 1995 | $11,579 | 6.46% |
| 1994 | $10,876 | 6.50% |
| 1993 | $10,212 | 5.72% |
| 1992 | $9,659 | 6.57% |
| 1991 | $9,064 | 4.76% |
| 1990 | $8,653 | 7.71% |
| 1989 | $8,033 | 5.76% |
| 1988 | $7,595 | 8.81% |
| 1987 | $6,980 | 8.14% |
| 1986 | $6,455 | 7.44% |
| 1985 | $6,008 | 4.85% |
| 1984 | $5,730 | 9. 82% |
| 1983 | $5,218 | 2.01% |
| 1982 | $5,115 | 3.95% |
| 1981 | $4,921 | 9.28% |
| 1980 | $4,503 | 11.89% |
| 1979 | $4,025 | 12.80% |
| 1978 | $3,568 | 11.19% |
| 1977 | $3,209 | 8.90% |
| 1976 | $2,946 | 7.60% |
| 1975 | $2,738 | 4.73% |
| 1974 | $2,615 | 7.49% |
| 1973 | $2,432 | 8.28% |
| 1972 | $2,246 | 9. 89% |
| 1971 | $2,044 | 10.36% |
| 1970 | $1,852 | 11.46% |
| 1969 | $1,662 | 12.24% |
| 1968 | $1,481 | 10.89% |
| 1967 | $1,335 | 10.55% |
| 1966 | $1,208 | 8.73% |
| 1965 | $1,111 | 10.37% |
| 1964 | $1,006 | 8.02% |
| 1963 | $932 | 9.01% |
| 1962 | $855 | 9.98% |
| 1961 | $777 | 8.32% |
| 1960 | $718 | 8. 32% |
Economy of Puerto Rico – Top Industries, GDP and Wealth Level
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The economic development of our country has been difficult since the beginning of the Spanish colonization.
The indigenous people of the Taino were engaged in hunting, fishing and agriculture. As a result of ill-treatment by the Spaniards and high mortality from diseases imported from Europe, the Taino people ceased to exist as such. To replace the Indians, the colonialists began to bring slaves from Africa. The economy was based on gold mining, but by 1830 its reserves were depleted, a large number of inhabitants moved to the continent, and the development of the country slowed down. The Spaniards focused on the cultivation of sugar cane and cocoa.
The magnificent nature of the island of Puerto Rico can enchant any seasoned traveler. Fresh air, crystal clear emerald waters, …
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The development of the agricultural sector was held back by the lack of roads, the primitiveness of tools and technologies for growing crops, as well as natural disasters. After the transfer of the island to the US ownership, our economy continued to be dominated by the agricultural sector, the priority of which was the production of sugar.
But already at the beginning of 19In the 1940s, entrepreneurs and companies wishing to build factories began to be exempted from paying taxes. After that, industry began to dominate the economy of our country. The petrochemical and pharmaceutical industries have developed especially.
The American government has granted tax incentives to the island. This is one of the reasons why the standard of living in our country has reached a high level among the countries of the Caribbean. Despite this, our nation’s economic performance has never matched that of the poorest states in America. Employment rate for 2019was 36.5%, and the unemployment rate was 7.8%. Many residents are looking for opportunities to leave for work or permanent residence in the United States. American capital plays a decisive role in the economy of our country. 80% of firms registered in our country are affiliates of American companies. The largest of them are Westminhouse, General Electric, Johnson & Johnson.
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Our island has a tropical climate. Average temperatures range from +21°C in January to +31°C in August. The length of our …
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The refinery is located in Yacuboa and Bayamón. Its work depends on imported raw materials. Venezuela was the main supplier of oil. In addition to the oil refining industry, we have companies operating in the radio-electronic, light and food industries. The service sector for travelers provides an opportunity to comfortably relax on the beaches, make adventure, gastronomic, sports tours and replenish our budget with our finances.
Agriculture has two branches – crop production and animal husbandry. Sugarcane was the leading crop for centuries, but now its importance in crop production is declining, as is tobacco production. Other crops we grow include cocoa, pineapples, bananas. Animal husbandry provides 60% of agricultural products.
The economy of our country is strongly affected by natural disasters and dependence on oil imports. Disagreements with the American authorities also destabilize the economy.
You can travel around our country by air, rail, road transport. By air, communication has been established between 30 airports. …
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In 2006, the island was on the verge of a financial crisis due to a lack of cash. As a result, the Ministry of Education was closed and 1,536 public schools stopped working. In addition, 42 state bodies stopped their work. Ten days later, the solution was found in the form of another debt and a reform of the tax treaty. After these events, production volumes are constantly declining. Rapidly changing governments have failed to ensure a balanced budget. Instead, funds continued to be borrowed. This led to the fact that by 2015 it was no longer possible to service the accumulated debts. The amount of debt per capita was $16,000.
In 2016, the US Congress passed legislation to restore economic stability to Puerto Rico. Now the budget of our country will be approved by the FOMB organization created by the US Congress. The first step towards stabilization was the declaration of default on debts, but this led to the beginning of litigation between creditors and the government. In addition, our island’s economy has deteriorated following natural disasters. Hurricanes Irma and Maria caused $3.1 billion in damage. Part of the settlements remained without electricity for almost a year, storms destroyed roads and prevented the delivery of humanitarian aid for weeks. Economic difficulties were exacerbated by the political crisis provoked by Governor Rossello. The official, whose direct duty is to take care of fellow citizens, used insulting and degrading language against the victims of the hurricane.
The system of public administration has been formed since the reign of Spain.
The indigenous population was almost completely exterminated …
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Another problem in our economy is the virtual dual power, which allows politicians to shirk responsibility. This is expressed in the fact that the local government blames the US federal authorities for the economic decline. The latter resort to the same tactics instead of making effective decisions to overcome the crisis. The island has a minimum wage that does not allow residents to solve social problems. For this reason, the shadow economy flourishes. GDP in 2019year amounted to $ 103 billion, which is $ 27,341 per capita. The annual growth rate is still negative at -4.7%. In such conditions, the development of the economy in 2020 is not predictable.
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Puerto Rico – guide chapters
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Design hotel The Standard opens in Bangkok
Shops will open on its territory, adherents of an active lifestyle will be able to visit the gym.
One of the most pleasant places to relax promises to be an outdoor pool with a terrace. It will be located on one of the upper levels of the building and will become the highest “artificial beach” in the city.
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Puerto Rico through the eyes of a photographer
Microeconomics of Puerto Rico regions – shopping
Ponce
There are specialized shops in the city that sell locally produced organic cosmetics. It is distinguished by the highest quality and a very attractive price, especially aromatic body powder with fruit extracts and natural bath salts. Fans of unusual souvenirs will be pleased with a wide selection of handicrafts. In local shops, you can buy colorful carnival masks, figurines of patron saints, as well as smaller copies of famous … Read
Puerto Rico shopping card
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Economy of Puerto Rico
Wikipedia
September 22, 2021
The economy of Puerto Rico is the high-income and most competitive economy of Latin America165. The main drivers of the economy of Puerto Rico are manufacturing, pharmaceutical products, textiles, petrochemicals and electronics; Farther away is the sphere of services, finance, insurance, stability and tourism.
The geography of Puerto Rico and its political status are the primary factors of economic prosperity, due to the relatively small size of the island, the shortage of natural resources that are required for the selection of syrovin, and, hence, the fallow land for imports; as well as її vydnosiny z federal order of the United States, which controls its current policy, zdіysnyuyuchi trade fencing, especially at the galley of ship navigation.
During the Great Depression, Puerto Rico’s economy grew dramatically through foreign investment in the capital industry, such as naphthochemistry and pharmaceuticals. Zavdyaks of American concessions to the militants of the industry today can compete with the countries, where the salary is much lower than American standards. In the rest of the world, rich American and out-of-the-way virobniks moved to the low-paying regions of Latin America and Asia. Puerto Rico is subject to US labor laws and regulations.
Gross domestic product (GDP) of the island in 2004 increased by $17,700 per capita, demonstrating a significant increase in domestic income from 2002 ($14,412).
However, in order to compare the values with the main territory of the United States, it is worth considering the American statistics for the largest state of the United States of Mississippi in 2002-04, which earned $ 21,587 per capita, which is richer than Puerto Rican indicators. Beginning in 1952, the difference in GDP per capita between Puerto Rico and the main territory of the United States was left unchanged – the island may be approximately a third of the average value for the United States.
January 1, 2006 Puerto Rico’s budget was hit by a severe shortage of work, which forced the Ministry of Education and 42 other government institutions to close. All 1536 holdings. the schools were closed, and 95,762 people for the first time in the history of the island stumbled with a partial dent in the state administration. On January 10, 2006, the budgetary crisis hit the new taxpayers, so that all civil servants could turn to work.
American companies dominate the economy of Puerto Rico.
80% of the firms registered on the islands are branches of American corporations. There is a place for the firms Westinghouse, General Electric, Johnson & Johnson. The authorities of Puerto Rico are trying to get foreign capital for the help of taxpayers. More economically active people become over one million jobs, of which 3% is employed in the agricultural state, 16% – in industry, in transport, 60% – in trade and services. The high cost of unemployment, which saves ten years of riches, frightens rich Puerto Ricans to emigrate to the USA.
Tourism is an important component of the Puerto Rican economy and generates approximately $1.8 billion in tourism. In 1999, the rest of the islands saw close to 5 million tourists from the United States. Approximately a third of them become passengers of cruise liners. Various types of tourism are developing, such as beach tourism, ecotourism, sports, suitable, gastronomic and others. The number of registrations in hotels is steadily increasing (statistics from 1998), new hotels and other centers of tourism will appear, which is to say about a good state of the tourism industry.
The industry of Puerto Rico is dominated by the enterprises of naphtho-refining and chemical industry, as they provide 40% of the vat to export. Oil processing enterprises, distribution in Yabucoa and Bayamón are processed on imported oil (the main rank from Venezuela). Crimean naphthochemical industry in Puerto Rico develops chemical-pharmaceutical, radio-electronic, light, grub industry.
Agricultural goods: cane, kava, pineapple, fruit banana, banana, thinness.
Traditional culture in the rural state has always been a boulder of a reed, but in the rest of the hour its value is falling. Experiencing a crisis and tyutunnitstvo. Cava, pineapple, yams, sweet potatoes, bananas also grow on the island. The most important and dynamically developing sector of the agricultural state is farming, which provides 60% of the agricultural production. A marine industry is developing – fishing for ribs and mollusks.
Speaker: Gambling in Puerto Rico
Gambling is allowed in Puerto Rico because of the law.
So, legal casinos in Puerto Rico are responsible for roztashovani in hotels and resorts. The minimum number of permits per grave for warehouses is 18 years, if so, the casino may have an upper limit for graves for 21 years.
The place with the largest number of casinos in Puerto Rico is San Juan, the other popular places for gambling: Ponce, Rio Grande, Caguas and Mayaguez.
Other galuzi: tourism, pharmaceuticals, electronics, textiles and food industry.
Items for export: electronics, zukor, tyutyun, rum, pineapple, textiles, plastics, chemicals, food products.
of the Country, in Yaki Ekportatyt: USA (90.3 %), Velik British (1.6 %), Nіterlandi (1.4 %), Dominiskka of Detubbleka (1.4 %) (2002)
Objects Import: 900 , mechanisms and possession, clothes, food products, fish, oil products.
Country importers: USA (55.0%), Ireland (23.7%), Japan (5.4%) (2002).