Economy of Puerto Rico
Population: 3.20 M (2018)
GDP per Capita: 31,651 USD (2018)
101,130 M.

GDP USD

(2018)

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60,570 M.

EXPORTS USD

(2018)

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46,460 M.

IMPORTS USD

(2018)

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49.88 %

PUBLIC DEBT

(2016)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 0.03 % (2012)
GDP of 2010 USD USD 87.40 B. (2018)
GDP Current USD USD 101.13 B. (2018)
GDP per Capita Current USD USD 31,651 (2018)
GDP per capita, PPP USD 35,085 (2018)
GDP per Capita, 2010 USD USD 27,341 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 7.88 % (2018)
Government Spending USD 7.97 B. (2018)
Government Debt % GDP 49.88 % (2016)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 Puerto Rico
Trade Openness 105.84 % (2018)
Exports of Goods and Services % GDP 59.90 % (2018)
Exports Goods & Services USD 60.57 B. (2018)
Exports Annual Growth Puerto Rico
Imports as % GDP 45.94 % (2018)
Total Imports USD 46.46 B. (2018)
Foreign Direct Investment % GDP
Foreign Direct Investment
Current Account Balance % GDP USD % (2018)
Current Account Balance USD B. (2018)
Trade Balance % GDP 13.95 % (2018)
Trade Balance USD B. (2018)
Foreign Exchange Reserves incl Gold
Remittances % GDP
Remittances
Balance of Payments

Labor Market

Indicator Value
Labor Force 1.10 M. (2019)
Unemployment Rate 11.17 % (2019)
Unemployment Rate Females 6.21 % (2019)
Unemployment Rate Males 9.67 % (2019)
Youth Unemployment (ages 15-24) 24.70 % (2019)
Labor Force Participation Rate 41.10 % (2019)
Labor Force (Percent Female) 42.93 % (2019)
Female Labor Force Participation Rate 32.15 % (2019)
Male Labor Force Participation Rate 51.08 % (2019)
Dependent People 55.07 % (2018)

Agriculture Sector

Indicator Value
Forest Area 56.30 % (2016)
Forest Area km² 4,993 km² (2016)
Agricultural Land 22.29 % (2016)
Agricultural Land km² 1,977 km² (2016)
Employment 1.34 % (2019)
Value added % GDP 0.78 % (2018)
Agriculture Value added USD 0.79 B. (2018)
Crop Production Index 95.40 (2016)
Precipitation 2,054 mm (2014)
Arable Land 7 % (2016)
Cereal Yield 3,113 kg/hectare (2017)
Food production index 104 (2016)
Rural Population 6 % (2018)
Fertilizer use of Arable Land 104 (2016)
Livestock Production Index 105 (2016)
Economy of Puerto Rico

According to the World Bank and its latest published data, the economy of the Puerto Rico presents a growth rate of 0.03 % (2012) to the previous year.

With a population that reaches 3.20 M (2018) and a gross domestic product of USD 101.13 B. (2018), it translates a Gross Domestic Product per Capita of USD 31,651 placing its inhabitants on the threshold of an High-income country (according to the World Bank's updated classification).

Puerto Rico also has a workforce of 1.10 M. (2019) with an unemployment rate of 11.17 % (2019), where women represent 6.21 % (2019) and men 9.67 % (2019), the unemployment rate for young people between 15-24 years old stood at 24.70 % (2019). The total number of dependent people stands at 55.07 % (2018).

The central government spent 7.88 % (2018) of its gross domestic product that year, which in absolute terms is USD 7.97 B. (2018). Its consolidated public debt reached 49.88 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Puerto Rico exported USD 60.57 B. (2018), which represents 59.90 % (2018) of its gross domestic product, in that same sense its imports reached USD 46.46 B. (2018) with a direct foreign investment of .

Puerto Rico has a forest area of 4,993 km² (2016), which represents 56.30 % (2016) of its total area, an average rainfall of 2,054 mm (2014) per year and a population of 6 % (2018) living in rural areas. With a total area of 1,977 km² (2016) available for agriculture and 1.34 % (2019) of its employments, the agricultural sector contributes to the economy of the Puerto Rico about USD 0.79 B. (2018) (0.78 % (2018) of its GDP).