Puerto Rico GDP YoYPuerto Rico GDP YoYPuerto Rico GDP YoY

Puerto Rico GDP YoY

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Key data points


Last release
Observation period
2024
Next release
Forecast
Highest
13.80% on Dec 31, 1971
Lowest
−4.20% on Dec 31, 2018

About Puerto Rico GDP YoY


Category
GDP
Frequency
Annual
Units
%
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.

Puerto Rico in figures — see more economic indicators tied to PRGDPYY.