Puerto Rico's economy in numbers:
Nominal GDP of USD 113 billion in 2022.
GDP per capita of USD 34,877 compared to the global average of USD 10,589.
Average real GDP growth of 0.9% over the last decade.
Economic structure:
In 2020, services accounted for 48% of overall GDP, manufacturing 48%, other industrial activity 3%, and agriculture 1%. Looking at GDP by expenditure, private consumption accounted for 63% of GDP in 2020, government consumption 8%, fixed investment 12%, and net exports 17%.Economic growth:
The economy recorded an average annual decrease of 0.9% in the decade to 2022. To read more about GDP growth in Puerto Rico, go to our dedicated page.
Unemployment:
The unemployment rate averaged 10.7% in the decade to 2022. For more information on Puerto Rico's unemployment click here.
Inflation:
Inflation averaged 1.3% in the decade to 2023. Go to our Puerto Rico inflation page for extra insight.
16 indicators covered including both annual and quarterly frequencies.
Consensus Forecasts based on a panel of 6 expert analysts.
Want to get insight on the economic outlook for Puerto Rico in the coming years? FocusEconomics collects projections out to 2028 on 16 economic indicators for Puerto Rico from a panel of 6 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts, and averaged to provide one Consensus Forecast you can rely on for each indicator. This means you avoid the risk of relying on out of date, biased or outlier forecasts. Our Consensus Forecasts can be visualized in whichever way best suits your needs, including via interactive online dashboards , direct data delivery and executive-style reports which combine analysts' projections with timely written analysis from our in-house team of economists on the latest developments in the Puerto Rico economy. To download a sample report on the Puerto Rico's economy, click here. To get in touch with our team for more information, fill in the form at the bottom of this page.