Current Account in Puerto Rico
Puerto Rico - Current AccountThe economy almost certainly exited a six-year recession in fiscal year 2019, which ended in June, with economic activity growing every month from July 2018 to April 2019, according to the Economic Development Bank for Puerto Rico. This has fed into a lower unemployment rate, which fell to a six-month low of 7.7% in May. In politics, the federal fiscal oversight board imposed a budget for fiscal year 2020 upon the government on 1 July. The budget totaled USD 20.2 billion, down from FY 2019’s USD 20.6 billion. In addition, in June, the oversight board agreed with bondholders to restructure USD 35 billion of government debt. Both developments should help put the public finances on a more sustainable path.
Puerto Rico - Current Account Data
|Current Account (% of GDP)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Puerto Rico Facts
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.