GDP in Puerto Rico

Puerto Rico GDP | Economic News & Forecasts

Puerto Rico - GDP

The economy has mounted a recovery in fiscal year 2019, which started in July 2018, and has grown for 10 consecutive months in annual terms (that said, growth slowed to an eight-month low in April). On the labor market front, the unemployment rate fell to 7.8% in April, a five-month low. The economic recovery this fiscal year comes after a sharp contraction in fiscal year 2018. Meanwhile, Puerto Rico’s federal fiscal oversight board rejected the government’s proposed FY 2020 budget, which totaled USD 9.5 billion; instead, on 28 May, it said it would submit a USD 9.1 billion budget to the legislature, which would still be USD 0.3 billion larger than this fiscal year’s budget. The U.S. Congress also recently approved USD 1.4 billion in aid for Puerto Rico.

Puerto Rico - GDP Data

2013  2014  2015  2016  2017  
Economic Growth (GNP, annual variation in %)-0.1  -1.8  -0.8  -1.3  -2.4  

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