GDP in Puerto Rico
Puerto Rico - GDPThe economy is finally recovering after devastating hurricanes likely precipitated the largest economic contraction in decades in fiscal year 2018, which ran from July 2017 to June 2018. In November, economic activity rose at the fastest pace since current records began nearly two decades ago, according to data from the Economic Development Bank of Puerto Rico. This increase was linked to higher employment, electric power generation and cement sales. Meanwhile, on 4 February a U.S. federal judge approved a major debt restructuring plan for Puerto Rico that should save the cash-strapped Commonwealth government over USD 400 million a year in servicing costs.
Puerto Rico - GDP Data
|Economic Growth (GNP, annual variation in %)||-0.1||-1.8||-0.8||-1.3||-2.4|
5 years of economic forecasts for more than 30 economic indicators.
Puerto Rico Facts
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