A beach from above in Puerto Rico

Puerto Rico Economy

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.

Share of the region's population
Share of the region's GDP

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%.

GDP by economic sector
GDP by type of expenditure

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.


The unemployment rate averaged 10.7% in the decade to 2022. For more information on Puerto Rico's unemployment click here.


Inflation averaged 1.3% in the decade to 2023. Go to our Puerto Rico inflation page for extra insight.
The economy appeared to gain momentum in the second quarter of FY 2024 (July 2023–June 2024) from the first quarter. Economic activity expanded 5.9% year on year in October–November, compared to 4.6% in July–September. The construction industry was aided by government outlays on infrastructure, on the back of federal assistance for reconstruction. In addition, a strong U.S. economy likely supported external demand. Finally, lower inflation and unemployment compared to Q3 should have boosted private spending. Looking at other data, in October–December, the manufacturing PMI averaged slightly higher, and annual hotel stays growth rebounded compared to July–September. Less positively, in October–November, annual growth of merchandise exports and retail sales fell compared to the prior three months.
Projections out to 2033.

16 indicators covered including both annual and quarterly frequencies.

Consensus Forecasts based on a panel of 7 expert analysts.

Want to get insight on the economic outlook for Puerto Rico in the coming years? FocusEconomics collects projections out to 2033 on 16 economic indicators for Puerto Rico from a panel of 7 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 .

Puerto Rico Datos económicos

2018 2019 2020 2021 2022
Población (millones) 3.3 3.3 3.3 3.3 3.3
PIB (en millones de dólares) 101 105 103 107 -
PIB per cápita (USD) 30,416 31,925 31,490 32,716 -
PNB (en millones de USD) 67.6 70.8 70.5 73.6 -
PNB per cápita (USD) 20,366 21,490 21,552 22,598 -
Crecimiento económico (PIB, var. anual) -4.4 1.7 -4.4 0.2 -
Consumo privado (% var. anual) 1.5 6.9 -11.1 19.0 -
Consumo público (var. anual) -1.8 5.3 -1.0 1.1 -
Inversión fija (% var. anual) 63.9 4.6 -27.9 8.3 -
Exportaciones (G&S, % var. anual) 51.9 -12.9 -1.7 -3.9 -
Importaciones (G&S, % var. anual) 35.7 -2.6 -10.8 9.1 -
Desempleo (% de la población activa, aop) 9.2 8.3 8.9 7.9 -
Inflación (IPC, % var. anual, eop) 1.0 0.7 -1.7 2.7 7.2
Inflación (IPC, % var. anual, aop) 1.6 0.5 0.0 0.2 4.7
Balanza por cuenta corriente (en millones de dólares) -4.6 -4.9 3.0 3.7 -
Balanza por cuenta corriente (% del PIB) -4.5 -4.6 2.9 3.5 -
Balanza comercial de mercancías (en millones de USD) 14.0 14.3 17.7 12.9 8.2
Exportaciones de mercancías (en millones de dólares) 60.5 63.7 62.2 57.9 59.7
Importaciones de mercancías (en millones de dólares) 46.5 49.4 44.5 45.1 51.5
Exportaciones de mercancías (% var. anual) -14.9 5.2 -2.3 -6.9 3.1
Importaciones de mercancías (% var. anual) 1.2 6.3 -9.9 1.2 14.4

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