Economic Growth in Puerto Rico
The economy of Puerto Rico recorded an average real GDP growth rate of -1.0% in the decade to 2022, below the 1.9% average for Central America and Caribbean. In 2022, real GDP growth was 3.2%. For more GDP information, visit our dedicated page.
Puerto Rico GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Puerto Rico from 2016 to 2015.
Source: Macrobond.
Puerto Rico GDP Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, ann. var. %) | 1.7 | -4.2 | 0.4 | 3.6 | 0.6 |
| GDP (USD bn) | 105 | 103 | 106 | 114 | 118 |
| GNP (USD bn) | 70.8 | 70.4 | 73.4 | 78.5 | 81.6 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Puerto Rican GDP projections for the next ten years from a panel of 3 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. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Puerto Rican GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Puerto Rican GDP projections.
Want to get access to the full dataset of Puerto Rican GDP forecasts? Send an email to info@focus-economics.com.