Puerto Rico GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Puerto Rico expanded 0.50 percent in 2012 from the previous year. GDP Annual Growth Rate in Puerto Rico is reported by the Official Portal of the Government of Puerto Rico. From 1961 until 2012, Puerto Rico GDP Annual Growth Rate averaged 4.0 Percent reaching an all time high of 13.8 Percent in December of 1971 and a record low of -3.0 Percent in December of 1982. Puerto Rico is an unincorporated territory of the United States. Once one of the poorest islands in the Caribbean, now it has the highest GDP per capita in the region. Puerto Ricans are considered citizens of the United States and the territory receives funds from the federal government. The most important sector of the economy is export-driven pharmaceutical industry, followed by tourism. However, the private sector lacks the dynamism. As a result, the government is in poor fiscal condition, unemployment rate is high and the labour force participation rate extremely low. This page provides - Puerto Rico GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
0.50 -0.30 13.80 -3.00 1.15 | 2014/06 1961 - 2012 Percent Yearly

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Puerto Rico GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 101.00 2012-12-31 98.76 101.00 1.69 103.90 2014-06-30 USD Billion [+]
GDP Annual Growth Rate 0.50 2012-12-31 -0.30 13.80 -3.00 1.15 2014-06-30 Percent [+]
GDP per capita 21143.36 2012-12-31 20881.01 22077.49 4419.11 21445.57 2014-06-30 USD [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Puerto Rico Balance of Trade at 984.00 USD Million  
Puerto Rico recorded a trade surplus of 984 USD Million in December of 2013. Balance of Trade in Puerto Rico is reported by the Government Development Bank for Puerto Rico.
Puerto Rico Exports at 4255.00 USD Million  
Exports in Puerto Rico decreased to 4255 USD Million in December of 2013 from 4617 USD Million in November of 2013. Exports in Puerto Rico is reported by the Government Development Bank for Puerto Rico.
Puerto Rico Imports at 3271.00 USD Million  
Imports in Puerto Rico decreased to 3271 USD Million in December of 2013 from 3355 USD Million in November of 2013. Imports in Puerto Rico is reported by the Government Development Bank for Puerto Rico.
Puerto Rico Unemployment Rate at 15.00 Percent  
Unemployment Rate in Puerto Rico decreased to 15 percent in February of 2014 from 15.20 percent in January of 2014. Unemployment Rate in Puerto Rico is reported by the Government Development Bank for Puerto Rico.
Puerto Rico Inflation Rate at -0.20 Percent  
The inflation rate in Puerto Rico was recorded at -0.20 percent in February of 2014. Inflation Rate in Puerto Rico is reported by the Government Development Bank for Puerto Rico.
Puerto Rico Personal Income Tax Rate at 33.00 percent  
The Personal Income Tax Rate in Puerto Rico stands at 33 percent. Personal Income Tax Rate in Puerto Rico is reported by the Puerto Rican Department of Treasury.
Puerto Rico Corporate Tax Rate at 30.00 percent  
The Corporate Tax Rate in Puerto Rico stands at 30 percent. Corporate Tax Rate in Puerto Rico is reported by the Taxation and Revenue.
Puerto Rico Retail Sales MoM at 0.87 Percent  
Retail Sales in Puerto Rico increased 0.87 percent in October of 2013 over the previous month. Retail Sales MoM in Puerto Rico is reported by the Statistical Institute of Puerto Rico.
Puerto Rico Retail Sales YoY at 0.05 Percent  
Retail Sales in Puerto Rico increased 0.05 percent in December of 2013 over the same month in the previous year. Retail Sales YoY in Puerto Rico is reported by the Statistical Institute of Puerto Rico.
Puerto Rico GDP Annual Growth Rate at 0.50 Percent  
The Gross Domestic Product (GDP) in Puerto Rico expanded 0.50 percent in 2012 from the previous year. GDP Annual Growth Rate in Puerto Rico is reported by the Official Portal of the Government of Puerto Rico.
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