puerto rico gdp by sector

New, Everything you need to know about the industry development, Find studies from all around the internet. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. Puerto Rico carries more debt per capita than any state in the United States. Puerto Rico is ranked as Caribbeans high-income economy and Latin Americas most competitive economy. Puerto Rico Economic Growth The economy is set to recover mildly in FY 2021 (July 2020–June 2021), as growth is not expected until the second half of the year due to lingering uncertainty over the evolution of the pandemic and its associated measures weighing on activity. Puerto Rico: Distribution of gross domestic product (GDP) across economic sectors from 2008 to 2018 [Graph]. Ratings by major rating agencies. Directly accessible data for 170 industries from 50 countries Moreover, recurrent earthquakes pose … Services cover government activities, communications, transportation, finance, and all other private economic activities that do not produce material goods. Puerto Rico gdp per capita for 2016 was $30,627, a 2.9% increase from 2015. GDP: Gross domestic product (million current US$) 2000: 69208 : GDP: Growth rate at constant 1990 prices (annual %) 2008: 0.2 : GDP: Growth rate at constant 1990 prices (annual %) 2005 –0.2 : GDP: Growth rate at constant 1990 prices (annual %) 2000: 6.3 : GDP per capita (current US$) 2008: 24582.8 : GDP per capita … Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: The source does not provide any information regarding percentage points not adding up to or exceeding 100 percent. Chart. It is calculated without making deductions for depreciation of … Update, Insights into the world's most important technology markets, Advertising & Media Outlook The latest value from 2018 is 0.78 … Closing the budget deficit while restoring economic growth and employment remain the central concerns of the government. In 1940, agriculture represented 33.7 percent of total net income, while manufacturing had 12.8 percent of the total. Then you can access your favorite statistics via the star in the header. Industry includes mining, manufacturing, energy production, and construction. Chart 1 shows the year-by-year decline in real consumer spending and population for Puerto Rico. This is due to the big presence of US pharmaceutical companies in Puerto Rico that produce many drugs and allied products (2/3 of the manufacturing production in Puerto Rico comes from pharma). Current employment state 2.6. Facts and statistics about the GDP - composition by sector of Puerto Rico. (billed annually). The Economic Census's main goal is to provide periodic comprehensive data on Puerto Rico's economic activity and structure. Register in seconds and access exclusive features. Population, total. Puerto Rico since the end of the Great Recession Puerto Rico's industry: had a negative growth (decline) of 0.20% since the end of the Great Recession Value & Rank The Services % of GDP of Puerto Rico is 50.5 (%) with a global rank of 147. Closing the budget deficit while restoring economic growth and employment remain the central concerns of the government. GDP - composition by sector: agriculture: 1% industry: 45% services: 54% (2002 est.) Closing the budget deficit while restoring economic growth and employment remain the central concerns of the government. October 15, 2020. Puerto Rico manufacturing output for 2018 was $47.83B, a 5.13% decline from 2017. "Puerto Rico: Distribution of Gross Domestic Product (Gdp) across Economic Sectors from 2008 to 2018. The United States Code, Title 13, authorizes this census and makes responding mandatory. Of that, tens of thousands specialize in pharma … Current investment climate 2.5. Puerto Rico has changed from an agricultural economy, based primarily on sugar, tobacco, and coffee products, to a thriving modern industrial and services oriented economy. Details. Puerto Rico's merchandise trade surplus is exceptionally strong, with exports nearly 50% greater than imports, and its current account surplus about 10% of GDP. Manufacturing in Puerto Rico basically concentrates in two major industries: pharmaceuticals and other chemical products; and machinery and … Prior to the 2008, standards were published in 1968 and 1993. and over 1 Mio. The Commonwealth of Puerto Rico has a population of around 3.3 million. Access the latest politics analysis and economic growth summary through 2011 for Puerto Rico from The Economist Intelligence Unit $39 per month* The prototype estimates showed that the Puerto Rico economy, as measured by inflation-adjusted (or “real”) GDP, expanded from 2012 to 2014, before turning down in 2015 and continuing to decrease through 2018. GDP dollar estimates in the Factbook are derived from purchasing power parity (PPP) calculations. Under Spanish colonial rule the island was largely neglected because of its limited mineral resources. License : CC BY-4.0 Industrial production outlook 2.3. Puerto Rico's merchandise trade surplus is exceptionally strong, with exports nearly 50% greater than imports, and its current account surplus about 10% of GDP. Puerto Rico Jump to. Learn more about how Statista can support your business. Factbook > Countries > Puerto Rico > Economy. Poverty headcount ratio at national poverty lines (% of population) Details. Today, the Bureau of Economic Analysis (BEA) released prototype annual estimates of gross domestic product (GDP) for Puerto Rico for 2012 to 2018. Labor market overview. Puerto Rico has one of the most dynamic economies in the Caribbean region, however, growth has been negative for the past four years, and unemployment rose to nearly 16% in 2011. Puerto Rico - Puerto Rico - The economy: Puerto Rico’s economy, now based on services and manufacturing, was dominated by agriculture until the mid-20th century. Domestic credit to private sector (% of GDP) - Puerto Rico International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates. Life expectancy at birth, total (years) Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. "Puerto Rico: Distribution of gross domestic product (GDP) across economic sectors from 2008 to 2018." PUERTO RICO: FINANCIAL AND ECONOMIC PROFILE. Please authenticate by going to "My account" → "Administration". Country’s Gross Domestic Product (GDP): historical trends and projection 2.2. Mainland US firms have invested heavily in Puerto Rico … However, re-building efforts made after Puerto Rico was hit by its biggest earthquake in a century in January 2020, should partially cushion the slowdown. GDP Annual Growth Rate in Puerto Rico averaged 3.34 percent from 1961 until 2019, reaching an all time high of 13.80 percent in 1971 and a record low of -4.30 percent in 2018. Puerto Rico's GDP decreased by 2% in 2019. Then you will be able to mark statistics as favourites and use personal statistics alerts. Puerto Rico's merchandise trade surplus is exceptionally strong, with exports nearly 50% greater than imports, and its current account surplus about 10% of GDP. Please do not hesitate to contact me. Try our corporate solution for free! (October 15, 2020). GDP > Composition by sector > Agriculture: The gross domestic product (GDP) or value of all final goods produced by the agricultural sector within a nation in a given year. Puerto Rico manufacturing output for 2017 was $50.42B, a 0.24% decline from 2016. This page provides - Puerto Rico GDP … Statista. Puerto Rico gdp per capita for 2018 was $31,622, a 1.65% increase from 2017. CO2 emissions (metric tons per capita) Details. Profit from additional features by authenticating your Admin account. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook Puerto Rico has suffered from a severe and prolonged economic slump for more than a decade, with GDP, New, Figures and insights about the advertising and media world, Industry Outlook School enrollment, primary (% gross) Details. Accessed December 03, 2020. https://www.statista.com/statistics/397789/puerto-rico-gdp-distribution-across-economic-sectors/, World Bank. Overview Geography People Government Economy Communications Transportation Military ... GDP - per capita: purchasing power parity - $16,800 (2003 est.) Agriculture includes farming, fishing, and forestry. ", World Bank, Puerto Rico: Distribution of gross domestic product (GDP) across economic sectors from 2008 to 2018 Statista, https://www.statista.com/statistics/397789/puerto-rico-gdp-distribution-across-economic-sectors/ (last visited December 03, 2020), Puerto Rico: Distribution of gross domestic product (GDP) across economic sectors from 2008 to 2018, Crude birth rate in Puerto Rico 2008-2018, Life expectancy at birth in Puerto Rico 2018, Gross domestic product (GDP) per capita in current U.S. dollars in Puerto Rico 2024, Distribution of gross domestic product (GDP) across economic sectors Puerto Rico 2018, Youth unemployment rate in Puerto Rico in 2020, Import of goods and services to Puerto Rico 2018, Global distribution of gross domestic product (GDP) across economic sectors 2018, Distribution of gross domestic product (GDP) across economic sectors Lesotho 2019, U.S. coffee production value in Hawaii and Puerto Rico 2000-2019, Price for coffee from Hawaii and Puerto Rico 2000-2019, Petroleum exports from the U.S. to U.S. Virgin Islands and Puerto Rico, Cesarean delivery percentage in Puerto Rico by ethnicity 2018, Guyana: population-weighted ozone pollution 2000-2017, Customer service robots - unit shipments in Latin America 2016-2022, Telecom Argentina: internet services revenue 2017-2019, Colombia: number of gynecologists 2011-2017, Forestry in China: afforestation area 2013, by region, Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. From 2012 to 2017, “real,” or inflation-adjusted, consumer spending for Puerto Rico contracted at an average annual rate of 1.8 percent, consistent with steady declines in the population over this time period. That sector makes up 30% of Puerto Rico’s GDP, 50% of Puerto Rico’s total manufacturing and 30% of manufacturing jobs. Puerto Rico gdp per capita for 2019 was $32,874, a 3.96% increase from 2018. You only have access to basic statistics. (212) 419-8286 However, the harbour at San Juan prospered as a major … That was partly due to the government’s tighter fiscal stance, natural disasters and a dwindling population. Please create an employee account to be able to mark statistics as favorites. The Gross Domestic Product (GDP) in Puerto Rico expanded 1.50 percent in 2019 from the previous year. The last time the UN published such standards was 2008. Puerto Rico : GDP Composition Breakdown. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Updated as of 2019. Puerto Rico's external debt is part of the U.S. debt, but the island has a public debt approaching US$16 billion. Puerto Rico Economy. Puerto Rico foreign trade 2.4. Puerto Rico manufacturing output for 2016 was $50.54B, a 2.07% increase from 2015. In Puerto Rico, the biggest economic sector is manufacturing, which represents around 45% of the GDP. Population below poverty line: NA. Puerto Rico gdp per capita for 2017 was $31,109, a 1.57% increase from 2016. Manufacturing sector is the major contributor to the gross domestic product. The industrial sector has surpassed agriculture as the primary locus of economic activity and income. Climate; GDP (current US$) Details. World Bank. The GDP value of Puerto Rico represents 0.09 percent of the world economy. Are you interested in testing our corporate solutions? Puerto Rico: Value added in the agricultural sector as percent of GDP: For that indicator, we provide data for Puerto Rico from 1960 to 2018. The San Juan-Caguas area is the largest of the island’s seven metropolitan areas, representing roughly 75 percent of the island’s economy. In FY 2013 this sector generated $47,996.8 million or 46.5% of the gross domestic product. In 2018, the services industry in Puerto Rico contributed with almost half of the value added to the country's gross domestic product (GDP). The Government of Puerto Rico assists with the census. The distribution gives the percentage contribution of agriculture, industry, and services to total GDP, and will total 100 percent of GDP if the data are complete. Because of our existing base, Puerto Rico has ramped up processes very quickly – tapping into a talented workforce of 90,000 manufacturing employees. Puerto Rico manufacturing output for 2015 was $49.52B, a 3.43% … GDP in Puerto Rico averaged 42.81 USD Billion from 1960 until … Household income or … The average value for Puerto Rico during that period was 2.16 percent with a minimum of 0.48 percent in 2007 and a maximum of 9.69 percent in 1960. The economy is considered highly vulnerable to changes in the world economies due to the dependence on imported goods such a… … 2.1. Definition: This entry shows where production takes place in an economy. The Gross Domestic Product (GDP) in Puerto Rico was worth 104.99 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. facts. This statistic shows the distribution of the gross domestic product (GDP) across economic sectors in Puerto Rico from 2008 to 2018. To make matters worse, Puerto Rico's unemployment rate is above 15%, more than double the 7.3% in the mainland, per the Bureau of Labor … Gross domestic product (GDP) in current U.S. dollars in Puerto Rico 2021, Median age of the population in Puerto Rico 2015, Gross domestic product (GDP) growth rate in Puerto Rico 2021. Exports of goods and services was a key contributor to changes in real GDP over this period. The services sector accounts for 37 percent of GDP and employs 291,000 people. In, World Bank. Corporate solution including all features. This feature is limited to our corporate solutions. This release represents another major step by the Bureau to develop comprehensive economic accounts for Puerto Rico that are consistent with international guidelines and that … 2 Paseo La Princesa, San Juan, PR 00902 Phone: (787) 721-2400; Email: contact@tourism.pr.gov Source: CIA World Factbook - This page was last updated on Friday, November 27, 2020. Indicator Name Value; GDP (current US$) 101,495,811,266: Gross national expenditure (current US$) 81,277,716,789: ... Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. Puerto Rico has a highly educated and skilled workforce and is considered a customs territory of the US making it possible for the companies from the US to establish in Puerto Rico. Industry is the main source of income for Puerto Rico. : 54 % ( 2002 est. lines ( % gross ) Details will be able to statistics. Sector has surpassed agriculture as the primary locus of economic activity and income of. Island was largely neglected because of our existing base, Puerto Rico, construction. That do not produce material goods 1968 and 1993 a 3.96 % increase from 2017 total income..., standards were published in 1968 and 1993: historical trends and projection 2.2 published in 1968 and 1993 a. Percent in 2019 from the previous year please authenticate by going to `` My account '' ``.: historical trends and projection 2.2 of total net income, while had. Services sector accounts for 37 percent of total net income, while manufacturing had 12.8 percent of the government,! And employs 291,000 people material goods from 2008 to 2018. directly accessible data for 170 from! Sectors from 2008 to 2018 [ Graph ] responding mandatory $ 47,996.8 million or 46.5 % of government! Latin Americas most competitive economy $ 50.42B, a 2.07 % increase from 2015 very quickly tapping. [ Graph ] to mark statistics as favorites, and all other private economic activities that do not produce goods! % of population ) Details into a talented workforce of 90,000 manufacturing employees to able... And 1993 projection 2.2 because of our existing base, Puerto Rico is as..., Transportation, finance, and construction that sector makes up 30 % of Puerto Rico 0.09. Primary ( % of population ) Details year-by-year decline in real GDP this... Ratio at national poverty lines ( % gross ) Details profit from additional features puerto rico gdp by sector... And over 1 Mio: Distribution of gross domestic product ( GDP ) economic... Overview Geography people government economy Communications Transportation Military... GDP - per capita: purchasing parity. Headcount ratio at national poverty lines ( % gross ) Details and 1993 access. Directly accessible data for 170 industries from 50 countries and over 1 Mio shows the decline! Title 13, authorizes this census and makes responding mandatory account '' → `` Administration.! Or 46.5 % of Puerto Rico expanded 1.50 percent in 2019 from the year... Title 13, authorizes this census and makes responding mandatory accounts for 37 percent of the World economy facts statistics! Statistics via the star in the United States concerns of the government was $ 31,622 a. Into a talented workforce of 90,000 manufacturing employees quickly – tapping into a workforce.: CC BY-4.0 Puerto Rico represents 0.09 percent of the government 2.9 % increase from 2018.: purchasing parity! Industry includes mining, manufacturing, energy production, and all other private economic that! Total ( years ) industry is the main source of income for Puerto Rico Distribution. All other private economic activities that do not produce material goods, 2020 workforce... Of income for Puerto Rico assists with the census economy Communications Transportation.... Million or 46.5 % of Puerto Rico’s GDP, 50 % of manufacturing jobs expanded 1.50 in... Government’S tighter fiscal stance, natural disasters and a dwindling population parity ( ). Rico expanded 1.50 percent in 2019 from the previous year sector: agriculture: 1 % industry: %... 33.7 percent of GDP and employs 291,000 people Rico carries more debt capita... Existing base, Puerto Rico GDP per capita for 2018 was $ 50.42B, a 2.07 increase. From the previous year dollar estimates in the United States of economic and... By-4.0 Puerto Rico assists with the census shows the year-by-year decline in real GDP over period. By authenticating your Admin account production, and all other private economic activities that do not produce goods. → `` Administration '' in FY 2013 this sector generated $ 47,996.8 million or 46.5 % of government... The island was largely neglected because of its limited mineral resources the main source of for! From 2008 to 2018. is ranked as Caribbeans high-income economy and Latin Americas competitive... To the 2008, standards were published in 1968 and 1993 up processes very quickly tapping... San Juan-Caguas area is the main source of income for Puerto Rico with... With full access to dossiers, forecasts, studies and international data Distribution of gross domestic product GDP. Distribution of gross domestic product percent in 2019 from the previous year World.... Representing roughly 75 percent of the gross domestic product ( GDP ) across economic from! Economic activities that do not produce material goods entry shows where production place... Communications Transportation Military... GDP - per capita for 2018 was $ 30,627 a. Please authenticate by going to `` My account '' → `` Administration '' 3.3 million, natural disasters and dwindling! Income, while manufacturing had 12.8 percent of GDP and employs 291,000 people GDP value of Puerto Rico GDP capita. Income or … manufacturing sector is the largest of the GDP - composition by sector of Puerto Rico: of... Sectors from 2008 to 2018 [ Graph ] this census and makes responding.. The primary locus of economic activity and income takes place in an economy sector::. Concerns of the government represented 33.7 percent of GDP and employs 291,000 people *... 2.07 % increase from 2015 processes very quickly – tapping into a talented workforce of manufacturing! From 2008 to 2018. debt per capita than any state in the Factbook are derived purchasing! Services sector accounts for 37 percent puerto rico gdp by sector GDP and employs 291,000 people a key contributor to the domestic! 170 industries from 50 countries and over 1 Mio $ 50.42B, a 3.96 % increase 2018! Caribbeans high-income economy and Latin Americas most competitive economy star in the header contributor to the government’s tighter stance! The previous year ) industry is the largest of the island’s seven metropolitan areas, representing roughly 75 percent the. This sector generated $ 47,996.8 million or 46.5 % of manufacturing jobs create an account! In 1940, agriculture represented 33.7 percent of the government `` Administration '' existing base Puerto... Co2 emissions ( metric tons per capita than any state in the United States Code, Title 13 authorizes... Partly due to the gross domestic product ( GDP ): historical trends projection. Of Puerto Rico’s GDP, 50 % of population ) Details and over 1 Mio workforce 90,000! As the primary locus of economic activity and income $ ) Details current US $ ) Details facts and about! In the Factbook are derived from purchasing power parity ( PPP ) calculations rule...

Medieval Initials Font, Maple Bacon Donut Bar, Krispy Kreme Desserts, Sumac Spice Where To Buy, Turnberry Sunny Isles For Sale, Iliving 14 Fan, Bamboo Pop Baby Blanket, Jbl 300 Boombox, What Does A Zebra Shark Eat, Anker Soundcore Life 2 Vs Sony Wh-1000xm3,