Puerto Rico GDP Per Capita chart, historic, and current data. THE FACTS: • Residents of Puerto Rico are not required to pay federal income taxes. US minimum wage laws apply in Puerto Rico, hampering job expansion. The gross domestic product (GDP) per capita is the national output, divided by the population, expressed in U.S dollars per person, for the latest year for which data is published. • When you include the state and federal debt that is borne by mainland U.S. residents, Puerto Rico’s per capita debt load is 75% lower than the average for even the 10 states with the lowest per capita … US minimum wage laws apply in Puerto Rico, hampering job expansion. Puerto Rico is classified as a high income country, high income countries are defined by the World Bank as countries with a Gross National Income (GNI) per capita of $11,116 or more. Diminished job opportunities prompted a sharp rise in outmigration, as many Puerto Ricans sought jobs on the US mainland. In 2019, GDP per capita growth for Puerto Rico was 1.2 %. Puerto Rico and the Dominican Republic have had different development tracks. Puerto Rico Real GDP Per Capita chart, historic, and current data. Puerto Rico: GDP/cap growth, 5 years (%). $49,965.27 Ranked 10th. The GDP per capita by purchasing power parity (PPP) is 34,938. Tourist arrivals at national borders (000) 2005: 3686: Air arrivals. GDP per capita of Puerto Rico increased from 16,192 US dollars in 2000 to 31,538 US dollars in 2019 growing at an average annual rate of 3.60%. Diminished job opportunities prompted a sharp rise in outmigration, as many Puerto Ricans sought jobs on the US mainland. US minimum wage laws apply in Puerto Rico, hampering job expansion. (see Data FAQs) Source: IMF World Economic Outlook Database. Unemployment reached 16% in 2011, but declined to 13.7% in December 2014. Puerto Rico: GDP per capita. Persons, Not Seasonally Adjusted. Per capita income is about two-thirds that of the US mainland. Per capita income is about two-thirds that of the US mainland. Aggregates are based on constant U.S. dollars. Unemployment reached 16% in 2011, but declined to 11.5% in December 2017. Puerto Rico GDP per Capita Growth is at -1.04%, compared to -0.27% last year. Puerto Rico has a GDP of $101.5 billion and ranks 60th by nominal GDP. Constant GDP per capita for Puerto Rico . First, let’s see if the premise in the question is correct. Puerto Rico gni per capita for 2019 was $21,970, a 4.47% increase from 2018. through … The financial year begins on July 1st and ends on May 31st. Puerto Rico - PIB per capita. Between 2017 and 2018 the population of Puerto Rico declined from 3.34M to 3.2M, a -4.26% decrease and its median household income grew from $19,343 to $20,296, a 4.93% increase. 3 times more than Puerto Rico GDP per capita: $27,677.53 Ranked 27th. 31.538 (US dólar) em 2019 GDP per capita is gross domestic product divided by midyear population. 2010 U.S. First, we must use the same data supplier, one recognized worldwide, for exactly the same concepts and methods and same periods if we want to have comparable figures. Economic activity dropped over 9% on average in April–June, due to the fallout from the pandemic and regular earthquakes. Puerto Rico gni per capita for 2016 was $19,710, a 1.49% increase from 2015. In 2018, Puerto Rico had a population of 3.2M people with a median age of 42.9 and a median household income of $20,296. 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. Diminished job opportunities prompted a sharp rise in outmigration, as many Puerto Ricans sought jobs on the US mainland. Dollars) The economy likely shrank at the end of FY 2020 (July 2019–June 2020). The GDP growth rate was at -0.6 as of 2013. Annual percentage growth rate of GDP per capita based on constant local currency. 81% more than Puerto Rico Gross National Income: $42.05 billion Ranked 45th. Per capita income is about two-thirds that of the US mainland. Constant GDP per capita for Puerto Rico 2013-11-27 2019-06-28 Source World Bank: 2013-11-27 2019-06-28 Release World Development Indicators: 2013-11-27 2019-06-28 Units 2005 U.S. In 2019, GDP per capita for Puerto Rico was 31,538 US dollars. GDP per capita (US$) ..... 28,325 GDP (PPP) as share (%) of world total ..... n/a Global Competitiveness Index GCI 2014 ... Puerto Rico Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1–2 2 Transition 2–3 3 Puerto Rico Advanced economies Overview Of The Economy Of Puerto Rico. Puerto Rico had its “development miracle” in the 60’s, thanks in part to initiatives like Operation Bootstrap, which led to growth in GDP per capita unparalleled to other islands in the Caribbean during that period. Graph and download economic data for Constant GDP per capita for Puerto Rico (NYGDPPCAPKDPRI) from 1960 to 2019 about Puerto Rico, per capita, real, and GDP. Aktuelle værdier, historiske data, prognoser, statistik, diagrammer og økonomisk kalender - Port-Rich - BNP per capita. Aktuella värden, historiska data, prognoser, statistik, diagram och ekonomisk kalender - Port - Rich - BNP per capita PPP. Puerto Rico gni per capita for 2018 was $21,030, a 5.15% increase from 2017. The Bahamas is followed by Puerto Rico, which has a GDP per capita of around $18,000. Puerto Rico gni per capita for 2017 was $20,000, a 1.47% increase from 2016. This is lower than the long term average of 2.76%. Live estimate for national public debt today and since the beginning of the year. Current GDP (estimated data for 2020) and national debt. Puerto Rico - GDP per capita (U.S. Live statistics for Economy of Puerto Rico. Furthermore, in 2004 and 2010, 18 US states take more per capita from the US Federal Government than Puerto Rico. Annual 1960 to 2019 (Jul 2) 5 Year 1967 to 2012 (2014-09-19) Ratio of GNP to GDP for Puerto Rico . GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Unemployment reached 16% in 2011, but declined to 11.5% in December 2017. Unemployment reached 16% in 2011, but declined to 11.5% in December 2017. Puerto Rico publishes a quarterly purchase-only house price index. In 2019, the national gross income per capita in Puerto Rico amounted to around 22 thousand U.S. dollars, up from 21 thousand U.S. dollars per person in the previous year. Public debt rose to 105% of GDP in 2015, about $17,000 per ... family of four cost the U.S. government over $19,000 per year. Current Puerto Rico Real GDP Per Capita is 27,270.67 USD. Dollars, Annual, Not Seasonally Adjusted 1960 to 2019 (Jul 2) Population, Total for Puerto Rico . Diminished job opportunities prompted a sharp rise in outmigration, as many Puerto Ricans sought jobs on the US mainland. GDP per capita is gross domestic product divided by midyear population. Current Puerto Rico GDP Per Capita is 30,790.11 USD. Source:'Junta de Planificación de Puerto Rico'. US minimum wage laws apply in Puerto Rico, hampering job expansion. Value & Rank The GDP per Capita (PPP) of Puerto Rico is 34,674 ($) with a global rank of 35. The percentage change in GDP per capita for the latest 5 years for which data is published. Though Puerto Rico GDP per capita growth fluctuated substantially in recent years, it tended to decrease through 1970 - 2019 period ending at 1.2 % in 2019. Updated as of 2019. Facts and statistics about the GDP - composition by sector of Puerto Rico. Source:'Junta de Planificación de Puerto Rico'. The statistic shows gross domestic product (GDP) per capita in current U.S. dollars in Puerto Rico from 1984 to 2018, with projections up until 2024. (see Data FAQs) Source: IMF World Economic Outlook Database The latest comprehensive information for - Puerto Rico GDP per capita - including latest news, historical data table, charts and more. Per capita income is about half that of the US mainland. 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