Puerto Rico's GDP changed from approximately $14B 436M in 1980 to $117B 763M in 2024, showing an overall 715.8% sharply increased during the period.
The lowest GDP was recorded in 1980 at $14B 436M, and the highest in 2024 at $117B 763M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 4.9%.
For comparison, the average annual growth rate of United States was 5.4%, and that of China was 9.8%.
Overview of Puerto Rico's GDP (1980–2024)
The Gross Domestic Product (GDP) of Puerto Rico recorded a 715.8% sharply increased from 1980 to 2024.
The average GDP during this period was $67B 25M, and the median was $72B 546M.
GDP fluctuated within a range of $103B 327M, with a standard deviation of $35B 132M.
The average annual change was $2B 628M.
Puerto Rico GDP from 1980 to 2024
The total market value of goods and services produced annually in Puerto Rico.
Highest and Lowest GDP Records
- Lowest GDP: 1980, $14B 436M
- Highest GDP: 2024, $117B 763M
- Most Recent GDP: 2024, $117B 763M
Notable Annual GDP Changes
- 2001: Significant increase in GDP
- 2018: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Puerto Rico's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $105B 126M → $103B 131M
- Outcome: declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $89B 524M → $96B 386M
- Outcome: increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $61B 702M → $69B 669M
- Outcome: sharply increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $48B 187M → $54B 86M
- Outcome: sharply increased
Key Economic Indicators of Puerto Rico (1980–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 14B 436M | $ 4,507.15 | $ 6,926.36 | $ 22B 185M | 0 % | 0 % | 0 % | 0 % | 3M 203K people |
1981 | $ 15B 956M | $ 4,940.78 | $ 7,600.06 | $ 24B 544M | 1.07 % | 0 % | 0 % | 0 % | 3M 229K people |
1982 | $ 16B 764M | $ 5,146.93 | $ 7,756.97 | $ 25B 265M | -3.049 % | 0 % | 0 % | 0 % | 3M 257K people |
1983 | $ 17B 277M | $ 5,257.19 | $ 8,026.63 | $ 26B 378M | 0.468 % | 0 % | 0 % | 0 % | 3M 286K people |
1984 | $ 19B 163M | $ 5,777.44 | $ 8,842.82 | $ 29B 330M | 7.318 % | 0 % | 0 % | 0 % | 3M 317K people |
1985 | $ 20B 289M | $ 6,058.64 | $ 9,221.43 | $ 30B 881M | 2.061 % | 0 % | 0 % | 0 % | 3M 349K people |
1986 | $ 21B 969M | $ 6,495.50 | $ 10,074.40 | $ 34B 73M | 8.163 % | 0 % | 0 % | 0 % | 3M 382K people |
1987 | $ 23B 878M | $ 6,987.40 | $ 10,720.65 | $ 36B 636M | 4.917 % | 0 % | 0 % | 0 % | 3M 417K people |
1988 | $ 26B 178M | $ 7,579.34 | $ 11,695.70 | $ 40B 396M | 6.508 % | 0 % | 0 % | 0 % | 3M 454K people |
1989 | $ 28B 267M | $ 8,094.29 | $ 12,615.01 | $ 44B 54M | 4.94 % | 0 % | 0 % | 0 % | 3M 492K people |
1990 | $ 30B 604M | $ 8,675.58 | $ 13,445.62 | $ 47B 431M | 3.781 % | 0 % | 0 % | 0 % | 3M 528K people |
1991 | $ 32B 287M | $ 9,093.48 | $ 14,128.72 | $ 50B 165M | 2.304 % | 0 % | 0 % | 0 % | 3M 551K people |
1992 | $ 34B 630M | $ 9,687.44 | $ 15,007.93 | $ 53B 650M | 4.564 % | 0 % | 0 % | 0 % | 3M 575K people |
1993 | $ 36B 923M | $ 10,255.53 | $ 15,963.41 | $ 57B 472M | 4.645 % | 0 % | 0 % | 0 % | 3M 600K people |
1994 | $ 39B 691M | $ 10,942.95 | $ 16,861.30 | $ 61B 157M | 4.186 % | 0 % | 0 % | 0 % | 3M 627K people |
1995 | $ 42B 647M | $ 11,667.59 | $ 17,859.29 | $ 65B 279M | 4.549 % | 0 % | 0 % | 0 % | 3M 655K people |
1996 | $ 45B 341M | $ 12,305.02 | $ 18,457.86 | $ 68B 12M | 2.314 % | 0 % | 0 % | 0 % | 3M 685K people |
1997 | $ 48B 187M | $ 12,968.39 | $ 19,528.21 | $ 72B 561M | 4.88 % | 0 % | 0 % | 0 % | 3M 716K people |
1998 | $ 54B 86M | $ 14,430.16 | $ 20,852.93 | $ 78B 160M | 6.518 % | 0 % | 0 % | 0 % | 3M 748K people |
1999 | $ 57B 841M | $ 15,293.18 | $ 21,882.75 | $ 82B 764M | 4.413 % | 0 % | 0 % | 0 % | 3M 782K people |