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%.
Puerto Rico GDP from 1980 to 2024
The total market value of goods and services produced annually in Puerto Rico.
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.
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 | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | 0 % | $ 14B 436M | $ 22B 185M | $ 4,507.15 | $ 6,926.36 | 0 % | 3M 203K people | 0 % | 0 % |
1981 | 1.07 % | $ 15B 956M | $ 24B 544M | $ 4,940.78 | $ 7,600.06 | 0 % | 3M 229K people | 0 % | 0 % |
1982 | -3.049 % | $ 16B 764M | $ 25B 265M | $ 5,146.93 | $ 7,756.97 | 0 % | 3M 257K people | 0 % | 0 % |
1983 | 0.468 % | $ 17B 277M | $ 26B 378M | $ 5,257.19 | $ 8,026.63 | 0 % | 3M 286K people | 0 % | 0 % |
1984 | 7.318 % | $ 19B 163M | $ 29B 330M | $ 5,777.44 | $ 8,842.82 | 0 % | 3M 317K people | 0 % | 0 % |
1985 | 2.061 % | $ 20B 289M | $ 30B 881M | $ 6,058.64 | $ 9,221.43 | 0 % | 3M 349K people | 0 % | 0 % |
1986 | 8.163 % | $ 21B 969M | $ 34B 73M | $ 6,495.50 | $ 10,074.40 | 0 % | 3M 382K people | 0 % | 0 % |
1987 | 4.917 % | $ 23B 878M | $ 36B 636M | $ 6,987.40 | $ 10,720.65 | 0 % | 3M 417K people | 0 % | 0 % |
1988 | 6.508 % | $ 26B 178M | $ 40B 396M | $ 7,579.34 | $ 11,695.70 | 0 % | 3M 454K people | 0 % | 0 % |
1989 | 4.94 % | $ 28B 267M | $ 44B 54M | $ 8,094.29 | $ 12,615.01 | 0 % | 3M 492K people | 0 % | 0 % |
1990 | 3.781 % | $ 30B 604M | $ 47B 431M | $ 8,675.58 | $ 13,445.62 | 0 % | 3M 528K people | 0 % | 0 % |
1991 | 2.304 % | $ 32B 287M | $ 50B 165M | $ 9,093.48 | $ 14,128.72 | 0 % | 3M 551K people | 0 % | 0 % |
1992 | 4.564 % | $ 34B 630M | $ 53B 650M | $ 9,687.44 | $ 15,007.93 | 0 % | 3M 575K people | 0 % | 0 % |
1993 | 4.645 % | $ 36B 923M | $ 57B 472M | $ 10,255.53 | $ 15,963.41 | 0 % | 3M 600K people | 0 % | 0 % |
1994 | 4.186 % | $ 39B 691M | $ 61B 157M | $ 10,942.95 | $ 16,861.30 | 0 % | 3M 627K people | 0 % | 0 % |
1995 | 4.549 % | $ 42B 647M | $ 65B 279M | $ 11,667.59 | $ 17,859.29 | 0 % | 3M 655K people | 0 % | 0 % |
1996 | 2.314 % | $ 45B 341M | $ 68B 12M | $ 12,305.02 | $ 18,457.86 | 0 % | 3M 685K people | 0 % | 0 % |
1997 | 4.88 % | $ 48B 187M | $ 72B 561M | $ 12,968.39 | $ 19,528.21 | 0 % | 3M 716K people | 0 % | 0 % |
1998 | 6.518 % | $ 54B 86M | $ 78B 160M | $ 14,430.16 | $ 20,852.93 | 0 % | 3M 748K people | 0 % | 0 % |
1999 | 4.413 % | $ 57B 841M | $ 82B 764M | $ 15,293.18 | $ 21,882.75 | 0 % | 3M 782K people | 0 % | 0 % |