Puerto Rico - Economy
How is the economy of Puerto Rico? Based on the information we have, Puerto Rico has a US Caribbean island territorial economy; hit hard by COVID-19 and hurricanes; declining labor force and job growth after a decade of continuous recession; capital-based industry and tourism; high poverty; energy import-dependent. Key agricultural products in this country include: milk, plantains, bananas, tomatoes, chicken, oranges, mangoes/guavas, pineapples, eggs, pumpkins/squash (2023).
More about the economy of Puerto Rico
Labor force 1.152 million (2024 est.)
Industrial production growth rate
Industries pharmaceuticals, electronics, apparel, food products, tourism
Population below poverty line
Taxes and other revenues
Fiscal year
Exchange rates
Public debt
Public debt 2016 50.1% of GDP (2016 est.)
Budget
Revenues $9.268 billion (2017 est.)
Expenditures $9.974 billion (2017 est.)
Budget surplus (+) or deficit (-)
Imports
Imports 2024 $53.898 billion (2024 est.)
Imports 2023 $56.889 billion (2023 est.)
Imports 2022 $52.15 billion (2022 est.)
Imports (partners) Ireland 38%, Singapore 9%, Switzerland 8%, South Korea 5% (2019)
Comodities Imports force nitrogen compounds, sulfur compounds, refined petroleum, medical cultures/vaccines, cars (2019)
Exports
Imports 2024 $53.898 billion (2024 est.)
Imports 2023 $56.889 billion (2023 est.)
Imports 2022 $52.15 billion (2022 est.)
Exports (partners) Italy 15%, Netherlands 15%, Belgium 9%, Japan 8%, Germany 8%, Austria 8%, Spain 7%, China 5% (2019)
Comodities Exports force packaged medicines, medical cultures/vaccines, hormones, orthopedic and medical appliances, sulfur compounds (2019)
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2024 $141.344 billion (2024 est.)
Real GDP (purchasing power parity) 2023 $136.926 billion (2023 est.)
Real GDP (purchasing power parity) 2022 $136.247 billion (2022 est.)
GDP (official exchange rate) $125.842 billion (2024 est.)
Real GDP Per capita
Real GDP per capita 2024 $44,100 (2024 est.)
Real GDP per capita 2023 $42,700 (2023 est.)
Real GDP per capita 2022 $42,300 (2022 est.)
GDP - composition, by sector of origin
Agriculture 0.7% (2024 est.)
Industry 48% (2024 est.)
Services 51.5% (2024 est.)
GDP - composition, by end use
Household consumption 76% (2024 est.)
Government consumption 8.2% (2024 est.)
Investment in fixed capital 14.6% (2024 est.)
Investment in inventories 0.2% (2024 est.)
Exports of goods and services 51.9% (2024 est.)
Imports of goods and services -42.8% (2024 est.)
Unemployment rate
Unemployment rate 2024 5.5% (2024 est.)
Unemployment rate 2023 5.8% (2023 est.)
Unemployment rate 2022 6% (2022 est.)
Youth unemployment rate (ages 15-24)
Total 12.5% (2024 est.)
Male 14% (2024 est.)
Female 9.8% (2024 est.)
All Important Facts about Puerto Rico

Want to know more about Puerto Rico? Check all different factbooks for Puerto Rico below.

Puerto Rico is found in Caribbean