Puerto Rico - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Puerto Rico including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Puerto Rico economy.


MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 94.56
93.86 94.78 95.7 96 96
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate -2.40
percent
-7 -7 -6 -6 -5
GDP 105.03
USD Billion
105 105 107 107 107
GDP per capita 27308.99
USD
28000 28000 28500 28500 29200
GDP Per Capita Ppp 35044.70
USD
34000 34000 34500 34500 36000
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 9.50
percent
9.5 9.7 10 10 11.4
Population 3.73
Million
3.47 3.45 3.53 3.62 3.79
Labor Force Participation Rate 41.00
percent
40.5 40.6 40.7 40.8 41
Manufacturing Payrolls 69.50
Thousand
69 69 69.2 69.4 70.5
Non Farm Payrolls 841.50
Thousand
848 848 847 848 848
Government Payrolls 205.90
Thousand
208 209 209 209 215
Employed Persons 1000.00
Thousand
997 999 997 995 1000
Employment Rate 37.10
percent
36.8 37 37.2 37.4 37.4
Unemployed Persons 105.00
Thousand
106 108 110 110 112
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 1.70
percent
2 2.3 2.6 2.5 2.6
Food Inflation 0.90
percent
1 0.9 1.3 1.4 1.6
Consumer Price Index Cpi 119.90
Index Points
121 121 122 122 127
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Banks Balance Sheet 65909.40
USD Million
64500 65000 62000 65500 75000
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade 366.60
USD Million
1030 900 983 934 1300
Exports 4884.40
USD Million
5380 5300 5233 5234 5650
Imports 4517.90
USD Million
4350 4400 4250 4300 4350
Current Account 10526.60
USD Million
9700 9700 9900 9900 10000
Capital Flows -5142.70
USD Million
-6000 -6000 -5700 -5700 -4900
Tourist Arrivals 134.90
Thousand
130 140 145 150 165
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Revenues 796.10
USD Million
800 850 800 700 825
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Internet Speed 12366.58
KBps
12792 13786 14352 14064 16524
IP Addresses 444657.00
IP
432645 432755 434638 435067 432779
Leading Economic Index -0.70
percent
-0.4 -0.1 1.3 1.6 2.2
Manufacturing Pmi 59.10
42 39 53.84 53.89 44
Ease of Doing Business 64.00
65 66 64 62 59
Corruption Index 63.00
Points
62 62 64 66 72
Corruption Rank 31.00
35 37 35 34 29
Bankruptcies 642.00
Companies
609 615 614 614 614
Competitiveness Index 4.64
Points
4.62 4.62 4.62 4.61 4.58
Competitiveness Rank 32.00
37 38 39 40 31
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Retail Sales MoM 1.40
percent
0.08 0.08 0.08 0.08 0.08
Retail Sales YoY 16.90
percent
6 5.52 5.21 4.99 4.58
Gasoline Prices 0.76
USD/Liter
0.77 0.73 0.69 0.65 0.51
HOUSING Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Housing Index 187.87
Index Points
187 187 186 187 187
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Personal Income Tax Rate 33.00
percent
33 33 33 33 33
Corporate Tax Rate 39.00
percent
39 39 39 39 39
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 94.71
mm
223 186 98.16 191 180
Temperature 25.12
celsius
27.07 25.56 23.77 26.56 26.08