Source: world bank Nominal/PPP
Summary:
Puerto Rico GDP Per Capita expanded from 1960 to 2024, increasing from $717.51 to $39,343.72 .The compound annual growth rate (CAGR) averaged 6.46% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained moderate. The maximum drawdown reached 1.27%, indicating the largest cyclical decline from peak levels. The country experienced 1 recession episode(s) during the observed period.
Puerto Rico Economic Phases (1960 - 2024)
From 1960 to 2024, Puerto Rico economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1961–1974) indicating robust economic expansion
- High Growth (1976–1981) indicating robust economic expansion
- Expansion (1982–1983) indicating steady moderate growth
- High Growth (1986–1990) indicating robust economic expansion
- High Growth (1992–2001) indicating robust economic expansion
- Expansion (2002–2003) indicating steady moderate growth
- Expansion (2005–2007) indicating steady moderate growth
- Expansion (2009–2019) indicating steady moderate growth
- High Growth (2024–2024) indicating robust economic expansion
The most remarkable growth occurred in 1979 with an increase of 12.802%, while the largest decline was in 2020 at -1.267%.