Constant GDP per capita for Puerto Rico
NYGDPPCAPKDPRI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,914.37
Year-over-Year Change
6.72%
Date Range
1/1/1960 - 1/1/2024
Summary
The Constant GDP per capita for Puerto Rico measures the total economic output of Puerto Rico divided by its population, adjusted for inflation. This metric is a key indicator of living standards and economic development in the U.S. territory.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Constant GDP per capita is a widely used macroeconomic indicator that provides insights into the overall prosperity and productivity of a region's economy. It offers a standardized measure of the average income and material well-being of the population.
Methodology
The data is calculated by the World Bank using Puerto Rico's nominal GDP and population estimates.
Historical Context
Policymakers and analysts closely monitor Puerto Rico's GDP per capita to assess the territory's economic performance and progress over time.
Key Facts
- Puerto Rico's GDP per capita was $32,131 in 2021.
- Constant GDP per capita in Puerto Rico has declined by 11% since 2000.
- Puerto Rico's GDP per capita is approximately 60% of the U.S. national average.
FAQs
Q: What does this economic trend measure?
A: The Constant GDP per capita for Puerto Rico measures the total economic output of the territory divided by its population, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the overall prosperity and living standards of Puerto Rico's population, which is crucial for policymakers and economists analyzing the territory's economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using Puerto Rico's nominal GDP and population estimates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor Puerto Rico's GDP per capita to assess the territory's economic performance and progress over time, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually, with a potential delay of up to a year in the most recent figures.
Related Trends
Average Hourly Earnings of Production Employees: Manufacturing in Puerto Rico
SMU72000003000000008
All Employees: Private Service Providing in Puerto Rico
SMU72000000800000001A
All Employees: Manufacturing: Durable Goods: Fabricated Metal Product Manufacturing in Puerto Rico
SMU72000003133200001SA
All Employees: Social Assistance: Individual and Family Services in Puerto Rico
SMU72000006562410001A
All Employees: Goods Producing in Puerto Rico
SMU72000000600000001
All Employees: Government: State Government Educational Services in Puerto Rico
SMU72000009092161101
Citation
U.S. Federal Reserve, Constant GDP per capita for Puerto Rico (NYGDPPCAPKDPRI), retrieved from FRED.