Source: world bank Nominal/PPP
Summary:
Puerto Rico GDP Per Capita expanded from 1960 to 2024, increasing from $1.69 to $126.03 .The compound annual growth rate (CAGR) averaged 6.97% 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 3.24%, indicating the largest cyclical decline from peak levels. The country experienced 3 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 (1961–1982) indicating robust economic expansion
- High Growth (1984–2001) indicating robust economic expansion
- Expansion (2002–2003) indicating steady moderate growth
- Expansion (2005–2013) indicating steady moderate growth
- Expansion (2015–2016) indicating steady moderate growth
- Contraction (2017–2018) indicating temporary slowdown
- High Growth (2024–2024) indicating robust economic expansion
The most remarkable growth occurred in 1979 with an increase of 14.196%, while the largest decline was in 2018 at -2.405%.