puerto rico

Former Puerto Rico Correctional Officer Sentenced for Scheme to Smuggle Heroin into State Prison

A former correctional officer in Puerto Rico was sentenced to serve 37 months in prison for attempting to smuggle heroin into state prison by delivering it to an inmate in the parking lot of the Medical Center in San Juan, Puerto Rico.



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puerto rico

Sixteen Current and Former Puerto Rico Police Officers Indicted for Allegedly Running Criminal Organization out of Police Department

Sixteen current and former Puerto Rico police officers have been indicted for their alleged participation in a criminal organization, run out of the police department, that used their affiliation with law enforcement to make money through robbery, extortion, manipulating court records and selling illegal narcotics.



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puerto rico

Puerto Rico Superior Court Judge and Local Businessman Indicted on Conspiracy and Federal Programs Bribery Charges

A current Puerto Rico Superior Court Judge and Puerto Rico businessman were charged with orchestrating a criminal scheme in which the businessman paid bribes to the judge presiding over the criminal case against the businessman according to an indictment unsealed today.



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puerto rico

District Court Approves Selection of Arnaldo Claudio as Technical Compliance Advisor to Oversee Critical Reforms of Puerto Rico Police Department

Today, U.S. District Judge Gustavo A. Gelpí approved the selection of Arnaldo Claudio to serve as Technical Compliance Advisor (TCA), overseeing the implementation of sweeping civil rights reforms under the Agreement for Sustainable Reform of the Puerto Rico Police Department.



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puerto rico

Puerto Rico Police Officers and Civilians Charged with Federal Crimes in Connection with July 2012 Robbery in Bayamon, Puerto Rico

Three Police of Puerto Rico (POPR) officers and two civilians were charged with robbery, firearms violations, drug conspiracy and civil rights violations for their involvement in a July 2012 robbery in Bayamon, Puerto Rico, and an additional POPR officer was charged with lying to federal agents



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puerto rico

Puerto Rico Businessman Pleads Guilty to Bribing a Puerto Rico Superior Court Judge

A Puerto Rico businessman pleaded guilty today to bribing Puerto Rico Superior Court Judge Manuel Acevedo-Hernandez, who presided over the businessman’s vehicular homicide trial and acquitted him of all charges



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puerto rico

Sixteen Former Puerto Rico Police Officers Plead Guilty to Running Criminal Organization from the Police Department

Sixteen former Puerto Rico police officers have pleaded guilty for their roles in a criminal organization run out of the police department. The officers used their affiliation with law enforcement to commit robbery and extortion, to manipulate court records in exchange for bribes, and to sell illegal narcotics



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puerto rico

Six Former Puerto Rico Police Officers Plead Guilty to Federal Civil Rights, Obstruction of Justice and Perjury Charges

Three Puerto Rico police officers, Erick Rivera Nazario, Angel Torres Quinones and Antonio Rodriguez Caraballo today pleaded guilty to federal civil rights charges in connection with the fatal beating of 19-year-old Jose Luis Irizarry Perez, announced Acting Assistant Attorney General Molly Moran for the Civil Rights Division, United States Attorney Rosa Emilia Rodriguez-Velez for the District of Puerto Rico, and Special Agent in Charge Carlos Cases of the FBI San Juan Field Office.



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The muni market in the post-Detroit and post-Puerto Rico bankruptcy era


Event Information

July 12, 2016
2:10 PM - 4:00 PM EDT

Online Only
Live Webcast

Puerto Rico is the latest, but probably not the last, case of a local government confronting financial strains that call into question its ability to meet its obligations to bondholders while providing services to its taxpaying constituents. Puerto Rico is, of course, a special case because it is a territory, not a state or municipality. Will Puerto Rico’s problems have ripple effects for the $3.7 trillion U.S. municipal bond market? What about the resolution of Detroit's bankruptcy? How will state and local governments and the courts weigh the interests of pensioners, employees, taxpayers and bondholders when there isn't enough money to go around?

On Tuesday, July 12, the Hutchins Center on Fiscal and Monetary Policy at Brookings webcasted the keynote address from the 5th annual Municipal Finance Conference, delivered by the sitting governor of Puerto Rico, Hon. Alejandro García Padilla. After Governor Padilla’s remarks on Puerto Rico’s future, Hutchins Center Director David Wessel moderated a panel on the politics and practice of municipal finance in the post-Detroit and post-Puerto Rico era.

Join the conversation and tweet questions for the panelists at #MuniFinance.

      

Video

Transcript

Event Materials

      
 
 




puerto rico

The help that Puerto Rico needs


After years of irresponsible fiscal management, Puerto Rico has few good options to address its growing debt crisis. But in most tales of bad behavior, there comes a point where continued punishment for past mistakes becomes counterproductive. We're reaching that point on Puerto Rico, and the Barack Obama administration has put forward a sensible new approach. 

(Citigroup, my employer, has various business relationships with Puerto Rico, including serving as underwriter and market maker in various securities. I've had no involvement in those activities, and this column represents my personal views, not those of Citi.)

Puerto Rico's population and its economy are about 10 percent smaller than they were a decade ago. The poverty rate is 45 percent, only about 40 percent of adults are in the labor force, and unemployment is more than 11 percent. 

Given these dire economic indicators, it's not surprising that Puerto Rico has a serious debt problem. At this point, the territory's total liabilities amount to more than 160 percent of the economy, and debt service is projected to be more than a third of government revenue. Over the next five years, the fiscal deficit looks to be $28 billion, and although the Puerto Rican government has proposed aggressive policy actions, these could, at best, only cut the deficit in half. Because the territory's fiscal dynamic is unsustainable, its uninsured debt is selling at discounts of 30 to 70 percent. 

Something has to give. Which brings us to the White House's plan.

The first imperative is to restore economic growth. For this, there are no magic bullets, but one useful strategy is to extend the Earned Income Tax Credit to Puerto Rico. The EITC is one of the most powerful, market-friendly mechanisms for encouraging labor force participation, and its absence in Puerto Rico makes no sense.

The Obama administration also proposes removing an anomaly in the Medicaid system. If Medicaid treated Puerto Rico in the same way as it does the 50 states, the federal government would pay for an estimated 83 percent of its Medicaid costs. But because Medicaid payments to the territory are capped, the federal government has generally paid only 15 to 20 percent. In addition, temporary Medicaid payments enacted as part of the Affordable Care Act are almost exhausted, posing a near-term threat to Puerto Rico's Medicaid program.

Establishing an EITC in Puerto Rico and adjusting the share of Medicaid payments paid by the federal government make sense from a fairness perspective. The EITC piece would encourage work, and the Medicaid component would attenuate fiscal pressure on the island. These steps would, though, come at a cost to the federal budget, probably in the billions of dollars per year. The administration should clarify both the amounts involved and how they would be financed. 

The island's fiscal governance also needs to be strengthened. Its accounting systems have been shoddy, and revenue estimates have been overly rosy. A period of external oversight is appropriate, to improve transparency and budgetary rigor. 

Finally, there's the hard question of what to do about the existing overhang of debt. Write-offs are inevitable; the only question is how to do them in a structured and timely way. We have bankruptcy laws precisely to handle this sort of situation, which would otherwise involve overlapping negotiations with multiple creditors (Puerto Rico has 18 different debt issuers and 20 creditor committees) and probably extended lawsuits. 

At the very least, Congress should extend Chapter 9 bankruptcy laws to Puerto Rico's cities and public corporations. Municipalities in the states enjoy this protection, and there's no reason to treat cities in Puerto Rico differently than those in Florida or Texas. This step would cover about a third of the territory's debt. 

The more controversial question, though, is whether Puerto Rico's government should also have access to bankruptcy protection. State governments do not, but the administration proposes that territories such as Puerto Rico should. 

Bankruptcy would not necessarily mean that less debt would be repaid. So it is not clear that the traditional argument against bankruptcy protection -- that it would raise future borrowing costs -- carries much force. Negotiated write-offs and default would have largely the same effect, but would probably take longer and be messier. Among the options left, the administration's is the least bad. 

The plan requires legislation, and in today's polarized Congress, that's a daunting prospect. But as former Treasury Secretary Tim Geithner once emphasized, in a crisis, "plan beats no plan." the administration has one. Its congressional opponents don't.

Editor's Note: this op-ed originally appeared on Bloomberg View.

Authors

Publication: Bloomberg View
      
 
 




puerto rico

Tesla sends Powerwall batteries to Puerto Rico

The company quietly helps rebuild the island's electrical systems.




puerto rico

Caravan for Life: Protesters in Puerto Rico Demand More Tests & Resources to Combat the Coronavirus

On Thursday in Puerto Rico, activists in dozens of cars held a "Caravan Por La Vida," or "Caravan for Life," through San Juan to demand the government provide more COVID-19 tests and sufficient resources for people to stay at home during the pandemic. At least 92 people have died from COVID-19 in Puerto Rico, and last week the island was reporting a testing rate lower than any U.S. state, at an abysmal average of 15 tests a day for every 100,000 people. No one in Puerto Rico has received $1,200 checks from the government, according to San Juan Mayor Carmen Yulín Cruz. Police stopped the caravan and said their sound trucks were illegal. When organizer Giovanni Roberto demanded that police describe the laws they were breaking, he was arrested. Roberto was released later in the night, and his charges of obstruction of justice were dropped. We hear voices from the protest. Special thanks to _Democracy Now!_ correspondent Juan Carlos Dávila.




puerto rico

Puerto Rico IP Addresses

IP Addresses in Puerto Rico increased to 444657 IP in the first quarter of 2017 from 444466 IP in the fourth quarter of 2016. IP Addresses in Puerto Rico averaged 460784.97 IP from 2007 until 2017, reaching an all time high of 610273 IP in the first quarter of 2013 and a record low of 286457 IP in the third quarter of 2007. This page includes a chart with historical data for Puerto RicoIP Addresses.




puerto rico

Puerto Rico Average Precipitation

Precipitation in Puerto Rico decreased to 94.71 mm in December from 284.91 mm in November of 2015. Precipitation in Puerto Rico averaged 175.58 mm from 1901 until 2015, reaching an all time high of 610.10 mm in June of 2011 and a record low of 5.81 mm in March of 2005. This page includes a chart with historical data for Puerto Rico Average Precipitation.




puerto rico

Puerto Rico Average Temperature

Temperature in Puerto Rico decreased to 25.12 celsius in December from 25.75 celsius in November of 2015. Temperature in Puerto Rico averaged 25.46 celsius from 1824 until 2015, reaching an all time high of 28.50 celsius in September of 2005 and a record low of 21.93 celsius in February of 1845. This page includes a chart with historical data for Puerto Rico Average Temperature.




puerto rico

Puerto Rico Competitiveness Index

Puerto Rico scored 4.64 points out of 7 on the 2016-2017 Global Competitiveness Report published by the World Economic Forum. Competitiveness Index in Puerto Rico averaged 4.56 Points from 2008 until 2015, reaching an all time high of 4.66 Points in 2013 and a record low of 4.48 Points in 2010. Competitiveness Index in Puerto Rico is reported by the World Economic Forum. The most recent 2014-2015 edition of Global Competitiveness Report assesses 144 economies. The report is made up of over 110 variables, of which two thirds come from the Executive Opinion Survey representing the sample of business leaders, and one third comes from publicly available sources such as the United Nations. The variables are organized into twelve pillars with the most important including: institutions, infrastructure, macroeconomic framework, health and primary education and higher education and training. The GCI score varies between 1 and 7 scale, higher average score means higher degree of competitiveness. This page provides the latest reported value for - Puerto Rico Competitiveness Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




puerto rico

Puerto Rico Competitiveness Rank

Puerto Rico is the 32 most competitive nation in the world out of 138 countries ranked in the 2016-2017 edition of the Global Competitiveness Report published by the World Economic Forum. Competitiveness Rank in Puerto Rico averaged 36 from 2008 until 2015, reaching an all time high of 42 in 2010 and a record low of 30 in 2014. Competitiveness Rank in Puerto Rico is reported by the World Economic Forum. The most recent 2014-2015 edition of Global Competitiveness Report assesses 144 economies and indicates their position relative to the other countries and territories in the index. This page provides the latest reported value for - Puerto Rico Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




puerto rico

Puerto Rico GDP per capita

The Gross Domestic Product per capita in Puerto Rico was last recorded at 27340.65 US dollars in 2018. The GDP per Capita in Puerto Rico is equivalent to 216 percent of the world's average. GDP per capita in Puerto Rico averaged 18075.30 USD from 1960 until 2018, reaching an all time high of 28084.94 USD in 2004 and a record low of 5831.72 USD in 1960. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page provides - Puerto Rico GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.




puerto rico

Puerto Rico GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Puerto Rico contracted 2.40 percent in 2017 from the previous year. GDP Annual Growth Rate in Puerto Rico averaged 3.52 percent from 1961 until 2017, reaching an all time high of 13.80 percent in 1971 and a record low of -3.80 percent in 2009. Puerto Rico is an unincorporated territory of the United States. Once one of the poorest islands in the Caribbean, now it has the highest GDP per capita in the region. Puerto Ricans are considered citizens of the United States and the territory receives funds from the federal government. The most important sector of the economy is export-driven pharmaceutical industry, followed by tourism. However, the private sector lacks the dynamism. As a result, the government is in poor fiscal condition, unemployment rate is high and the labour force participation rate extremely low. This page provides - Puerto Rico GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.




puerto rico

Puerto Rico Current Account

Puerto Rico recorded a Current Account surplus of 8148.10 USD Million in 2018. Current Account in Puerto Rico averaged -1191.73 USD Million from 1971 until 2018, reaching an all time high of 9454.70 USD Million in 2016 and a record low of -6608.10 USD Million in 1997. This page provides - Puerto Rico Current Account- actual values, historical data, forecast, chart, statistics, economic calendar and news.




puerto rico

Puerto Rico GDP Per Capita Ppp

The Gross Domestic Product per capita in Puerto Rico was last recorded at 35085.30 US dollars in 2018, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Puerto Rico, when adjusted by Purchasing Power Parity is equivalent to 197 percent of the world's average. GDP Per Capita Ppp in Puerto Rico averaged 31383.61 USD from 1990 until 2018, reaching an all time high of 36040.40 USD in 2004 and a record low of 22227.20 USD in 1990. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page provides - Puerto Rico Gdp Per Capita Ppp- actual values, historical data, forecast, chart, statistics, economic calendar and news.




puerto rico

Puerto Rico Corruption Rank

Puerto Rico is the 31 least corrupt nation out of 175 countries, according to the 2014 Corruption Perceptions Index reported by Transparency International. Corruption Rank in Puerto Rico averaged 34.29 from 2008 until 2014, reaching an all time high of 39 in 2011 and a record low of 31 in 2014. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory's rank indicates its position relative to the other countries and territories in the index. This page provides the latest reported value for - Puerto Rico Corruption Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




puerto rico

Puerto Rico Corruption Index

Puerto Rico scored 63 points out of 100 on the 2014 Corruption Perceptions Index reported by Transparency International. Corruption Index in Puerto Rico averaged 59.57 Points from 2008 until 2014, reaching an all time high of 63 Points in 2012 and a record low of 55 Points in 2011. Corruption Index in Puerto Rico is reported by the Transparency International. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). This page provides the latest reported value for - Puerto Rico Corruption Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




puerto rico

Puerto Rico Building Permits

Building Permits in Puerto Rico increased to 325 in December from 246 in November of 2015. Building Permits in Puerto Rico averaged 509.20 from 2004 until 2015, reaching an all time high of 1060 in August of 2006 and a record low of 212 in February of 2014. . This page provides - Puerto Rico Building Permits - actual values, historical data, forecast, chart, statistics, economic calendar and news.




puerto rico

Puerto Rico Banks Balance Sheet

Banks Balance Sheet in Puerto Rico increased to 71440.40 USD Million in the third quarter of 2019 from 69939.60 USD Million in the second quarter of 2019. Banks Balance Sheet in Puerto Rico averaged 74209.34 USD Million from 2005 until 2019, reaching an all time high of 101478.90 USD Million in the fourth quarter of 2005 and a record low of 56524.10 USD Million in the fourth quarter of 2015. This page provides - Puerto Rico Banks Balance Sheet- actual values, historical data, forecast, chart, statistics, economic calendar and news.




puerto rico

Puerto Rico Employed Persons

The number of employed persons in Puerto Rico decreased to 949 Thousand in December of 2019 from 957 Thousand in November of 2019. Employed Persons in Puerto Rico averaged 1081.24 Thousand from 1990 until 2019, reaching an all time high of 1301 Thousand in April of 2006 and a record low of 929 Thousand in October of 2017. This page provides - Puerto Rico Employed Persons- actual values, historical data, forecast, chart, statistics, economic calendar and news.




puerto rico

Puerto Rico Unemployed Persons

The number of unemployed persons in Puerto Rico increased to 95 Thousand in December of 2019 from 89 Thousand in November of 2019. Unemployed Persons in Puerto Rico averaged 160.19 Thousand from 1990 until 2019, reaching an all time high of 226 Thousand in August of 1993 and a record low of 76 Thousand in August of 2019. This page provides - Puerto Rico Unemployed Persons- actual values, historical data, forecast, chart, statistics, economic calendar and news.




puerto rico

Puerto Rico Employment Rate

Employment Rate in Puerto Rico decreased to 36.50 percent in November from 36.80 percent in October of 2019. Employment Rate in Puerto Rico averaged 38.94 percent from 1990 until 2019, reaching an all time high of 44.70 percent in March of 2006 and a record low of 33.50 percent in September of 2014. This page provides - Puerto Rico Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.




puerto rico

Puerto Rico Corporate Tax Rate

The Corporate Tax Rate in Puerto Rico stands at 37.50 percent. Corporate Tax Rate in Puerto Rico averaged 37.76 percent from 2004 until 2020, reaching an all time high of 39 percent in 2005 and a record low of 30 percent in 2012. In Puerto Rico, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Puerto Rico. This page provides - Puerto Rico Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.




puerto rico

Puerto Rico Personal Income Tax Rate

The Personal Income Tax Rate in Puerto Rico stands at 33 percent. In Puerto Rico, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labor, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of Puerto Rico. This page provides - Puerto Rico Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.




puerto rico

Puerto Rico Imports

Imports in Puerto Rico decreased to 3302.30 USD Million in December from 4083.80 USD Million in November of 2019. Imports in Puerto Rico averaged 3649.04 USD Million from 2003 until 2019, reaching an all time high of 5311.10 USD Million in October of 2018 and a record low of 2022.40 USD Million in September of 2017. Puerto Rico mainly imports chemicals, oil, food, electrical appliances, machinery and equipment, transport vehicles, and plastics. Puerto Rico’s main imports partner is the United States, accounting for 43 percent of total imports. This page provides - Puerto Rico Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.




puerto rico

Puerto Rico Exports

Exports in Puerto Rico increased to 5457.20 USD Million in December from 5351 USD Million in November of 2019. Exports in Puerto Rico averaged 5222.46 USD Million from 2003 until 2019, reaching an all time high of 8373.70 USD Million in December of 2010 and a record low of 3039.80 USD Million in September of 2017. Puerto Rico main exports products are pharmaceuticals, accounting for over 50 percent of all exports. Others include medical equipment, computers, apparel, canned tuna, rum, beverage and concentrates. Puerto Rico’s main exports partner is the United States, accounting for around 70 percent of total exports. This page provides - Puerto Rico Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.




puerto rico

Puerto Rico Balance of Trade

Puerto Rico recorded a trade surplus of 2154.90 USD Million in December of 2019. Balance of Trade in Puerto Rico averaged 1580.54 USD Million from 2003 until 2019, reaching an all time high of 5218.40 USD Million in December of 2010 and a record low of -187.50 USD Million in November of 2006. Puerto Rico has a strong export-oriented pharmaceutical industry, as a result the country reports consistent trade surpluses. Other exports include: medical equipment, computers, apparel, canned tuna, rum, beverage and concentrates. Puerto Rico mainly imports chemicals, machinery and equipment, clothing, food, fish and petroleum products. Puerto Rico’s main trading partner is the United States, accounting for 58 percent of total trade. Others include, Germany, the Netherlands, Belgium, Spain, the United Kingdom and France. This page provides - Puerto Rico Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.




puerto rico

Puerto Rico Food Inflation

Cost of food in Puerto Rico decreased 1 percent in January of 2020 over the same month in the previous year. Food Inflation in Puerto Rico averaged 2.41 percent from 2005 until 2020, reaching an all time high of 9.69 percent in December of 2008 and a record low of -1.60 percent in December of 2016. This page provides - Puerto Rico Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news.




puerto rico

Puerto Rico Inflation Rate

The inflation rate in Puerto Rico was recorded at 1 percent in January of 2020. Inflation Rate in Puerto Rico averaged 2.04 percent from 2003 until 2020, reaching an all time high of 8.80 percent in October of 2005 and a record low of -1.40 percent in July of 2016. In Puerto Rico, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods. This page provides - Puerto Rico Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.




puerto rico

Puerto Rico Inflation Rate MoM

The Consumer Price Index in Puerto Rico decreased 0 percent in January of 2020 over the previous month. Inflation Rate Mom in Puerto Rico averaged 0.15 percent from 1984 until 2020, reaching an all time high of 3.10 percent in September of 2005 and a record low of -1.90 percent in November of 2008. This page provides - Puerto Rico Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.




puerto rico

Puerto Rico Consumer Price Index (CPI)

Consumer Price Index Cpi in Puerto Rico decreased to 119.28 points in January from 119.30 points in December of 2019. Consumer Price Index Cpi in Puerto Rico averaged 113.29 points from 2006 until 2020, reaching an all time high of 120.41 points in August of 2019 and a record low of 97.70 points in November of 2006. This page provides - Puerto Rico Consumer Price Index Cpi- actual values, historical data, forecast, chart, statistics, economic calendar and news.




puerto rico

Puerto Rico Cpi Housing Utilities

Cpi Housing Utilities in Puerto Rico increased to 115.07 points in January from 114.75 points in December of 2019. Cpi Housing Utilities in Puerto Rico averaged 89 points from 1984 until 2020, reaching an all time high of 116.87 points in April of 2013 and a record low of 63.35 points in January of 1984. This page provides - Puerto Rico Cpi Housing Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.




puerto rico

Puerto Rico Cpi Transportation

The transportation sub-index of the CPI basket in Puerto Rico increased to 111.84 points in January of 2020 from 111.71 points in December of 2019. Cpi Transportation in Puerto Rico averaged 82.30 points from 1984 until 2020, reaching an all time high of 119.94 points in August of 2013 and a record low of 45.05 points in August of 1986. This page provides - Puerto Rico Cpi Transportation- actual values, historical data, forecast, chart, statistics, economic calendar and news.




puerto rico

Puerto Rico House Price Index

Housing Index in Puerto Rico decreased to 145.20 points in the fourth quarter of 2019 from 156.76 points in the third quarter of 2019. Housing Index in Puerto Rico averaged 160.65 points from 1995 until 2019, reaching an all time high of 210.25 points in the second quarter of 2007 and a record low of 100 points in the first quarter of 1995. This page provides - Puerto Rico House Price Index- actual values, historical data, forecast, chart, statistics, economic calendar and news.




puerto rico

Puerto Rico Capital Flows

Puerto Rico recorded a capital and financial account deficit of 5142.70 USD Million in 2017. Capital Flows in Puerto Rico averaged 1148.20 USD Million from 1971 until 2017, reaching an all time high of 8488.70 USD Million in 2004 and a record low of -9325.70 USD Million in 2014. This page provides - Puerto Rico Capital Flows- actual values, historical data, forecast, chart, statistics, economic calendar and news.




puerto rico

Puerto Rico GDP

The Gross Domestic Product (GDP) in Puerto Rico was worth 103 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Puerto Rico represents 0.09 percent of the world economy. GDP in Puerto Rico averaged 42.79 USD Billion from 1960 until 2019, reaching an all time high of 104.34 USD Billion in 2016 and a record low of 1.69 USD Billion in 1960. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides - Puerto Rico GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.




puerto rico

Puerto Rico Population

The total population in Puerto Rico was estimated at 3.2 million people in 2019, according to the latest census figures and projections from Trading Economics. Looking back, in the year of 1960, Puerto Rico had a population of 2.4 million people. The population of Puerto Rico represents 0.05 percent of the world´s total population which arguably means that one person in every 1880 people on the planet is a resident of Puerto Rico. This page provides - Puerto Rico Population - actual values, historical data, forecast, chart, statistics, economic calendar and news.




puerto rico

Puerto Rico Bankruptcies

Bankruptcies in Puerto Rico increased to 254 Companies in February from 193 Companies in January of 2020. Bankruptcies in Puerto Rico averaged 312.51 Companies from 2000 until 2020, reaching an all time high of 1155 Companies in October of 2005 and a record low of 20 Companies in November of 2005. This page provides - Puerto Rico Bankruptcies- actual values, historical data, forecast, chart, statistics, economic calendar and news.




puerto rico

Puerto Rico Non Farm Payrolls

Non Farm Payrolls in Puerto Rico increased by 884 thousand in March of 2020. Non Farm Payrolls in Puerto Rico averaged 891.08 Thousand from 1980 until 2020, reaching an all time high of 1100.80 Thousand in December of 2004 and a record low of 622.40 Thousand in August of 1982. This page provides - Puerto Rico Non Farm Payrolls- actual values, historical data, forecast, chart, statistics, economic calendar and news.




puerto rico

Puerto Rico Unemployment Rate

Unemployment Rate in Puerto Rico decreased to 7.80 percent in February from 9.60 percent in January of 2020. Unemployment Rate in Puerto Rico averaged 14.81 percent from 1976 until 2020, reaching an all time high of 25.30 percent in January of 1983 and a record low of 7 percent in August of 2019. Puerto Rico, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Puerto Rico Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




puerto rico

Puerto Rico - Credit Rating

Standard & Poor's credit rating for Puerto Rico stands at D with negative outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Puerto Rico thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Puerto Rico as reported by major credit rating agencies.




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Puerto Rico Manufacturing Payrolls

Manufacturing Payrolls in Puerto Rico increased by 75 thousand in March of 2020. Manufacturing Payrolls in Puerto Rico averaged 115.27 Thousand from 1990 until 2020, reaching an all time high of 161.60 Thousand in December of 1995 and a record low of 68.70 Thousand in October of 2017. This page provides - Puerto Rico Manufacturing Payrolls- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Puerto Rico Manufacturing Pmi

Manufacturing Pmi in Puerto Rico increased to 50.50 points in March from 49.50 points in February of 2020. Manufacturing Pmi in Puerto Rico averaged 50.62 points from 2010 until 2020, reaching an all time high of 61.70 points in March of 2013 and a record low of 33.10 points in September of 2017. The Puerto Rico Manufacturing PMI is calculated as the simple average of 5 sub-indexes, representing different business conditions in manufacturing establishments: New Orders PMI, Production PMI, Employment PMI, Supplier Deliveries PMI, Own Inventories PMI. The sub-indexes are computed using a diffusion index methodology. In specific, for any given month with respect to the previous month, participants are asked to answer whether the business condition of the establishment: (1) improved, (2) remained the same, or (3) deteriorated. Diffusion indexes are calculated as the percentage of responses that indicate the business condition improved plus half of the percentage of responses that indicate the business condition remained the same. A value above 50 suggests that the business condition has improved from the previous month. This page provides - Puerto Rico Manufacturing Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Puerto Rico Coronavirus Cases

Puerto Rico recorded 31 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, Puerto Rico reported 2 Coronavirus Deaths. This page includes a chart with historical data for Puerto Rico Coronavirus Cases.