September 28, 2020

Prototype Gross Domestic Product for Puerto Rico, 2012–2018

Today, the Bureau of Economic Analysis (BEA) released prototype annual estimates of gross domestic product (GDP) for Puerto Rico for 2012 to 2018. This release represents another major step by the Bureau to develop comprehensive economic accounts for Puerto Rico that are consistent with international guidelines and that are directly comparable to data for other states and countries.

The prototype estimates showed that the Puerto Rico economy, as measured by inflation-adjusted (or “real”) GDP, expanded from 2012 to 2014, before turning down in 2015 and continuing to decrease through 2018. Exports of goods and services was a key contributor to changes in real GDP over this period.

 

Principal Federal Economic Indicators

Gross Domestic Product
Q2 2020 (2nd)
-31.7%
Personal Income
July 2020
0.4%
International Trade in Goods and Services
July 2020
-$63.6B
International Transactions
2nd quarter 2020
-$170.5 B

Noteworthy

The BEA Wire | BEA's Official Blog

Prototype Gross Domestic Product for Puerto Rico, 2012–2018

September 28, 2020

The Bureau of Economic Analysis on Monday released prototype annual estimates of gross domestic product for Puerto Rico for 2012 to 2018. This release represents another major step by the Bureau to develop comprehensive economic accounts for Puerto Rico that are consistent with international guidelines and that are directly comparable to data for other states and countries.

In conjunction with this release, BEA is requesting feedback…

Coming Monday: Prototype GDP Statistics for Puerto Rico

September 25, 2020

BEA will release – for the first time – prototype statistics showing gross domestic product and its components for Puerto Rico at 11 a.m. Eastern time on Monday, September 28.

The prototype GDP statistics in the report will cover the years 2012-2018 and will include the components of GDP: consumer spending, private fixed investment, private inventory investment, imports and exports, and government spending.

Personal Income by State, 2nd Quarter 2020

September 24, 2020

State personal income increased 34.2 percent at an annual rate in the second quarter of 2020, an acceleration from the 4.1 percent increases in the first quarter. Personal income increased in every state and the District of Columbia ranging from 15.3 percent in the District of Columbia to 76.3 percent in Massachusetts.

U.S. Current Account Deficit Widens In Second Quarter 2020

September 18, 2020

The U.S. current account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, widened by $59.0 billion, or 52.9 percent, to $170.5 billion in the second quarter of 2020. The widening reflected an expanded deficit on goods and reduced surpluses on primary income and on services. The second quarter deficit was 3.5 percent of current dollar gross…

Second Quarter Industry, State GDP Stats Come Earlier This Year

September 4, 2020

BEA is speeding up by weeks the release of industry and state statistics that will provide a powerful tool for analyzing the second quarter’s rapid shifts in U.S. economic activity.

@BEA_News on Twitter