Puerto Rico's real GDP grew by 3.0% in 2023, primarily due to an increase in exports, with personal consumption, government spending, and private investment also contributing to the growth.
Why it matters. Economic growth in Puerto Rico could affect local businesses and residents, as well as federal and state policies related to the island's economy.
Real gross domestic product for Puerto Rico increased 3.0 percent in 2023 after decreasing 2.
The increase in real gross domestic product (GDP) in 2023 primarily reflected an increase in exports . Personal consumption expenditures, government spending, and private fixed investment also increased.
Real gross domestic product for Puerto Rico increased 3.0 percent in 2023 after decreasing 2.1 percent in 2022, according to statistics released today by the U.S.
