Puerto Rico |
Gross domestic product, constant prices |
National currency |
Billions |
Source: National Statistics Office. Puerto Rico Planning Board
Latest actual data: 2017/18
National accounts manual used: System of National Accounts 1968
GDP valuation: Market prices
Start/end months of reporting year: July/June
Base year: 1954
Chain-weighted: No
Primary domestic currency: U.S. dollar
Data last updated: 08/2020
|
9.437 |
9.625 |
8.903 |
9.037 |
9.100 |
9.100 |
9.073 |
9.046 |
2018 |
Puerto Rico |
Gross domestic product, constant prices |
Percent change |
|
See notes for:
Gross domestic product, constant prices (National currency).
|
-4.906 |
2.000 |
-7.500 |
1.500 |
0.700 |
0.000 |
-0.300 |
-0.300 |
2018 |
Puerto Rico |
Gross domestic product, current prices |
National currency |
Billions |
Source: National Statistics Office. Puerto Rico Planning Board
Latest actual data: 2017/18
National accounts manual used: System of National Accounts 1968
GDP valuation: Market prices
Start/end months of reporting year: July/June
Base year: 1954
Chain-weighted: No
Primary domestic currency: U.S. dollar
Data last updated: 08/2020
|
101.131 |
103.262 |
93.968 |
95.913 |
97.604 |
98.675 |
99.510 |
100.381 |
2018 |
Puerto Rico |
Gross domestic product, current prices |
U.S. dollars |
Billions |
See notes for:
Gross domestic product, current prices (National currency).
|
101.131 |
103.262 |
93.968 |
95.913 |
97.604 |
98.675 |
99.510 |
100.381 |
2018 |
Puerto Rico |
Gross domestic product, current prices |
Purchasing power parity; international dollars |
Billions |
See notes for:
Gross domestic product, current prices (National currency).
|
112.138 |
116.423 |
109.212 |
113.299 |
116.121 |
118.226 |
120.125 |
122.109 |
2018 |
Puerto Rico |
Gross domestic product, deflator |
Index |
|
See notes for:
Gross domestic product, constant prices (National currency)
Gross domestic product, current prices (National currency).
|
1,071.699 |
1,072.821 |
1,055.424 |
1,061.353 |
1,072.556 |
1,084.322 |
1,096.787 |
1,109.723 |
2018 |
Puerto Rico |
Gross domestic product per capita, constant prices |
National currency |
Units |
See notes for:
Gross domestic product, constant prices (National currency)
Population (Persons).
|
2,948.906 |
3,038.267 |
2,853.195 |
2,940.267 |
3,003.767 |
3,044.827 |
3,072.563 |
3,100.552 |
2018 |
Puerto Rico |
Gross domestic product per capita, constant prices |
Purchasing power parity; 2017 international dollar |
Units |
See notes for:
Gross domestic product, constant prices (National currency)
Population (Persons).
|
34,221.547 |
35,258.564 |
33,110.834 |
34,121.295 |
34,858.195 |
35,334.685 |
35,656.560 |
35,981.367 |
2018 |
Puerto Rico |
Gross domestic product per capita, current prices |
National currency |
Units |
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).
|
31,603.406 |
32,595.173 |
30,113.312 |
31,206.630 |
32,217.075 |
33,015.719 |
33,699.482 |
34,407.542 |
2018 |
Puerto Rico |
Gross domestic product per capita, current prices |
U.S. dollars |
Units |
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).
|
31,603.406 |
32,595.173 |
30,113.312 |
31,206.630 |
32,217.075 |
33,015.719 |
33,699.482 |
34,407.542 |
2018 |
Puerto Rico |
Gross domestic product per capita, current prices |
Purchasing power parity; international dollars |
Units |
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).
|
35,043.197 |
36,749.669 |
34,998.315 |
36,863.173 |
38,329.248 |
39,557.325 |
40,680.990 |
41,855.005 |
2018 |
Puerto Rico |
Gross domestic product based on purchasing-power-parity (PPP) share of world total |
Percent |
|
See notes for:
Gross domestic product, current prices (National currency).
|
0.087 |
0.087 |
0.084 |
0.081 |
0.078 |
0.075 |
0.073 |
0.070 |
2018 |
Puerto Rico |
Implied PPP conversion rate |
National currency per current international dollar |
|
See notes for:
Gross domestic product, current prices (National currency).
|
0.902 |
0.887 |
0.860 |
0.847 |
0.841 |
0.835 |
0.828 |
0.822 |
2018 |
Puerto Rico |
Total investment |
Percent of GDP |
|
Source: National Statistics Office. Puerto Rico Planning Board
Latest actual data: 2017/18
National accounts manual used: System of National Accounts 1968
GDP valuation: Market prices
Start/end months of reporting year: July/June
Base year: 1954
Chain-weighted: No
Primary domestic currency: U.S. dollar
Data last updated: 08/2020
|
8.822 |
8.857 |
9.192 |
9.038 |
8.958 |
8.940 |
8.949 |
8.958 |
2018 |
Puerto Rico |
Inflation, average consumer prices |
Index |
|
Source: National Statistics Office
Latest actual data: 2018/19
Harmonized prices: No
Frequency of source data: Monthly
Base year: 2006/07. Base year, December 2006.
Primary domestic currency: U.S. dollar
Data last updated: 08/2020
|
119.400 |
119.525 |
117.587 |
118.247 |
119.495 |
120.806 |
122.195 |
123.636 |
2019 |
Puerto Rico |
Inflation, average consumer prices |
Percent change |
|
See notes for:
Inflation, average consumer prices (Index).
|
1.272 |
0.105 |
-1.622 |
0.562 |
1.055 |
1.097 |
1.150 |
1.179 |
2019 |
Puerto Rico |
Inflation, end of period consumer prices |
Index |
|
Source: National Statistics Office
Latest actual data: 2018/19
Harmonized prices: No
Frequency of source data: Monthly
Base year: 2006/07. Base year, December 2006.
Primary domestic currency: U.S. dollar
Data last updated: 08/2020
|
118.672 |
119.300 |
117.365 |
118.025 |
119.270 |
120.579 |
121.965 |
123.404 |
2019 |
Puerto Rico |
Inflation, end of period consumer prices |
Percent change |
|
See notes for:
Inflation, end of period consumer prices (Index).
|
0.569 |
0.529 |
-1.622 |
0.562 |
1.055 |
1.097 |
1.150 |
1.179 |
2019 |
Puerto Rico |
Unemployment rate |
Percent of total labor force |
|
Source: National Statistics Office
Latest actual data: 2018/19
Employment type: National definition. Consistent with U.S. definition
Primary domestic currency: U.S. dollar
Data last updated: 08/2020
|
9.200 |
8.300 |
12.000 |
11.500 |
10.000 |
9.500 |
9.000 |
8.500 |
2019 |
Puerto Rico |
Employment |
Persons |
Millions |
Source: National Statistics Office
Latest actual data: 2018/19
Employment type: National definition. Consistent with U.S. definition
Primary domestic currency: U.S. dollar
Data last updated: 08/2020
|
0.985 |
0.987 |
0.886 |
0.866 |
n/a |
n/a |
n/a |
n/a |
2019 |
Puerto Rico |
Population |
Persons |
Millions |
Source: National Statistics Office
Latest actual data: 2018/19
Primary domestic currency: U.S. dollar
Data last updated: 08/2020
|
3.200 |
3.168 |
3.120 |
3.073 |
3.030 |
2.989 |
2.953 |
2.917 |
2019 |
Puerto Rico |
General government revenue |
National currency |
Billions |
Source: Government Development Bank of Puerto Rico; and Fiscal and Economic Growth Plan
Latest actual data: 2015/16
Notes: Last available fiscal data are from FY 2015/16.
Fiscal assumptions: Fiscal projections are based on the Puerto Rico Fiscal and Economic Growth Plans (FEGPs), which were prepared in October 2018, and certified by the Oversight Board. In line with assumptions of this plan, IMF projections assume federal aid for rebuilding after Hurricane Maria devastated the island in September 2017. The projections also assume revenue losses from the following: Puerto Rico will lose federal funding for the Affordable Care Act (ACA) starting in 2020; federal tax incentives, which were neutralizing the effects of Puerto Rico’s Act 154 on foreign companies, will begin to decline starting in 2018; and the effects of Tax Cuts and Jobs Act which reduce tax advantage of U.S. companies producing in Puerto Rico will narrow this revenue base. Given sizable policy uncertainty, some FEGP and IMF assumptions may differ, in particular, those relating to the effects of the corporate tax reform, tax compliance and tax adjustments (fees and rates); reduction of subsidies, freezing of payroll operational costs, improvement of mobility, and reduction of expenses; and increasing health care efficiency. On the expenditure side, measures include extension of Act 66, which freezes much government spending, through 2020; reduction of operating costs; decreases in government subsidies; and spending cuts in education. Although IMF policy assumptions are similar to those in the FEGP scenario with full measures, the IMF’s projections of fiscal revenues, expenditures, and balance are different from FEGP’s. This stems from two main differences in methodologies. First, IMF projections are on an accrual basis, FEGP’s are on a cash basis. Second, the IMF and FEGP make very different macroeconomic assumptions.
Start/end months of reporting year: July/June
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Accrual. IMF calculations are based on an accrual basis, whereas authorities' calculations are based on a cash basis.
General government includes: General government is defined as all general governmental entities, excluding Puerto Rico Electric Power Authority (PREPA) and Puerto Rico Aqueducts and Sewers Authority (PRASA). General government entities include the General Fund, Puerto Rico Infrastructure Financing Authority (PRIFA), Puerto Rico Sales Tax Financing Corporation (COFINA), Puerto Rico Industrial Development Company (PRIDCO), Highways and Transportation Authority (HTA), University of Puerto Rico (UPR), Government Development Bank of Puerto Rico (GDB), and Municipal Revenues Collection Center (CRIM). In addition, pension funds (ERS, TRS, and JRS) are also considered as part of general government.
Valuation of public debt: Current market value. Data for public debt have been provided by the authorities. The definition of government for public debt data excludes PREPA and PRASA and includes all other entities of general government in fiscal accounts.
Primary domestic currency: U.S. dollar
Data last updated: 08/2020
|
21.999 |
22.482 |
20.933 |
20.145 |
19.828 |
19.486 |
19.446 |
19.831 |
2016 |
Puerto Rico |
General government revenue |
Percent of GDP |
|
See notes for:
General government revenue (National currency).
|
21.753 |
21.772 |
22.277 |
21.003 |
20.315 |
19.748 |
19.542 |
19.755 |
2016 |
Puerto Rico |
General government total expenditure |
National currency |
Billions |
Source: Government Development Bank of Puerto Rico; and Fiscal and Economic Growth Plan
Latest actual data: 2015/16
Notes: Last available fiscal data are from FY 2015/16.
Fiscal assumptions: Fiscal projections are based on the Puerto Rico Fiscal and Economic Growth Plans (FEGPs), which were prepared in October 2018, and certified by the Oversight Board. In line with assumptions of this plan, IMF projections assume federal aid for rebuilding after Hurricane Maria devastated the island in September 2017. The projections also assume revenue losses from the following: Puerto Rico will lose federal funding for the Affordable Care Act (ACA) starting in 2020; federal tax incentives, which were neutralizing the effects of Puerto Rico’s Act 154 on foreign companies, will begin to decline starting in 2018; and the effects of Tax Cuts and Jobs Act which reduce tax advantage of U.S. companies producing in Puerto Rico will narrow this revenue base. Given sizable policy uncertainty, some FEGP and IMF assumptions may differ, in particular, those relating to the effects of the corporate tax reform, tax compliance and tax adjustments (fees and rates); reduction of subsidies, freezing of payroll operational costs, improvement of mobility, and reduction of expenses; and increasing health care efficiency. On the expenditure side, measures include extension of Act 66, which freezes much government spending, through 2020; reduction of operating costs; decreases in government subsidies; and spending cuts in education. Although IMF policy assumptions are similar to those in the FEGP scenario with full measures, the IMF’s projections of fiscal revenues, expenditures, and balance are different from FEGP’s. This stems from two main differences in methodologies. First, IMF projections are on an accrual basis, FEGP’s are on a cash basis. Second, the IMF and FEGP make very different macroeconomic assumptions.
Start/end months of reporting year: July/June
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Accrual. IMF calculations are based on an accrual basis, whereas authorities' calculations are based on a cash basis.
General government includes: General government is defined as all general governmental entities, excluding Puerto Rico Electric Power Authority (PREPA) and Puerto Rico Aqueducts and Sewers Authority (PRASA). General government entities include the General Fund, Puerto Rico Infrastructure Financing Authority (PRIFA), Puerto Rico Sales Tax Financing Corporation (COFINA), Puerto Rico Industrial Development Company (PRIDCO), Highways and Transportation Authority (HTA), University of Puerto Rico (UPR), Government Development Bank of Puerto Rico (GDB), and Municipal Revenues Collection Center (CRIM). In addition, pension funds (ERS, TRS, and JRS) are also considered as part of general government.
Valuation of public debt: Current market value. Data for public debt have been provided by the authorities. The definition of government for public debt data excludes PREPA and PRASA and includes all other entities of general government in fiscal accounts.
Primary domestic currency: U.S. dollar
Data last updated: 08/2020
|
24.534 |
25.153 |
24.461 |
22.252 |
21.550 |
21.253 |
20.945 |
21.210 |
2016 |
Puerto Rico |
General government total expenditure |
Percent of GDP |
|
See notes for:
General government total expenditure (National currency).
|
24.260 |
24.359 |
26.031 |
23.200 |
22.079 |
21.538 |
21.049 |
21.129 |
2016 |
Puerto Rico |
General government net lending/borrowing |
National currency |
Billions |
Source: Government Development Bank of Puerto Rico; and Fiscal and Economic Growth Plan
Latest actual data: 2015/16
Notes: Last available fiscal data are from FY 2015/16.
Fiscal assumptions: Fiscal projections are based on the Puerto Rico Fiscal and Economic Growth Plans (FEGPs), which were prepared in October 2018, and certified by the Oversight Board. In line with assumptions of this plan, IMF projections assume federal aid for rebuilding after Hurricane Maria devastated the island in September 2017. The projections also assume revenue losses from the following: Puerto Rico will lose federal funding for the Affordable Care Act (ACA) starting in 2020; federal tax incentives, which were neutralizing the effects of Puerto Rico’s Act 154 on foreign companies, will begin to decline starting in 2018; and the effects of Tax Cuts and Jobs Act which reduce tax advantage of U.S. companies producing in Puerto Rico will narrow this revenue base. Given sizable policy uncertainty, some FEGP and IMF assumptions may differ, in particular, those relating to the effects of the corporate tax reform, tax compliance and tax adjustments (fees and rates); reduction of subsidies, freezing of payroll operational costs, improvement of mobility, and reduction of expenses; and increasing health care efficiency. On the expenditure side, measures include extension of Act 66, which freezes much government spending, through 2020; reduction of operating costs; decreases in government subsidies; and spending cuts in education. Although IMF policy assumptions are similar to those in the FEGP scenario with full measures, the IMF’s projections of fiscal revenues, expenditures, and balance are different from FEGP’s. This stems from two main differences in methodologies. First, IMF projections are on an accrual basis, FEGP’s are on a cash basis. Second, the IMF and FEGP make very different macroeconomic assumptions.
Start/end months of reporting year: July/June
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Accrual. IMF calculations are based on an accrual basis, whereas authorities' calculations are based on a cash basis.
General government includes: General government is defined as all general governmental entities, excluding Puerto Rico Electric Power Authority (PREPA) and Puerto Rico Aqueducts and Sewers Authority (PRASA). General government entities include the General Fund, Puerto Rico Infrastructure Financing Authority (PRIFA), Puerto Rico Sales Tax Financing Corporation (COFINA), Puerto Rico Industrial Development Company (PRIDCO), Highways and Transportation Authority (HTA), University of Puerto Rico (UPR), Government Development Bank of Puerto Rico (GDB), and Municipal Revenues Collection Center (CRIM). In addition, pension funds (ERS, TRS, and JRS) are also considered as part of general government.
Valuation of public debt: Current market value. Data for public debt have been provided by the authorities. The definition of government for public debt data excludes PREPA and PRASA and includes all other entities of general government in fiscal accounts.
Primary domestic currency: U.S. dollar
Data last updated: 08/2020
|
-2.535 |
-2.671 |
-3.528 |
-2.107 |
-1.722 |
-1.767 |
-1.499 |
-1.379 |
2016 |
Puerto Rico |
General government net lending/borrowing |
Percent of GDP |
|
See notes for:
General government net lending/borrowing (National currency).
|
-2.507 |
-2.587 |
-3.754 |
-2.197 |
-1.764 |
-1.790 |
-1.506 |
-1.374 |
2016 |
Puerto Rico |
General government primary net lending/borrowing |
National currency |
Billions |
Source: Government Development Bank of Puerto Rico; and Fiscal and Economic Growth Plan
Latest actual data: 2015/16
Notes: Last available fiscal data are from FY 2015/16.
Fiscal assumptions: Fiscal projections are based on the Puerto Rico Fiscal and Economic Growth Plans (FEGPs), which were prepared in October 2018, and certified by the Oversight Board. In line with assumptions of this plan, IMF projections assume federal aid for rebuilding after Hurricane Maria devastated the island in September 2017. The projections also assume revenue losses from the following: Puerto Rico will lose federal funding for the Affordable Care Act (ACA) starting in 2020; federal tax incentives, which were neutralizing the effects of Puerto Rico’s Act 154 on foreign companies, will begin to decline starting in 2018; and the effects of Tax Cuts and Jobs Act which reduce tax advantage of U.S. companies producing in Puerto Rico will narrow this revenue base. Given sizable policy uncertainty, some FEGP and IMF assumptions may differ, in particular, those relating to the effects of the corporate tax reform, tax compliance and tax adjustments (fees and rates); reduction of subsidies, freezing of payroll operational costs, improvement of mobility, and reduction of expenses; and increasing health care efficiency. On the expenditure side, measures include extension of Act 66, which freezes much government spending, through 2020; reduction of operating costs; decreases in government subsidies; and spending cuts in education. Although IMF policy assumptions are similar to those in the FEGP scenario with full measures, the IMF’s projections of fiscal revenues, expenditures, and balance are different from FEGP’s. This stems from two main differences in methodologies. First, IMF projections are on an accrual basis, FEGP’s are on a cash basis. Second, the IMF and FEGP make very different macroeconomic assumptions.
Start/end months of reporting year: July/June
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Accrual. IMF calculations are based on an accrual basis, whereas authorities' calculations are based on a cash basis.
General government includes: General government is defined as all general governmental entities, excluding Puerto Rico Electric Power Authority (PREPA) and Puerto Rico Aqueducts and Sewers Authority (PRASA). General government entities include the General Fund, Puerto Rico Infrastructure Financing Authority (PRIFA), Puerto Rico Sales Tax Financing Corporation (COFINA), Puerto Rico Industrial Development Company (PRIDCO), Highways and Transportation Authority (HTA), University of Puerto Rico (UPR), Government Development Bank of Puerto Rico (GDB), and Municipal Revenues Collection Center (CRIM). In addition, pension funds (ERS, TRS, and JRS) are also considered as part of general government.
Valuation of public debt: Current market value. Data for public debt have been provided by the authorities. The definition of government for public debt data excludes PREPA and PRASA and includes all other entities of general government in fiscal accounts.
Primary domestic currency: U.S. dollar
Data last updated: 08/2020
|
-0.239 |
-0.422 |
-1.356 |
0.002 |
0.337 |
0.247 |
0.458 |
0.525 |
2016 |
Puerto Rico |
General government primary net lending/borrowing |
Percent of GDP |
|
See notes for:
General government primary net lending/borrowing (National currency).
|
-0.237 |
-0.409 |
-1.443 |
0.002 |
0.345 |
0.251 |
0.460 |
0.523 |
2016 |
Puerto Rico |
General government gross debt |
National currency |
Billions |
Source: Government Development Bank of Puerto Rico; and Fiscal and Economic Growth Plan
Latest actual data: 2015/16
Notes: Last available fiscal data are from FY 2015/16.
Fiscal assumptions: Fiscal projections are based on the Puerto Rico Fiscal and Economic Growth Plans (FEGPs), which were prepared in October 2018, and certified by the Oversight Board. In line with assumptions of this plan, IMF projections assume federal aid for rebuilding after Hurricane Maria devastated the island in September 2017. The projections also assume revenue losses from the following: Puerto Rico will lose federal funding for the Affordable Care Act (ACA) starting in 2020; federal tax incentives, which were neutralizing the effects of Puerto Rico’s Act 154 on foreign companies, will begin to decline starting in 2018; and the effects of Tax Cuts and Jobs Act which reduce tax advantage of U.S. companies producing in Puerto Rico will narrow this revenue base. Given sizable policy uncertainty, some FEGP and IMF assumptions may differ, in particular, those relating to the effects of the corporate tax reform, tax compliance and tax adjustments (fees and rates); reduction of subsidies, freezing of payroll operational costs, improvement of mobility, and reduction of expenses; and increasing health care efficiency. On the expenditure side, measures include extension of Act 66, which freezes much government spending, through 2020; reduction of operating costs; decreases in government subsidies; and spending cuts in education. Although IMF policy assumptions are similar to those in the FEGP scenario with full measures, the IMF’s projections of fiscal revenues, expenditures, and balance are different from FEGP’s. This stems from two main differences in methodologies. First, IMF projections are on an accrual basis, FEGP’s are on a cash basis. Second, the IMF and FEGP make very different macroeconomic assumptions.
Start/end months of reporting year: July/June
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Accrual. IMF calculations are based on an accrual basis, whereas authorities' calculations are based on a cash basis.
General government includes: General government is defined as all general governmental entities, excluding Puerto Rico Electric Power Authority (PREPA) and Puerto Rico Aqueducts and Sewers Authority (PRASA). General government entities include the General Fund, Puerto Rico Infrastructure Financing Authority (PRIFA), Puerto Rico Sales Tax Financing Corporation (COFINA), Puerto Rico Industrial Development Company (PRIDCO), Highways and Transportation Authority (HTA), University of Puerto Rico (UPR), Government Development Bank of Puerto Rico (GDB), and Municipal Revenues Collection Center (CRIM). In addition, pension funds (ERS, TRS, and JRS) are also considered as part of general government.
Valuation of public debt: Current market value. Data for public debt have been provided by the authorities. The definition of government for public debt data excludes PREPA and PRASA and includes all other entities of general government in fiscal accounts.
Primary domestic currency: U.S. dollar
Data last updated: 08/2020
|
55.876 |
58.040 |
60.897 |
62.603 |
63.998 |
65.429 |
66.643 |
67.760 |
2016 |
Puerto Rico |
General government gross debt |
Percent of GDP |
|
See notes for:
General government gross debt (National currency).
|
55.251 |
56.206 |
64.806 |
65.271 |
65.569 |
66.307 |
66.971 |
67.502 |
2016 |
Puerto Rico |
Gross domestic product corresponding to fiscal year, current prices |
National currency |
Billions |
Source: Government Development Bank of Puerto Rico; and Fiscal and Economic Growth Plan
Latest actual data: 2015/16
Notes: Last available fiscal data are from FY 2015/16.
Fiscal assumptions: Fiscal projections are based on the Puerto Rico Fiscal and Economic Growth Plans (FEGPs), which were prepared in October 2018, and certified by the Oversight Board. In line with assumptions of this plan, IMF projections assume federal aid for rebuilding after Hurricane Maria devastated the island in September 2017. The projections also assume revenue losses from the following: Puerto Rico will lose federal funding for the Affordable Care Act (ACA) starting in 2020; federal tax incentives, which were neutralizing the effects of Puerto Rico’s Act 154 on foreign companies, will begin to decline starting in 2018; and the effects of Tax Cuts and Jobs Act which reduce tax advantage of U.S. companies producing in Puerto Rico will narrow this revenue base. Given sizable policy uncertainty, some FEGP and IMF assumptions may differ, in particular, those relating to the effects of the corporate tax reform, tax compliance and tax adjustments (fees and rates); reduction of subsidies, freezing of payroll operational costs, improvement of mobility, and reduction of expenses; and increasing health care efficiency. On the expenditure side, measures include extension of Act 66, which freezes much government spending, through 2020; reduction of operating costs; decreases in government subsidies; and spending cuts in education. Although IMF policy assumptions are similar to those in the FEGP scenario with full measures, the IMF’s projections of fiscal revenues, expenditures, and balance are different from FEGP’s. This stems from two main differences in methodologies. First, IMF projections are on an accrual basis, FEGP’s are on a cash basis. Second, the IMF and FEGP make very different macroeconomic assumptions.
Start/end months of reporting year: July/June
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Accrual. IMF calculations are based on an accrual basis, whereas authorities' calculations are based on a cash basis.
General government includes: General government is defined as all general governmental entities, excluding Puerto Rico Electric Power Authority (PREPA) and Puerto Rico Aqueducts and Sewers Authority (PRASA). General government entities include the General Fund, Puerto Rico Infrastructure Financing Authority (PRIFA), Puerto Rico Sales Tax Financing Corporation (COFINA), Puerto Rico Industrial Development Company (PRIDCO), Highways and Transportation Authority (HTA), University of Puerto Rico (UPR), Government Development Bank of Puerto Rico (GDB), and Municipal Revenues Collection Center (CRIM). In addition, pension funds (ERS, TRS, and JRS) are also considered as part of general government.
Valuation of public debt: Current market value. Data for public debt have been provided by the authorities. The definition of government for public debt data excludes PREPA and PRASA and includes all other entities of general government in fiscal accounts.
Primary domestic currency: U.S. dollar
Data last updated: 08/2020
|
101.131 |
103.262 |
93.968 |
95.913 |
97.604 |
98.675 |
99.510 |
100.381 |
2016 |