John C. Williams spoke to the Puerto Rico Chamber of Commerce about the economy, trade tensions and inflation. #NewsismyBusiness
The island’s economy grew 2.1% in fiscal 2024, driven by consumption and trade. #NewsismyBusiness
Puerto Rico remains a significant outlier; its 59% liabilities-to-GDP ratio is nearly double that of any other state. #NewsismyBusiness
This cost would represent 18.3% of the island’s GDP accumulated between 2021 and 2050. #NewsismyBusiness
The economic contribution includes the total financial impact generated by guests during their trip. #NewsismyBusiness
The drop in real GDP reflected a rise in imports and drops in exports and private fixed investment (PFI), the BEA reported. #NewsismyBusiness
Economic growth of 2.8% is projected in the base case for fiscal year 2024, positively impacted by CDBG funds for reconstruction. #NewsismyBusiness
Planning Board uses Okun’s Law and federal funds data to forecast economic and employment trends through 2033. #NewsismyBusiness
U.S. Bureau of Economic Analysis shifts from traditional GNP to GDP, which merits discussion. #NewsismyBusiness
In its report, the BEA discussed the impact of the COVID-19 pandemic on the 2021 Puerto Rico GDP estimate. #NewsismyBusiness
The Economic Development Bank reveals economic data for multiple sectors and increased employment opportunities. #NewsismyBusiness
Fiscal year 2022 sees the highest growth in 23 years, led by personal consumption and investment. #Newsismybusiness
Real gross domestic product (GDP) increased 0.3% in 2019 after decreasing 2.4% in 2018, according to estimates released by the Bureau of Economic Analysis (BEA). The statistics released are BEA’s first official release of GDP for Puerto Rico. The release includes updated estimates for 2012 to 2018 that incorporate new and additional source data and […]
The U.S. Department of Commerce’s Bureau of Economic Analysis released prototype annual estimates of gross domestic product (GDP) for Puerto Rico for the years 2012 to 2018, the agency announced. This publication “represents another major step by the Bureau to develop comprehensive economic accounts for Puerto Rico that are consistent with international guidelines and that are […]
The Puerto Rico Institute of Statistics has joined forces with the Bureau of Economic Analysis and the Puerto Rico Planning Board to continue developing a project to estimate the island’s gross domestic product. To move the initiative forward, the Institute’s Interim Executive Director Orville Disdier traveled to the BEA’s Washington D.C.’s offices last week to […]
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