Puerto Rico’s economy grows 3.7%, highest in 23 years
May 11, 2023
Fiscal year 2022 sees the highest growth in 23 years, led by personal consumption and investment. #Newsismybusiness
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Bureau of Economic Analysis confirms Puerto Rico’s GDP up 0.3% in ’19
September 28, 2021
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 […]
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Bureau of Economic Analysis releases 1st prototype of GDP estimates for Puerto Rico
September 29, 2020
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 […]
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Statistics Institute joins forces with 2 agencies to estimate P.R.’s GDP
September 11, 2019
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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Tax experts debate PROMESA’s ‘promise’ at D.C. panel
September 28, 2016
WASHINGTON — Half a dozen tax attorneys and D.C. policy wonks bickered Tuesday over how to bring Puerto Rico out of its perennial economic crisis in the context of PROMESA, the Puerto Rico Oversight, Management and Economic Stability Act.
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Puerto Rico needs to ‘refocus to find economic growth’
December 3, 2012
Puerto Rico’s current economy is smaller and less populated than when many of its legal and government structures were effected, making it necessary to refocus development policies to be able to move forward.
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