Puerto Rico: Trade balance, percent of GDP
* indicates monthly or quarterly data series
| Puerto Rico |
Trade balance as percent of GDP |
|---|---|
| Latest value | 6.12 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1971 - 2023 |
| Average | 8.25 |
| Min - Max | -23.25 - 28.63 |
| Source | The World Bank |
The latest value from 2023 is 6.12 percent, a decline from 6.66 percent in 2022. In comparison, the world average is -3.03 percent, based on data from 137 countries. Historically, the average for Puerto Rico from 1971 to 2023 is 8.25 percent. The minimum value, -23.25 percent, was reached in 1976 while the maximum of 28.63 percent was recorded in 2003.
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* indicates monthly or quarterly data series
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The trade balance for Puerto Rico and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Trade openness | 101.73 | 2023 | percent |
| Exports, percent of GDP | 53.93 | 2023 | percent |
| Exports, billion dollars | 63.58 | 2023 | billion U.S. dollars |
| Imports, percent of GDP | 47.80 | 2023 | percent |
| Imports, billion dollars | 56.36 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | 6.12 | 2023 | percent |