Puerto Rico: Exports, percent of GDP

* indicates monthly or quarterly data series
 Puerto Rico

Exports of goods and services as percent of GDP

 Latest value 52.71
 Year 2022
 Measure percent
 Data availability 1971 - 2022
 Average 55.96
 Min - Max 31.19 - 73.74
 Source The World Bank
For that indicator, we provide data for Puerto Rico from 1971 to 2022. The average value for Puerto Rico during that period was 55.96 percent with a minimum of 31.19 percent in 1972 and a maximum of 73.74 percent in 2003. The latest value from 2022 is 52.71 percent. For comparison, the world average in 2022 based on 133 countries is 47.15 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Puerto Rico - Exports, percent of GDP - recent values

Historical chart
Puerto Rico - Exports, percent of GDP - historical chart - 1971-2022

The exports of Puerto Rico and other countries are calculated as the total amount of goods and services produced at home and sold abroad. Exports are often reported as percent of GDP so that we can evaluate their magnitude relative to the size of the economy.

If exports are about 15 percent or less of GDP the economy is considered relatively closed as only 15 percent of its products are sold internationally. That, for example, applies to the U.S. In contrast, many small European countries export over 40 percent of their production. They are considered more open to international trade.
Definition: Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.

 Related indicators Latest value Reference Measure
 Trade openness 98.11 2022 percent
 Exports, percent of GDP 52.71 2022 percent
 Exports, billion dollars 59.79 2022 billion U.S. dollars
 Imports, percent of GDP 45.41 2022 percent
 Imports, billion dollars 51.51 2022 billion U.S. dollars
 Trade balance, percent of GDP 7.30 2022 percent
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