Puerto Rico: Fiscal balance, percent of GDP
* indicates monthly or quarterly data series
| Puerto Rico |
Fiscal balance, percent of GDP |
|---|---|
| Latest value | 1.77 |
| Year | 2022 |
| Measure | percent |
| Data availability | 2014 - 2022 |
| Average | -0.58 |
| Min - Max | -3.07 - 1.90 |
| Source | International Monetary Fund (IMF) |
The latest value from 2022 is 1.77 percent, an increase from -0.26 percent in 2021. In comparison, the world average is -2.54 percent, based on data from 162 countries. Historically, the average for Puerto Rico from 2014 to 2022 is -0.58 percent. The minimum value, -3.07 percent, was reached in 2014 while the maximum of 1.9 percent was recorded in 2019.
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Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.
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What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 6.87 | 2022 | percent |
| Government spending, in dollars | 8.40 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | 1.77 | 2022 | percent |
| Government debt | 16.75 | 2022 | percent |
| Commercial tax rate | 64.40 | 2019 | percent |
| Tax preparation time | 218 | 2019 | hours |
| Number of taxes | 16 | 2019 | taxes |