Budget balance — all countries

Budget balance — Puerto Rico

Budget balance in Puerto Rico in 2031 — -0.1%. Ranked 35 in the world out of 188. Since 2014, the indicator has risen by 3 pp.

2031 -0.1% +0.1 pp vs 2030
World rank 35of 188
Period maximum 1.9%2019
Period minimum -3.1%2014

Trend over time

2014–2031 · % of GDP

Budget balance — Puerto Rico, 2014–2031-4-20220142016201820202022202420262028203020312014: -3.1%2015: -2.1%2016: -1.8%2017: -1.1%2018: 0%2019: 1.9%2020: -0.6%2021: -0.3%2022: 1.8%2023: 0.3%2024: -0.5%2025: -0.4%2026: -0.4%2027: -0.4%2028: -0.6%2029: -0.2%2030: -0.2%2031: -0.1%
Change over the period: +3 pp Annual average: 0.18 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: Puerto Rico

Puerto Rico -0.1%
World computed -4.85%
Latin America & Caribbean computed -3.31%
High-income countries computed -4.26%
Budget balance — Puerto Rico, by year Puerto Rico All countries CSV XLSX
Year % Change, pp
2031 -0.1 +0.1 pp
2030 -0.2 +0 pp
2029 -0.2 +0.4 pp
2028 -0.6 −0.2 pp
2027 -0.4 +0 pp
2026 -0.4 +0 pp
2025 -0.4 +0.1 pp
2024 -0.5 −0.8 pp
2023 0.3 −1.5 pp
2022 1.8 +2.1 pp
2021 -0.3 +0.3 pp
2020 -0.6 −2.5 pp
2019 1.9 +1.9 pp
2018 0 +1.1 pp
2017 -1.1 +0.7 pp
2016 -1.8 +0.3 pp
2015 -2.1 +1 pp
2014 -3.1

About the indicator

Net lending or net borrowing of general government as a percent of GDP — what is commonly called the budget deficit, taken with a plus sign when there is a surplus. General government includes regions, local authorities and extrabudgetary funds, so the quantity is fuller than the balance of the central budget alone. The IMF series runs with a forecast several years ahead.

Important: Negative values are deficits. Accumulated deficits are what government debt is, so the two indicators are worth looking at together: a country can live with a deficit for years and carry a small debt all the same, if its economy grows faster.

Source: World Economic Outlook (IMF), license IMF open data.