Puerto Rico and the Caribbean
www.theweeklyjournal.com
>Josian E. Bruno Gómez
Wednesday, September 29 - October 5, 2021 - // no. 127
Prepa Under Fire P6
Puerto Rico’s
Good News for Public Retirees P7
GDP Increased by 0.3 Percent in 2019 >Archive
>Courtesy of Marconi Campos Cerqueira
Cyber Fraud Costing Millions P8
First official BEA release of GDP for the island, 2012–2019
P Rosario Fajardo
New Puerto Rico Bird Atlas P13
rfajardo@wjournalpr.com
@RosarioWJournal
uerto Rico’s real gross-domestic product (GDP) increased slightly by 0.3 percent in 2019 after decreasing 2.4 percent in 2018, which reflected the immediate impact of Hurricane Maria in September 2017, according to newly released estimates by the U.S. Department of Commerce’s Bureau of Economic Analysis (BEA). The statistics released this week are the 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 methodology improvements to the prototype GDP statistics that were released in September 2020. The report found that the pharmaceutical industry continue to be important for Puerto Rico, as the increase in real GDP in 2019 reflected an increase in the island’s exports. “Although private inventory investment, government spending, and consumer spending declined, these decreases were largely offset by a decrease in imports, which GO TO PAGE 4