National Debt (% of GDP): Puerto Rico

Analysis# Puerto Rico National Debt (% of GDP) Puerto Rico's national debt stands at 18.7% of GDP in 2026, a dramatic improvement from its all-time peak of 54.5% in 2014. The island has achieved a 44.0% reduction in this ratio since 2006, demonstrating substantial fiscal consolidation. The current level remains marginally above the all-time low of 16.6% recorded in 2023, indicating sustained progress toward debt sustainability. A sharp transformation occurred between 2021 and 2022, when the debt-to-GDP ratio collapsed from 48.9% to 16.7%—a structural shift likely reflecting debt restructuring or accounting adjustments rather than gradual improvement. Since 2022, the metric has remained stable in the 16–19% range, with a modest upward creep in 2024–2026. Forward projections suggest continued elevation, signaling potential headwinds to debt reduction momentum in coming years.