Puerto Rico's Current Account Surplus To Widen In FY22 On Aid Inflows, Export Rebound

• Puerto Rico will continue to run wide current account surpluses in the coming years, fueled by strong federal aid inflows. 
• It is forecasted that the surplus will narrow in FY2021 (July 2020 – June 2021) as goods and services exports have contracted sharply, which will likely reverse in FY22 in line with economic re-openings. 
• Fitch Solutions forecasts the current account surplus will reach 11.3% of GDP in FY21, from 17.3% in FY20, before rebounding to 17.7% in FY22.

(Source: Fitch Solutions)