Puerto Rico's GDP growth rate has been negative or stagnant since 2006, a recession that will continue in the near future. Does anyone know of any country or state with a recorded recession of more than 11 years?
I looked over GDP for United States and in the great depression negative growth was experienced for 4 straight years. Since the great depression negative growth has never exceeded 2 years. As such if Puerto Rico has shown negative growth for 11 years this is among the worst depressions. I believe the Stalin era however would probably win out where stagnation was for very prolonged periods and certainly Zimbabwe is way up there in halmarks of stagnated economies.
The recessionary trends which resulted in the aftermath of both the World Wars created cycles of recession which lasted in between 2-4 years. However, it is to be understood that they were a result of the destruction caused due to the war and the subsequent process of rebuilding. The present case of negative growth of 11 straight years is something which is unheard of. There are the cases of Venezuela and Zimbabwe struggling with hyperinflation in the past years but recession for such long period is something which is unique in its own way.
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