The most important global economies are generally determined by their Gross Domestic Product (GDP),which measures the total value of goods and services produced within a country. Despite the recentglobal tensions and the disruption created by the Covid-19, measured by GPD, the global economy isgrowing at an average rate of 3% during 2023 and the projection for 2024 is 2.9%, according to theInternational Monetary Fund data...Read More
As we transition to the new year, and the business sector has begun to make plans and budgets for thenew year. The Intelligent Economics team is ready to provide the data and economic analysis you needto support your business decisions. The starting point of our analysis and vision for 2024 suggests that,as we approach the fourth anniversary of Covid-19 and the injection of $20 billion...Read More
In the month of December 2023, a total of 11,538 new car units were sold in PuertoRico, showing a decrease of about 3.95% from the 11,802 vehicles sold in December2022 according to data from the United Group of Automobile Importers (GUIA, for itsSpanish acronym). When comparing the YTD of 2022 and 2023, there’s been anincrease of 3.92% on all car sales. December 2023 had the...Read More
The Index of Coincident Indicators in Manufacturing (IICM) rose to 115.9 in October, according to data from the Office of Business Strategy and Intelligence of the Department of Economic Development and Commerce (DDEC). It is the highest level since March 2009. When comparing the month of October last year, the Index grew 3.9% and already has 31 months of year-on-year increases. The index increased 0.6%...Read More
During the calendar years 2021 and 2022, data from the Community Survey indicate that the net migration balance between Puerto Rico and the United States decreased from 27,000 to 16,000 people emigrating or by 41%, revealed the Migrant Profile 2021-2022, as published by the Puerto Rico Statistics Institute. According to the survey, between 2021 and 2022, the migration indicators from Puerto Rico showed that the...Read More
