Retail sales in Puerto Rico for the month of January 2022 reached a total of $2.667 billion. Compared to January 2021, sales increased by $103 million, or 4%. Compared to January 2020, sales increased by $200 million, or 8%. The categories with the largest year over year percentage increases were special food stores (53.9%), fuel...Read More
The Puerto Rico Labor Department has released the Consumer Price Index (CPI) for the month of February 2022. This index is the main indicator for price changes on the island. Year over year change in this index is referred to as the island’s inflation rate. The index stood at 125.38 in February. Compared to 2021,...Read More
The Puerto Rico Tourism Company’s monthly report showed a total of 147,763 hotel registrations for the month of January 2022. Compared to January 20021, this was an increase of 34,500 registrations (30.5%). However, compared to January 2020, there were 27,326 fewer registrations, a decrease of 15.6%. After seeing a high number of registrations during the...Read More
Median household income in Puerto Rico reached $21,058 in 2020, according to the latest 5-year estimates released by the U.S. Census Bureau. This means that in 2020, half of Puerto Rican households earned more than $21,058 a year while the other half earned less than that. When compared to 2015 median household income increased by...Read More
Loans and leases for commercial domestic banks reached $32,637.5 million in 2021, their lowest point in the last decade. Loans and leases for commercial domestic banks have been declining on a yearly basis for most of the past decade, this pattern continued during 2021. Loans and leases decreased by $1,827.4 million or 5.3% in 2021...Read More
Puerto Rico Health insurance Coverage 2020 The US Census Bureau carries out a yearly survey called the American Community Survey (ACS). This is one of the main sources of demographic information for the United States and Puerto Rico. It includes questions regarding housing, income, work, poverty, and many other subjects. The ACS 5-year estimates for...Read More
The US Census Bureau carries out a yearly survey called the American Community Survey (ACS). This is one of the main sources of demographic information for the United States and Puerto Rico. It includes questions regarding housing, income, work, poverty, and many other subjects. The ACS 5-year estimates for 2020, which are based on information...Read More
New car unit sales totaled 11,117 in February 2022, a 5.47% increase compared to February 2021 (10,540 units), and a 6.8% increase compared to January 2022 (10,407 units). this is the highest number of new car sales for the month of February. Total new car unit sales in February 2018 were 6,828 units, in February...Read More
El COVID-19 ha tenido el efecto de acelerar profundos cambios económicos y sociales que a penas comenzamos a entender. Por ejemplo, uno de estos cambios, es la intensificación del comercio digital como opción de consumo para millones de personas, incluyendo a Puerto Rico. Gigantes de esta industria liderados por Amazon, ya han puesto su mira...Read More
El conflicto militar en Ucrania, desatado mediante la invasión rusa el 24 de febrero tiene fuertes efectos sobre la economía local y la economía global. En primera instancia, ocurre en un momento en el cuál la economía mundial no ha logrado normalizarse luego del impacto de la pandemia del COVID-19. Previo a la pandemia, las...Read More
