Non-farm payroll in Puerto Rico reached a total of 902.3 thousand for the month of February 2022. This statistic is the main measurement of employment both on the island and in the US. Rather than being derived from survey data, this is derived directly from payroll data. Compared to the previous month of January, non-farm...Read More
Sales in January (millions of $)2020202120222021-2022 ChangeSupermarkets$ 339$ 343$ 39014%Pharmacies$ 82$ 179$ 20414%Restaurants$ 159$ 161$ 15414%Gas Stations & Convenience Stores$ 177$ 126$ 1314%Department Stores$ 717$ 848$ 8996%Total Retail Sales$ 2,467$ 2,563$ 2,6674% Source: Puerto Rico Economic Development Department Retail sales in Puerto Rico for the month of January 2022 reached a total of $2.667 billion....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
Source: Puerto Rico Tourism Company 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...Read More
Loans made by credit unions reached a total of $5.6 billion in 2021, their highest point since 2010. When compared to 2020 loans increased by $419.7 million or 8%. When compared to 2019 loans increased by $427.9 million or 8.2%. This is a significant contrast to the decline seen in loans and leases made 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
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
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
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
