Out of the 798,840 non-resident visitors to Puerto Rico in the year 2020, 742,739, or 93%, came from the United States, 14,927, or 1.8%, came from Europe, 10,765, or 1.3%, came from Canada, and the rest came from Asia, Latin America, Africa, and Oceania. Within the United States, which is the most popular place of...Read More
Non-farm payroll in the United States totaled 146,821,000 for the month of July 2021. Compared with the previous month of June, 266,000 jobs were added, a growth rate of 0.6%. This is the highest employment level since March 2020. Job recovery has reportedly slowed down despite still being on the rise. Compared to July 2020,...Read More
According to data from Southeast Aeroports Group (ASUR), in July, 1,118,931 passengers passed through the airport of San Juan. Passenger traffic is 91.2% higher in the first seven months of this year than in the same period last year, but 2.3% lower than in 2019. In July, traffic tripled compared to the previous year’s same...Read More
Retail sales for the month of March 2021 in Puerto Rico totaled $3.158 billion. Compared to the previous month of February, sales increased by $572 million, or 22.2%. When compared to March 2021, retail sales increased by $1.104 billion, or 53.8%. Our firm’s usual analysis methods rely on year over year comparisons as well as...Read More
Gross domestic fixed investment for the fiscal year of 2020 decreased 20.97%, according to the most recent Economic Report to the Governor from the fiscal year of 2020. The data for the 2020 fiscal year includes four months of the COVID-19 pandemic when consumption was restricted. Due to the pandemic, consumption in general decreased, and...Read More
New car sales in the month of June 2021 in Puerto Rico totaled 11,636. Compared to the previous month of May, new car sales decreased by 8.3% but managed to remain above 10,000 for the 9th consecutive month. When compared to June 2020, there has been an increase of 9.3%. When compared with June 2019,...Read More
As information from the 2020 census is released, there are several demographic concerns for the island of Puerto Rico. Aside from rapidly decreasing, the islands population has also been aging. Compared to 2015, the median age, which is the age where half the island’s population is older and half is younger, has increased from 40...Read More
The tourism industry in Puerto Rico was among the most impacted by the COVID-19 pandemic. The cruise industry, which is an important component of tourism on the island, was grounded to a halt in the month of March. Restrictions on international travel led to an enormous decrease in the number of tourists that the island...Read More
Non-farm payroll for the month of July in Puerto Rico totaled 859,500 workers. Compared to the previous month of June, non-farm payroll increased by 3.6 thousand, or 0.4%. Compared to July 2020, there was a 37.1 thousand increase, or 4.5%. Compared to June, the categories with the most growth were education, tourism, and construction. They...Read More
Electric power consumption in Puerto Rico during June 2021 reached a total of 1,336.30 kWh. The average cost throughout all classes was 24.29 cents per kWh, the average cost for residential clients was 23.12 cents per kWh, and the average price for commercial clients was 25.06 cents per kWh. Compared to the previous month of...Read More
