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Blog 2 Columns

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February 5, 2022

Exports increase by 23.2% in November 2021

For the month of November 2021, exports totaled $5.38 billion, a 23.2% increase compared to November 2020, and a 6% increase from October 2020.
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February 4, 2022

Bankruptcies fell -24.5% in 2021

A total of 3,863 bankruptcies were filed in 2021, representing 1,255 less than in 2020 (-24.5%).
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February 1, 2022

Economic Activity Index Above Pre-Pandemic Level in December

The economic activity index reached a total of 122.5 for the month of December. Compared to the previous month, the index grew by 0.2%, while compared to December 2020, the index grew by 3.8%. As there is a high correlation between this index and the island’s GDP, it is one of the main indicators used...
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January 28, 2022

US GDP Growth Slower than Expected

The United States’ GDP release for the last quarter of 2021 came in higher than expected. Even with the spread of the Omicron variant of COVID, real GDP increased by 1.7% compared to the previous quarter and is 5.5% higher than in the last quarter of 2020.  With the Federal Reserve currently implementing the first...
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January 28, 2022

Employment in Puerto Rico grows 3.5% in 2021

Non-farm payroll employment reached a total of 866,200 in Puerto Rico during the month of December 2021. Compared to December 2020, this is an increase of 3.5%. Compared to November 2021, there was a decrease of 1,100 (0.1%). This was the first month with a decrease in employment since May 2021. The category with the...
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January 27, 2022

Inflation at 4.2% in December for Puerto Rico

The consumer price index for Puerto Rico for the month of December 2021 came in at 124.15. This was a 0.03% increase when compared to November 2021, and a 4.2% increase when compared to December 2020. Prices have increased significantly since the beginning of the COVID pandemic. We can expect inflation to continue being a...
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