The seasonally adjusted house price index (HPI-SA) for Puerto Rico reached a score of 188.3 in the second quarter of 2021. This means that house prices are 88.3% higher in the island when compared to 1995, the base year of the index. When compared to the second quarter of 2020, the HPI-SA increased by 25.2 points or 15.4%. However, growth has slowed down recently, when...Read More
The consumer price index for June 2021 in Puerto Rico stood at 121.38. Compared to June 2020, the consumer price index rose by 2.7%. This large year over year increase is mostly due to deflation seen in 2020 due to the COVID-19 pandemic. Decreases in demand for many goods and services during the pandemic led to decreases in prices. What we are currently witnessing is...Read More
In July 2021 in Puerto Rico, there were 244 total bankruptcy filings. Of these fillings, 99 were chapter 7, 140 were chapter 13, and 5 were chapter 11. Compared with June, there were 84 fewer filings or a decrease of 25.6%. Compared with May 2020, there were 31 more periodic filings or a reduction of 3.18%.When comparing the bankruptcy filings with July 2020, chapter 7...Read More
The Treasury Department collected $1,414.6 million in May, the most significant amount since April 2019. The collections, which are not comparable to the $516.0 million collected in May of last year, are $42.9 million higher than the government’s forecasts.Individual contributions reached $369.2 million, the largest amount in 25 months. Corporations paid $359.8 million, up threefold from April, while foreign corporations paid $216.0 million, increasing 11.0%.Auto...Read More
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 origin for inbound tourists in Puerto Rico, the state with...Read More
