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. Compared to January 2021, sales increased by $103 million, or...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, this is an increase of 4.7%. This is the largest...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 number of registrations during the summer of 2021, a similar...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 commercial domestic banks over the past decade. It is also...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 8.8%. Meaning that on a percentage basis, median household income...Read More
