For the 2nd quarter of 2021, there were a total of 1,337,161 inbound passengers at Luis Muñoz Marín International Airport (LMM) and 1,334,199 outbound passengers. Compared to the previous quarter, there was an increase of 49.8% in inbound traffic and of 52.8% in outbound traffic. Since 2020 was an outlier in terms of traffic due...Read More
Retail sales in Puerto Rico for the month of May 2021 totaled $3.347 billion. Compared to the previous month of April, sales increased by $397 million, or 13.5%. Since April and May of 2020 were affected by the COVID lockdown executive orders, year over year comparisons will be made with 2019 in order to provide...Read More
New and used housing units sales have been released for July 2021. Total housing units sold were 1,212 for $203,080,412 of aggregated sales. On average, housing units were sold for $167,558.10 each one. Total loans stood at $181,342,617, 4% more than in June and 30% more than in July 2020. Total units sold in July...Read More
Loans and leases for commercial banks in Puerto Rico totaled $34.5 billion in the first quarter of 2021. When compared to the fourth quarter of 2020, loans and leases decreased by about $511,084 million or 1.5%. Despite this, loans and leases for commercial banks increased within a one-year period. When compared to the first quarter...Read More
Puerto Rico is facing several demographic challenges, in particular its diminishing population. The main concerns with the island’s diminishing population over the past 15 years have been mostly about the costs associated with the aging of the population that remains. The other side of this however can be seen in how total school enrollment on...Read More
Pharmaceutical and medical manufacturing is one of the most important components of the Puerto Rican economy. In the 2020 fiscal year, this sector received more than $30 billion in net income. Compared to 2019, net income for this sector increased by 0.03%. We can expect this total to decrease for FY2021 due to the recession...Read More
Exports originating in Puerto Rico totaled $3.343 billion in February of 2021, while imports reached $4.387 billion. Compared to the previous month of January, exports increased by $1.337 billion, or 43.9%, while imports increased by $136 million, or 4.2%. Compared to February 2020, exports have decreased by $1.285 billion, or 22.6%, while imports have decreased...Read More
The USDA has begun its preparations for the 2022 Census of Agriculture. This census is done every 5 years by the federal agency and is the most reliable source of information for county, state, and national level agricultural statistics. The last edition of this census was done in 2017. As such, this new census will...Read More
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...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...Read More
