Statisticians rank among the professions with the highest growth in employment in the next decade in Puerto Rico

Press Release

The results of the fifth edition of the Survey on the Adoption of Broadband Technology in Companies in Puerto Rico are available

76% of businesses make sales or receive payments through online transactions.

76% of businesses make sales or receive payments through online transactions, the main sector in this regard being wholesalers and warehousing businesses, of which 86% carry out transactions through these means. This is based on data published in the fifth edition of the Puerto Rico Business Broadband Technology Adoption Survey (2019); this survey was conducted by the Puerto Rico Statistics Institute (Institute) in collaboration with the non-profit organization Connect Puerto Rico. This product includes statistics related to the availability, access and use of information technologies and broadband Internet in companies in Puerto Rico. The data were obtained through telephone surveys conducted with nearly 800 local companies.

“Having data, such as those provided by this type of survey, helps to know the availability and limitations of access to this technology in the economic sector. In the same way, it allows us to know the indicators on electronic commerce in Puerto Rico,” said Francisco Pesante, Assistant for Statistical Projects at the Institute.

From the 2019 edition of the Survey on the Adoption of Broadband Technology in Companies in Puerto Rico, the following findings are highlighted:

• 93% of the companies surveyed reported using the Internet for their operations.
• 99% of establishments dedicated to the financial and professional services sector reported using the Internet for their operations.
• 87% of establishments reported using broadband Internet to conduct their businesses.
• 77% of the establishments surveyed reported that their bandwidth is adequate to meet their needs.
• 70% of retail establishments reported using social networks such as Facebook or Twitter.
• The main activities of commercial establishments, in which the use of the Internet is involved, are:
  • Communicate with your customers (76%)
  • Billing and collection (73%)
  • Purchases of goods and services (71%)

• 47% of the establishments surveyed are owned by a woman or a woman is one of the owners, if there are co-owners.

The acting executive director of the Institute of Statistics, Dr. Orville M. Disdier said that “At the Institute of Statistics, we are pleased to collaborate in the collection of data that serve as indicators for economic sectors. According to our vision, we work to guarantee Puerto Rico that it has complete, reliable statistics, and quick and universal access.”

Some of the findings of the report are summarized in the visualization accessible through the following link: https://tabsoft.co/32ZXdM3.

For more information about this survey, as well as previous surveys, interested individuals can access: https://cutt.ly/ieue8ZY. To learn about the data sets you can visit: https://cutt.ly/Neue4hy.

To learn more about the Institute of Statistics, you can access the website: www.estadisticas.pr.gov. On social media through Facebook accounts (@statistics.pr), Twitter (@EstadisticasPR) and LinkedIn (Institute of Statistics of Puerto Rico).

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Contacts:

Idia M. Martinez, R-28

787-603-3200

Lourdes Burgos, R-27

787-562-2932

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San Juan, Puerto Rico — July 10, 2024. The Puerto Rico Institute of Statistics released the results of the Cost of Living Index (COLI) for the first quarter of 2024, whose data show that the urban area of Metropolitan Statistical Area (MSA) of San Juan-Bayamón-Caguas, is ranked 82nd out of 301 urban areas in terms of overall cost of living in the United States, with a composite index of 102.3. The 15 municipalities that make up the San Juan-Bayamón-Caguas MSA are: Bayamón, Caguas, Canovanas, Carolina, Cataño, Cidra, Dorado, Gurabo, Guaynabo, Rio Grande, San Juan, Toa Alta, Toa Baja, Trujillo Alto and Vega Alta.

At the national level, the average cost of living is set at an index of 100. The composite index of 102.3 for the urban area of the San Juan-Bayamón-Caguas MSA indicates that living in this region is 2.3% more expensive than the average of the 301 participating urban areas nationwide.

The composite index is derived from six main categories of consumer spending, of which the following table presents the Rankings for the urban area of the San Juan-Bayamón-Caguas MSA. The combination of higher costs in supermarkets and utilities is partially offset by relatively low costs in health care and miscellaneous goods.

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About the Cost of Living Index (COLI):

COLI is a crucial tool for understanding regional differences in the costs of consumer goods and services. The indices are calculated based on data collected quarterly by different entities in each participating urban area. The COLI has been calculated in urban areas of the United States since 1968, using the methodology developed by the Council for Community and Economic Research (C2ER), a non-profit organization dedicated to research on community and economic development. The Puerto Rico Statistics Institute, together with the network of members affiliated with C2ER, is responsible for collecting prices for goods and services established by C2ER.

The Puerto Rico Statistics Institute has designed a comparative calculator for the cost of living between the urban area of the San Juan-Bayamón-Caguas MSA and the rest of the participating cities in the United States. This tool is available at: https://apps.estadisticas.pr/coli/.

The Puerto Rico Statistics Institute is an autonomous governmental entity responsible for coordinating the Government's statistical production service to ensure that the data collection and statistics systems, on which public policies are based, are complete, reliable, and have quick and universal access.

For more information you can visit the website: www.estadisticas.pr or write to preguntas@estadisticas.pr. They can also follow social networks through Facebook (@estadisticas .pr), X (@EstadisticasPR), LinkedIn (Institute of Statistics of Puerto Rico) and Instagram (@institutodeestadisticas) accounts.

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