Estudios Técnicos Inc. is the leading firm in planning, research, market strategies, social analysis, and economic advisory consulting in Puerto Rico
Learn more

Our services


Recent economic data continue showing improvements in the island’s economy after the sharp disruption caused by the coronavirus lockdown a year ago.


 Nonfarm Wage and Salaried Employment Increases


 Net employment increased in recreation and accommodation; professional and business services; retail trade; manufacturing; educational and health services; and construction


 Unemployment rate declined


 Inflation increased 5.1% annually in March 2022


 Economic activity grew 3.5% annually during the month of February

Stay up to date on the latest indicators about employment, manufacturing activity, home sales, auto sales, among others.

Guía de herramientas para 

la adaptación comunitaria al cambio climático

Puerto Rico Banking Stability Index

The index continued improving as of the third quarter of 2021. The index increased from 0.47 in the third quarter of 2020 to 0.60 in the third quarter of 2021.


  The strengthening in the industry liquidity influenced the positive performance of the index in the third quarter of 2021. The loan-to-deposit ratio improved from 46.0% in the second quarter of 2021 to 45.0% in the third quarter of 2021.


The industry’s profitability remained stable, with a ROA of 1.38% in the third quarter of 2021. Net income increased $318 million quarter-over-quarter to $923 million in the third quarter.


  The industry credit risk profile remained stable with the nonperforming loans to total loans and leases ratio (i.e., NPL) trending lower to previous quarters.


The equity capital to total assets declined year-over-year from 9.05% in the third quarter of 2020 to 7.77% in the third quarter of 2021, it remained stable compared to 7.70% in the previous quarter.


 The solvency of the industry remains strong with the equity capital to total assets at 8.81% in the first quarter of 2021, although lower than 11.74% in the first quarter of 2020.

Financial Stability Index for the Credit Union Industry in Puerto Rico

  The index increased from 0.38 in the fourth quarter 2019 to 0.48 in the second quarter 2020 and to 0.70 in the fourth quarter.



 Total deposits rose 20% year-on-year to $10.3 billion in the fourth quarter 2020, while loan balances increased 0.21% year-on-year to $5.2 billion, leading up to an improvement in the loan to deposit ratio from 87.63% in the fourth quarter 2019 to 71.27% in the fourth quarter 2020. The trend in asset quality also improved with the nonperforming loans ratio falling from 3.18% to 2.71% during the period. 








José J. Villamil, B.Sc.


Founder and Chief Executive Officer

Graham Castillo Pagán, JD


President and Chief Operating Officer

Lcda. Anitza M. Cox, MEd.


Social Analysis and Policy Division

Carlos Torija, MS.


Statistics Division