The Puerto Rico Institute of Statistics on Sunday released data confirming that 89,000 people emigrated from Puerto Rico to the U.S. mainland in 2015, a year when all migratory indicators reached new levels.
Puerto Rico has lost 177,392 residents either to migration or death in the last four years, putting pressure on the economy, as well as specific sectors, — such as retail — that will need to readjust their business models to provide for future consumer behavior.
The accelerated rate at which Puerto Rico is losing population — particularly the younger, productive segment — is placing significant pressure on the island’s housing market, which continues to experience ongoing decreases in sales and rental activity.