Remittance revenues in the Dominican Republic recorded a growth of 10.5% in the first eleven months of the year, reaching $10,780.8 million. This figure represents an increase of $1,028.3 million compared with the same period in 2024, according to official data from the Central Bank.\r\n
November drove the total
\r\nIn November alone, remittance revenues amounted to $889.5 million, $48.7 million more than the previous year. These flows, mainly from the Dominican diaspora, generate a multiplier effect on consumption, investment, and support for vulnerable sectors of the national economy.\r\n
Origin of remittance revenues: U.S. dominates
\r\nThe United States led with 80.7% of formal flows in November, equivalent to $669.8 million. The dynamism in that country’s services sector, where a large share of resident Dominicans work, explains this behavior. Historically, remittance revenues have been key for the Dominican Republic, representing, alongside tourism and free zones, the main sources of foreign exchange.\r\n
Contributions from other countries
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- Spain: $56.9 million (6.9% of the total), second source by migrant volume.
- Haiti: 1.5% of the flows.
- Italy and Switzerland: 1.3% each.
- Others such as Canada and France also stand out.
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\r\nIn a historical context, remittance revenues surpassed $10,000 million for the first time in 2023, consolidating as an economic pillar. Central Bank experts note that stable employment in U.S. services and the formalization of transfers via regulated channels have boosted this sustained growth.\r\n\r\nThis rebound in remittance revenues reinforces macroeconomic stability, although challenges remain such as global volatility and dependence on a single market. The Dominican Republic thus maintains its position as the leading remittance recipient in the region, directly benefiting millions of households.
