The Central Bank of the Dominican Republic's outlook for the end of 2025 points to a favorable evolution of foreign exchange earnings, driven by the dynamism of tourism, exports, foreign direct investment and remittances.
SANTO DOMINGO. -The Central Bank of the Dominican Republic (BCRD) reported that, between January and October 2025, remittances received reached US$9,878.4 million, increasing US$966.8 million (10.8%) compared to the same period of the previous year.
During the month of October, US$965.6 million was received, an increase of US$52.7 million (5.8%) compared to October 2024. It is worth noting that these resources provided by the Dominican diaspora abroad have a multiplier effect on consumption, investment and financing of the most vulnerable sectors of the country.
The Central Bank of the Dominican Republic (BCRD) explains that the economic performance of the United States was one of the main factors influencing remittance flows, as 80.4% of formal flows in October, totaling US$719.8 million, originated from that country. In this regard, it is worth noting that the Institute for Supply Management's (ISM) non-manufacturing Purchasing Managers' Index (PMI) registered a value of 52.4 in October, higher than the 50.0 observed in September, indicating greater dynamism in the services sector, where a large part of the Dominican diaspora is employed.
The organization also highlights the receipt of remittances through formal channels from other countries in October, such as Spain, which received US$66 million, representing 7.4% of the total. Spain is the second largest recipient of remittances from the Dominican diaspora abroad. Italy, Haiti, and Switzerland each received 1.4% of the total flows. Other countries receiving remittances include Canada and France.
Regarding the distribution of remittances received by province, the Central Bank of the Dominican Republic (BCRD) indicates that the National District received 47.5% during October, followed by the provinces of Santiago and Santo Domingo, with 10.7% and 7.4%, respectively. This suggests that approximately two-thirds of remittances (65.6%) are received in the country's metropolitan areas.
Analyzing recent external sector performance, the Central Bank of the Dominican Republic (BCRD) projects favorable growth in foreign exchange earnings by the end of 2025, driven by the dynamism of tourism, exports, foreign direct investment , and remittances. The Dominican economy is estimated to generate over US$46 billion, with remittances exceeding US$11.7 billion, exports around US$14.9 billion, tourism revenues close to US$11.2 billion, and foreign direct investment surpassing US$4.8 billion.
These foreign exchange inflows contribute to maintaining the current relative exchange rate stability, such that as of October 31, 2025, the national currency depreciated 5.0% against the US dollar compared to December 2024. These higher external flows also allow for maintaining an adequate level of international reserves, which at the end of October stood at US$14,640.2 million, representing 11.4% of GDP and covering approximately 5.4 months of imports, indicators above the thresholds recommended by the IMF.
The Central Bank reaffirms its commitment to monitoring the current economic environment in order to continue taking the necessary measures to counteract the impact of the challenging international landscape on the Dominican economy, thereby ensuring price and exchange market stability.
