SANTO DOMINGO - The Central Bank of the Dominican Republic (BCRD) reported that, between January and July 2025, remittances received reached US$6,874.5 million , increasing US$714.3 million (11.6%) compared to the same period of the previous year.
The agency highlights that July, in particular, saw remittances valued at US$1,047.7 million , an increase of US$125.8 million (13.6%) compared to the same month in 2024 and US$123.9 million (13.4%) compared to June 2025. These resources sent by the Dominican diaspora abroad are important for development, as they generate a multiplier effect on consumption, investment, and financing for the country's most vulnerable sectors.
The economic performance of the United States was one of the main factors influencing remittance flows, as 79.3% of formal flows in July, totaling US$756.3 million, originated from that country. The overall unemployment rate in the US stood at 4.2% , with the creation of 73,000 new jobs, slightly higher than in June, but remaining close to full employment levels.
Likewise, the non-manufacturing Purchasing Managers' Index (PMI) of the Institute for Supply Management (ISM) registered a value of 50.1 in July, indicating the expansion of the services sector, where a large part of the Dominican diaspora is employed.
The Central Bank of the Dominican Republic (BCRD) also highlights the receipt of remittances through formal channels from other countries in July, such Spain, which received US$78.4 million, representing 8.2% of the total. Spain is the second largest recipient of remittances from the Dominican diaspora abroad. Italy accounted for 1.6% of remittances, while Haiti and Switzerland 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 39.1% in July, followed by the provinces of Santiago and Santo Domingo, with 12.3% and 8.0%, respectively. This shows that more than half (59.4%) of remittances are received in the country's metropolitan areas.
Analyzing recent external sector performance, the Central Bank of the Dominican Republic (BCRD) anticipates favorable growth in foreign exchange earnings during 2025, with tourism, foreign direct investment (FDI) , and exports, along with remittances, being the most prominent contributors. Remittances and FDI flows are estimated to reach approximately US$11.3 billion and US$4.7 billion by the end of the year .
These foreign exchange inflows contribute to the current relative stability appreciated by 0.2% compared to the end of 2024. These higher external flows have also allowed for maintaining an adequate level of international reserves, which reached US$14,208.7 million at the end of July, representing 10.9% of GDP and covering approximately 5.2 months of imports, 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 on the Dominican economy of the prevailing challenging international landscape, in order to guarantee price and exchange market stability.
