SANTO DOMINGO – The Central Bank of the Dominican Republic (BCRD) reported that remittances received between January and November 2025 reached US$10,780.8 million, an increase of US$1,028.3 million (10.5% ) compared to the same period of the previous year. Specifically, US$889.5 million was received in November, an increase of US$48.7 million (5.8%) compared to November 2024.
The Central Bank of the Dominican Republic (BCRD) explained in a press release that the economic performance of the United States was one of the main factors influencing remittance flows, as 80.7% of formal flows in November, totaling US$669.8 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 52.6 in November, higher than the 52.4 observed in October, 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 November, such as Spain , which totaled US$56.9 million, representing 6.9% of the total. Spain is the second largest recipient country in terms of the total number of Dominican diaspora residents abroad. Haiti contributed 1.5% of the total flows received, while Italy and Switzerland each contributed 1.3%. Other countries receiving remittances include Canada and France , among others.
Regarding the distribution of remittances received by province, the Central Bank of the Dominican Republic (BCRD) indicates that the National District received 51.0% during November, followed by the provinces of Santiago and Santo Domingo , with 9.8% and 7.2%, respectively. This suggests that approximately two-thirds of remittances (68.0%) are received in the country's metropolitan areas.
Projections
According to the Central Bank of the Dominican Republic's (BCRD) projections for the end of 2025, and based on current trends in the external sector, an optimistic scenario is anticipated for foreign exchange inflows, with a total flow to the Dominican economy exceeding US$46 billion. This result is supported by the robust performance of its components, with exports to surpass US$14.9 billion, tourism of approximately US$11.2 billion, and other service exports exceeding US$3.5 billion. Remittances are also forecast to exceed US$11.7 billion, and foreign direct investment (FDI) is expected to surpass US$4.8 billion.
"These foreign exchange inflows contribute to maintaining the relative stability of the exchange rate currently observed, such that as of November 31, 2025, the national currency depreciated 3.5% 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 November stood at US$14,274.0 million, representing 11.1% of GDP and covering approximately 5.3 months of imports, indicators above the thresholds recommended by the IMF," the regulatory body's statement highlights.
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.
