Remittances to the Dominican Republic continue their robust growth, with the Central Bank of the Dominican Republic (BCRD) reporting a significant increase in the first five months of 2025. Between January and May 2025, the nation received an impressive US$4.90 billion in remittances, marking an 11.9% jump compared to the same period last year.
May 2025 alone saw US$985.5 million flow into the country, an 11.1% increase over May 2024. These funds, sent by the Dominican diaspora abroad, are crucial for the country’s economic development, creating a ripple effect that boosts consumption, investment, and support for vulnerable sectors. The high level of remittances reflects the continued strong ties of the diaspora with the Dominican Republic.
The strong performance in remittances comes amid a challenging global economic landscape characterized by high uncertainty and volatility in...
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