Remittances, tourism and foreign investment boost Dominican economy

An overview published on the Central Bank web page is bullish on the economic outlook for 2024.

Despite the international constraints, the Dominican economy is on the way to return to its usual 5% annual growth, with inflation expected to be within the target range of 4.0% ± 1.0%. Interest rates are expected to continue dropping if the risk factors do not intensify.

The outlook forecasts the exchange rate will remain relatively stable. The DR continues to benefit from above-average remittance flows that reached US$10.16 billion, tourism income that hovered around US$9.82 billion and foreign direct investment around US$4.38 billion in 2023.

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Central Bank

8 February 2024