The Central Bank reveals that remittance flows from abroad reached US$9.878.4 million between January and October 2025. There has been a substantial increase of US$966.8 million (10.8%) compared to the same period the previous year.
The robust performance strongly suggests the nation will easily surpass the estimated US$11.7 billion in remittances projected for the end of 2025.
In October alone, the country received US$965.6 million, a 5.8% (US$52.7 million) increase from October 2024. The BCRD highlighted that these funds, supplied by the Dominican diaspora abroad, have a significant multiplier effect on consumption, investment, and financing for the country’s most vulnerable sectors.
The Central Bank attributed the strong remittance behavior primarily to the economic performance of the United States. A staggering 80.4% of formal remittance flows in October, amounting to US$719.8 million, originated from the United States.
The BCRD pointed to the US Institute for Supply Management (ISM) non-manufacturing Purchasing Managers’ Index (PMI), which registered 52.4 in October, up from 50.0 in September. This indicates greater dynamism in the US service sector, which employs a large portion of the Dominican diaspora.
While the US dominates, other countries also made significant contributions via formal channels in October:
Spain: Contributed US$66.0 million (7.4%), making it the second-largest source.
Italy, Haiti, and Switzerland: Each accounted for 1.4% of the total flows.
Other sources: Canada and France were also noted contributors.
An analysis of the distribution by province shows that remittances are highly concentrated in the country’s metropolitan zones. Collectively, nearly two-thirds (65.6%) of the remittances are received in these key metropolitan areas:
National District: Received the largest share at 47.5% in October.
Santiago: Followed with 10.7%.
Santo Domingo: Accounted for 7.4%.
Favorable outlook for external sector
Looking ahead, the BCRD maintains a favorable outlook for the close of 2025, anticipating a positive evolution of foreign currency earnings driven by tourism, exports, foreign direct investment, and remittances. The Dominican economy is estimated to generate over US$46 billion in foreign currency this year, broken down as:
Remittances: Exceeding US$11.7 billion
Exports: Around US$14.9 billion
Tourism Revenue: Close to US$11.2 billion
Foreign Direct Investment (FDI): Over US$4.8 billion
These high currency inflows are helping to maintain relative exchange rate stability. As of 31 October 2025, the national currency had only depreciated 5.0% against the US dollar since December 2024.
Furthermore, the increased external flows are supporting a healthy level of international reserves, which stood at US$14.64 billion at the end of October. This figure represents 11.4% of GDP and covers approximately 5.4 months of imports, both exceeding the thresholds recommended by the International Monetary Fund (IMF).
Read more in Spanish:
Central Bank
18 November 2025