The Central Bank of the Dominican Republic (BCRD) and the Ministry of Culture have unveiled the findings of the 2024 National Cultural Consumption Survey. The study reveals a significant increase in the Dominican Republic’s cultural spending, with annual expenditures on cultural goods and services reaching RD$107.6 billion, accounting for 1.6% of the country’s Gross Domestic Product (GDP).
From binge-watching TV series to attending live concerts, Dominicans are embracing a wide range of cultural experiences. The survey found that households are spending more on books, music, movies, and cultural events, contributing significantly to the nation’s economy.
“These results highlight the growing importance of culture in the lives of Dominicans,” said Central Bank Governor Héctor Valdez Albizu. “The data will help us to better understand the cultural landscape and develop policies that support the creative industries.”
The survey also uncovered interesting trends in digital consumption, with social media and streaming services playing a significant role in how Dominicans engage with culture. As the country continues to modernize, the demand for cultural products and experiences is expected to grow.
Key findings from the survey include:
• Household spending: Dominican households allocated RD$67.1 billion to cultural consumption in 2024, a 54.3% increase compared to 2014.
• Cultural preferences: Music, television, reading, and internet usage were the most popular cultural activities among Dominicans.
• Cultural attendance: A substantial portion of the population attended concerts, recitals, and visited cultural heritage sites.
• Digital consumption: The survey highlighted the growing trend of digital consumption, with many Dominicans accessing cultural content through the internet and social media.
Both the BCRD Governor, Héctor Valdez Albizu, and Culture Minister Milagros Germán emphasized the importance of these findings for shaping cultural policies and fostering the growth of the cultural sector in the Dominican Republic.
The survey uncovered interesting trends in digital consumption, with social media and streaming services playing a significant role in how Dominicans engage with culture. As the country continues to modernize, the demand for cultural products and experiences is expected to grow.
Culture Minister Milagros Germán praised the survey as a valuable tool for policymakers. “By understanding the cultural habits of our citizens, we can create more opportunities for artistic experiences,” she said.
Read more in Spanish:
Central Bank
17 December 2024