The Central Bank of the Dominican Republic (BCRD) reports a significant surge in remittances sent by Dominicans living abroad. Remittances are the greatest injection of hard currency into the Dominican Republic. These are channeled to the country for investing in property, businesses and for the welfare of relatives and friends of those who have migrated.
Between January and September 2025, the total amount of remittances reached US$8.91 billion, an increase of $914.1 million (11.4%) compared to the same period in the previous year. The September remittance total was US$991.8 billion.
The Central Bank reports that year-over-year growth of remittances is 11.9% compared to September 2024. This marks an increase of US$105.6 million.
The Central Bank says that the funds from the Dominican diaspora are crucial, as they have a “multiplier effect” on consumption, investment, and financing for the country’s most vulnerable sectors.
The Central Bank says the economic performance of the United States remains the primary driver of this growth. The U.S. was the source of 80.5% of formal remittances in September, totaling $729.0 million. The BCRD notes that the U.S. unemployment rate in September was 4.3% (a slight rise from 4.2% in August), a level near full employment.
Spain follows with 7.5% and estimated remittances of US$68 million.
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Central Bank
CDN
14 October 2025