{"id":244176,"date":"2025-11-18T07:30:34","date_gmt":"2025-11-18T11:30:34","guid":{"rendered":"https:\/\/dr1.com\/news\/?p=244176"},"modified":"2025-11-18T09:50:50","modified_gmt":"2025-11-18T13:50:50","slug":"remittances-soar-set-to-shatter-2025-forecast","status":"publish","type":"post","link":"https:\/\/dr1.com\/news\/2025\/11\/18\/remittances-soar-set-to-shatter-2025-forecast\/","title":{"rendered":"Remittances soar, set to shatter 2025 forecast"},"content":{"rendered":"\n
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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.<\/p>\n\n\n\n

The robust performance strongly suggests the nation will easily surpass the estimated US$11.7 billion in remittances projected for the end of 2025.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

The BCRD pointed to the US Institute for Supply Management (ISM) non-manufacturing Purchasing Managers\u2019 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.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

An analysis of the distribution by province shows that remittances are highly concentrated in the country\u2019s 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%.<\/p>\n\n\n\n

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<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

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).<\/p>\n\n\n\n

Read more in Spanish:
Central Bank <\/a><\/p>\n\n\n\n

18 November 2025<\/p>\n","protected":false},"excerpt":{"rendered":"

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 … <\/p>\n

Read more\u2026<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[337,3],"tags":[],"_links":{"self":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/244176"}],"collection":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/comments?post=244176"}],"version-history":[{"count":3,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/244176\/revisions"}],"predecessor-version":[{"id":244210,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/244176\/revisions\/244210"}],"wp:attachment":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/media?parent=244176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/categories?post=244176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/tags?post=244176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}