Central Bank of the Dominican Republic reports remittances reached USD 1,852.6 million in January–February 2025, up 8.3% year on year

The Central Bank of the Dominican Republic published updated remittance statistics showing inflows of USD 1,852.6 million in January–February 2025, an 8.3% increase versus the same period a year earlier. February remittances totalled USD 917.0 million, up 9.7% year on year. Formal inflows in February were predominantly sourced from the United States, which accounted for 83.6% (USD 710.0 million); the central bank linked performance in part to US economic indicators, citing a 4.1% unemployment rate and an ISM non-manufacturing PMI of 53.5 in February. Other formal sources included Spain (USD 53.5 million, 6.3% of the total), with Haiti, Italy and Switzerland each contributing around 1% of flows; domestically, the National District received 44.6% of February remittances, followed by Santiago (11.5%) and Santo Domingo (7.2%), with 63.3% concentrated in metropolitan areas. For 2025, the central bank’s external-sector outlook projects tourism receipts of around USD 11,400 million and remittances around USD 10,900 million, alongside total exports of about USD 14,800 million and foreign direct investment of about USD 4,700 million, taking total foreign-currency earnings above USD 45,600 million. It reported a cumulative 1.9% depreciation of the Dominican peso over the first two months of 2025 and international reserves of USD 14,904.6 million at end-February, equivalent to 11.6% of GDP and about 5.4 months of imports.