The Central Bank of the Dominican Republic published updated remittances statistics, reporting inflows of USD 985.5 million in May 2025 and USD 4,903.0 million for January to May 2025. Cumulative inflows in the first five months of 2025 were 11.9% higher than the same period a year earlier, while May alone rose 11.1% year on year. Formal remittances from the United States accounted for 83.1% of May flows (USD 759.2 million), with Spain contributing USD 54.1 million (5.9%); Haiti represented 1.4% and Italy and Switzerland 1.1% each. The National District received 37.1% of May remittances, followed by Santiago (13.2%) and Santo Domingo (8.0%), implying 58.3% was concentrated in metropolitan areas. The central bank projects remittances of about USD 11.3 billion and foreign direct investment of around USD 4.7 billion by year-end; by end-May the Dominican peso had appreciated 3.4% versus end-2024 and international reserves stood at USD 14,643.6 million (11.6% of GDP), covering about 5.4 months of imports.
Central Bank of the Dominican Republic 2025-06-17
Central Bank of the Dominican Republic reports USD 985.5 million in May remittances and an 11.9% rise in January to May inflows
The Central Bank of the Dominican Republic reported remittance inflows of USD 985.5 million in May 2025, totaling USD 4,903.0 million from January to May, an 11.9% year-on-year increase. Remittances from the United States comprised 83.1% of May's total, with contributions from Spain, Haiti, Italy, and Switzerland. The bank forecasts remittances of USD 11.3 billion and foreign direct investment of USD 4.7 billion by year-end, with international reserves at USD 14,643.6 million, covering 5.4 months of imports.