Mining sector fuels Dominican Republic’s economic growth

Santo Domingo.- The Mining and Petroleum Chamber (CAMIPE) highlighted the mining sector’s strong performance as a key contributor to the Dominican Republic’s economic recovery. According to the Central Bank, the national economy grew 2.9% in July, while the mining sector alone expanded 21% that month, accumulating 5.1% growth from January to July, fueled mainly by gold and silver production.

Mining exports reached US$1.07 billion by June 2025, a 39.1% increase year-over-year, while fiscal contributions rose to RD$7.597 billion, up 158.9% compared to the previous year. The sector has become the country’s third-largest foreign currency earner, following tourism and remittances, and attracted US$175 million in foreign direct investment in the first quarter of 2025, a 390% increase over 2024.