Global firm unveils Dominican Republic is one of the most dynamic in terms of wealth

Joaquín Valle Del Olmo, managing director and senior partner at Boston Consulting Group (BCG) in Lima and official spokesperson for the Global Wealth Report 2026, says the Dominican Republic is one of the most dynamic markets in Latin America, with an expanding middle class.

He indicated that the report reveals that the country’s net wealth went from about US$190,000 million in 2020 to US$340,000 million in 2025, with a growth rate of 13.4% per year between 2020-2024 and 10.5% in the last year, well above the global average (2.5% and 9.3% in those same periods), comparable to or higher than that of the region.

By 2030, wealth is projected to reach US$460,000 million in the DR, with annual growth of 5.9%, higher than in Latin America (5.0%) and globally (5.4%), Valle Del Olmo told Listín Diario.

“That growth is mainly driven by real assets (real estate, above all), which grew at a rate of 14.8% per year between 2020-2024, well above financial wealth (6.3% in the same period),” said the spokesman for the Boston Consulting Group (BCG).

The growth of pension savings and life insurance (17.4% annually, 2020-2024) stands out, while cross-border wealth (outside the country) continues to be very relevant, between 40% and 42% of total financial wealth, one of the highest weights in the region, he added.

In addition, in terms of distribution, the mass segment (up to US$250,000) concentrates 43% of the country’s financial wealth (compared to 27.8% globally), and that share is expected to continue to rise towards 2030, a sign that wealth is spreading to a broader base of the population, not just concentrating at the top.

Why is financial wealth growing in a country like the DR?

Valle Del Olmo attributes this to sustained economic growth and higher-than-regional-average growth, especially in tourism, remittances, construction, and free zones.

As well as the “boom” in real assets (real estate), driven by local and diaspora investment in housing and tourism-real estate projects, and greater formalization of savings. The strong growth of life insurance and pensions indicates that more Dominicans are accessing long-term financial products, he says.

He specifies that the relevant weight of “cross-border” wealth, linked to the strong economic link with the United States and the Dominican diaspora, which channels savings and investment to and from the country, is also decisive. Added to this are the relatively stable macroeconomic conditions, which have favored confidence and access to credit.

Regarding how this benefits the country and ordinary people, he said that the mass segment gaining a share of total wealth (from 43% to a projected 44.4% in 2030) suggests that growth is not only concentrated among elites but also favors an expanding middle class.

It argues that greater formal savings (insurance, pensions, deposits) give households greater long-term financial security and reduce dependence on informal savings, and that the revaluation of real assets improves the wealth of families, for whom housing is usually the main asset.

“A greater ‘stock’ of financial wealth and cross-border wealth returning or being managed from the country, constitutes a broader capital base to finance productive investment and credit, and opens the door for the DR to consolidate itself as a more relevant wealth management center in the region, generating value-added employment in the financial sector,” he said.

Regarding the most relevant global result of the 2026 report, he said that global net wealth reached US$550 trillion in 2025, up 9.3% from 2024, and is projected to reach US$714 trillion in 2030 (annual growth of 5.4%).

The most remarkable thing is that Latin America is growing faster than the world average: its net wealth went from US$18 trillion to US$24 trillion between 2025 and 2030, with a growth rate of 15.2% in the last year recorded, well above the global average of 9.3%. The composition also changes: globally, “investable” wealth (liquid financial assets) is gaining weight relative to non-investable wealth, rising from 59% in 2020 to a projected 67% in 2030, says Valle Del Olmo.

Is there a positive correlation between private credit, wealth growth and a reduction in the lending rate?

Although this is not part of the Global Wealth Report (which measures wealth stocks, not credit dynamics), it is possible to observe a relationship, although not perfectly linear, from the Central Bank’s public data:

For example, between May 2025 and January 2026, BCRD liquidity measures (for RD$81,000 million), together with a 50-basis-point cut in the monetary policy rate, allowed the weighted average lending rate across multiple banks to fall from 14.99% to 13.59%. In that same period, credit to the private sector accelerated its year-on-year growth to 9.1% as of June 2026, up from 7.4% in December 2025, and the Central Bank projects it will close the year at around 10.5%.

However, between January and July 2026, the weighted lending rate rose slightly from 13.59% to 13.79% due to inflationary and liquidity pressures, and private credit continued to accelerate. This suggests that there is indeed a positive underlying correlation (lower rates facilitate access to credit and stimulate demand, especially in consumer and mortgages), but the relationship is not mechanical or immediate: credit growth is also due to bank liquidity (deposits), business confidence and economic activity, with lags in the transmission of monetary policy towards the rates actually paid by customers.

Joaquín Valle del Olmo founded the Boston Consulting Group office in Lima. He leads the Financial Institutions practice in Spanish-speaking South America and is a key member of the Insurance practice at BCG. He has extensive experience in the retail, corporate and wealth management segments.

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What is the Global Wealth Report?

It is Boston Consulting Group’s (BCG) flagship study on the size and evolution of household wealth worldwide (“BCG Expand Global Wealth Market Sizing”). It covers more than 25 years of historical data and five years of projection, across 97 markets grouped into nine regions, and includes more than 10 wealth segments (from massive to Ultra High Net Worth) and six asset classes (cash and deposits, bonds, stocks and mutual funds, life insurance and pensions, unlisted equity, and others). It measures financial wealth, investable wealth, real assets and liabilities, both in local currency and in dollars. The methodology is based on official central bank statistics (under the System of National Accounts) and is complemented by its own econometric projection models.