JP Morgan highlights Dominican Republic’s tourism boom and raises growth projection

The investment firm JP Morgan raised its growth projection for the Dominican Republic‘s economy, after assuring that the Caribbean country maintains a growth trajectory higher than expected, confirming the recovery that began at the end of 2025 and consolidating itself among the best-performing economies in Latin America.

Highlighting the dynamism shown by the Dominican tourism sector, JP Morgan has raised its growth projection from 3.5% to 4.3%, noting that the fundamentals of the country’s economy are stronger than expected.

The firm notes that the results for the first quarter of 2026 and the corresponding economic activity indicators for May show that dynamism continues to be supported by the strength of domestic demand, an increase in investment, and monetary conditions that have favored the expansion of credit to the productive sectors.

Dominican tourism reached its highest semi-annual growth, with 6,616,671 visitors in the January-June period, representing 7.7% growth over the same period in 2025 and 11% over 2024. In June alone, the country received 975,012 visitors, representing a 6% increase compared to the same month in 2025, revealed the Minister of Tourism, David Collado.

Growth rests on a broad base. Mining continues to benefit from increased gold production and high international prices; construction is regaining momentum, driven by greater investment, while trade and the hotel sector maintain a favorable performance thanks to sustained tourism growth. This is complemented by a gradual recovery in manufacturing, supported by a more favorable financial environment.

Overall, the report presents a favorable outlook for the Dominican economy. Strong investment, dynamic tourism, the performance of the mining sector, and macroeconomic stability remain the main drivers of growth, even in an international context that demands prudence and continuous monitoring of external risks.