Remittances to Dominican Republic top US$6.2 billion through June
Santo Domingo.- The Dominican Republic received more than US$6.219 billion in remittances during the first six months of 2026, a 6.7% increase compared with the same period last year, according to the Central Bank (BCRD).
In June alone, remittances reached US$1.049 billion, up 13.6% year-over-year, marking a stronger pace than the 10.6% growth recorded in May.
The Central Bank said the increase came despite a challenging global environment marked by tensions in the Middle East, which have fueled higher oil prices, inflationary pressures, and reduced household purchasing power.
The United States remained the primary source of remittances, accounting for 81.4% of formal transfers received in June, or US$780.7 million. Spain ranked second with US$61.8 million (6.4% of the total), followed by Italy (1.3%), while Haiti and Switzerland each contributed 1.2%. Additional remittance flows originated from countries including France, Canada, and Germany.
This is being touted as a good thing but in reality it means that more of the Dominican economy is being supported by outside donations outside of its control. This is not the same as internal growth which provides much greater stability from external shocks.
That is 1 way of looking at it, another way of looking at it is that 2 , 3 ,4 yrs of growth does not wipe out decades of poverty and corruption.
another way to look at it is that maybe the Dominican people are not getting their fare share of taxes in services and assistance from all of the recent large financial gains, almost in every sector of the Dominican economy, mineral, tourism, export, etc, etc.that the …. from venture capitalist in the Hotel Industries as well as import & export business, the new money and faces coming in (China)
“Show me the Money” !
and lastly is that it doesn’t say for what or where the remittance monies are going and used for, my feeling is that a large percentage maybe going to buy, purchase and pay off property, such as retirement homes as well as businesses