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Dominican Republic remittances rise 6.4% in Jan-July 2026
🇵🇾 Paraguay /Economy & Trade

Dominican Republic remittances rise 6.4% in Jan-July 2026

From ABC Color · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Official statement Context piece
  • Remittances to the Dominican Republic reached $7.32 billion in the first seven months of 2026, a 6.4% increase year-on-year.
  • July alone saw $1.097 billion in remittances, with the United States accounting for 81.4% of the total.
  • The Dominican Central Bank attributed the growth to the U.S. economy, particularly the service sector where many Dominicans work.

The Dominican Republic received $7.316 billion in remittances during the first seven months of 2026, marking a 6.4% increase compared to the same period last year, according to the Central Bank (BCRD).

In July, remittances totaled $1.097 billion, an increase of $49.3 million from July 2025, representing a 4.7% year-on-year growth. The BCRD linked this positive performance to the economic conditions in the United States, especially within the service sector, which employs a significant portion of the Dominican population residing there.

The United States remained the primary source of remittances, contributing $814.7 million in July, or 81.4% of the total. Spain followed as the second-largest source, with $65.9 million in July (6.6% of the total). Italy, Haiti, and Switzerland each accounted for 1.2%, with other contributions coming from countries like France, Canada, and Germany.

DistantNews Editorial

Originally published by ABC Color in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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