Remittances to the DR grow by 5.4% in the first five months of 2026

Santo Domingo.- The Dominican Republic received 5.1701 billion dollars in remittances in the first five months of the year, a year-on-year increase of 5.4%, the Central Bank reported this Sunday.

In May alone, remittances reached 1,090.2 million dollars, a figure that exceeds what was received in the same month in 2025 by 104.8 million, a year-on-year increase of 10.6%.

The issuer pointed out that this behavior is largely attributed to remittances sent by the diaspora residing in the United States, the country that originated 82.3% of the formal flows received in May.

This result aligns with the performance of the U.S. economy, where the Institute for Supply Management (ISM) non-manufacturing Purchasing Managers’ Index (PMI) recorded a value of 54.5 in May, sustaining the expansion of the services sector, which accounts for a significant proportion of the employment of Dominicans in that country.

Remittances constitute one of the main sources of foreign currency generation for the Dominican Republic, along with tourism and export free zones.

You can read: BCRD reports that remittance flows reached US$3,019.6 million between January and March 2026

The Central Bank also highlighted the receipt of remittances through formal channels from other countries during May.

In this order, Spain recorded a value of 62.0 million dollars, equivalent to 6.2% of the total, positioning itself as the second-largest source country in consistency with the volume of the Dominican diaspora.

This was followed by Italy and Haiti, with a 1.2% share each, and Switzerland, with 1.1% of the received flows. The remaining percentage was distributed among nations such as France, Canada, and Germany, among others.