Santo Domingo – The Dominican Republic has recorded solid growth in cross-border remittance inflows for the opening half of 2026, defying widespread global economic uncertainty to hit a new half-year milestone, new data from the Central Bank of the Dominican Republic (BCRD) confirms.
According to the BCRD’s latest balance of payments report, total remittances received between January and June 2026 reached more than $6.219 billion, representing a 6.7% year-over-year increase compared to the same six-month period in 2025. Growth accelerated notably through the second quarter, with June alone seeing inflows hit $1.049 billion – a 13.6% annual jump that outpaced the 10.6% growth recorded in May.
The central bank highlighted that this resilient growth is particularly notable against a backdrop of persistent global economic challenges. Geopolitical tensions across the Middle East have driven up global crude oil prices, kept broad inflationary pressures elevated in most major economies, and eroded household disposable purchasing power for Dominican expatriates across the globe. Even with these headwinds, remittance flows – a core pillar of the Dominican Republic’s external economy – have continued to expand at a steady pace.
Geographically, the United States remains the dominant source of formal remittance flows to the country. In June, 81.4% of all formal transfers originated from the U.S., totaling $780.7 million. Spain took second place, contributing $61.8 million, equal to 6.4% of June’s total remittances. Italy followed with 1.3% of total inflows, while Haiti and Switzerland each accounted for 1.2% respectively. Smaller but consistent remittance flows also arrived from other European and North American economies including France, Canada, and Germany.