Remittance Outflows Statistics in Dominican Republic (2026)
The Dominican Republic recorded personal remittances paid of $1.2 billion in 2024, World Bank World Development Indicators data show. Up from $1.1 billion in 2023 to $1.2 billion in 2024. Dominican Republic ranks #3 of 34 economies in Latin America & Caribbean on this measure, and #50 of 181 globally.
Key Statistics
- Latest value (2024)
- $1.2 billion (2024)
- Remittance Outflows in the Dominican Republic as of 2024, the most recent observation in World Bank World Development Indicators data.
- Change since 2023
- +10.5% (2024)
- Up from $1.1 billion in 2023 to $1.2 billion in 2024.
- CAGR 1993–2024
- +16.5% per year (2024)
- Compound annual growth rate from $10.2 million in 1993 to $1.2 billion in 2024.
- Earliest value in this dataset (1993)
- $10.2 million (1993)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from $10.2 million in 1993 to $1.2 billion in 2024.
- Record high (2024)
- $1.2 billion (2024)
- The 2024 value is the highest in the available World Bank World Development Indicators series for the Dominican Republic.
- Rank in Latin America & Caribbean
- #3 of 34 (2024)
- The Dominican Republic ranks 3 of 34 countries in Latin America & Caribbean with data, based on each country's latest value.
- Global rank
- #50 of 181 (2024)
- The Dominican Republic ranks 50 of 181 countries with data globally.
- Latin America & Caribbean average
- $372.8 million (2024)
- The Dominican Republic ($1.2 billion) is above the average of $372.8 million across the 34 countries in Latin America & Caribbean with data.
- Projected 2026 value
- $1.4 billion (2026)
- Projection based on 7-year trend (CAGR 8.8%); not an official figure.
- International migrant stock (% of population) (2024)
- 6.5% (2024)
- Related indicator from World Bank World Development Indicators.
- Internet use in the Dominican Republic (2024)
- 91% (2024)
- 91% of the population in the Dominican Republic used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 11.4 million (2024)
- The Dominican Republic had a population of 11.4 million in 2024 (World Bank); shown for scale only.
Trend, 1993–2024
| Year | current US$ | Change |
|---|---|---|
| 2024 | 1.2B | +10.5% |
| 2023 | 1.1B | +11.1% |
| 2022 | 954.5M | +9.5% |
| 2021 | 871.8M | +4.1% |
| 2020 | 837.3M | +13.0% |
| 2019 | 741.1M | +19.0% |
| 2018 | 622.7M | −4.4% |
| 2017 | 651.4M | +5.6% |
| 2016 | 617.1M | +5.5% |
| 2015 | 585M | +1.8% |
| 2014 | 574.8M | +8.2% |
| 2013 | 531.1M | −6.0% |
| 2012 | 565.2M | −0.1% |
| 2011 | 565.5M | +5.9% |
| 2010 | 534M | +1885.1% |
| 2009 | 26.9M | −22.0% |
| 2008 | 34.5M | +22.3% |
| 2007 | 28.2M | +6.0% |
| 2006 | 26.6M | +7.7% |
| 2005 | 24.7M | +3.3% |
| 2004 | 23.9M | +4.4% |
| 2003 | 22.9M | +1.8% |
| 2002 | 22.5M | +3.7% |
| 2001 | 21.7M | +12.4% |
| 2000 | 19.3M | +8.4% |
| 1999 | 17.8M | −3.8% |
| 1998 | 18.5M | +143.4% |
| 1997 | 7.6M | −14.6% |
| 1996 | 8.9M | +27.1% |
| 1995 | 7M | −5.4% |
| 1994 | 7.4M | −27.5% |
| 1993 | 10.2M | — |
Frequently asked questions
What is the latest figure for personal remittances paid in the Dominican Republic?
Personal remittances paid in the Dominican Republic stood at $1.2 billion in 2024, according to World Bank World Development Indicators data.
How recent is the remittance outflows data for the Dominican Republic?
The most recent observation is from 2024. World Bank World Development Indicators data is reported with a lag, so 2024 is the latest available year for the Dominican Republic.
Where does the remittance outflows data for the Dominican Republic come from?
The data comes from the World Bank World Development Indicators (indicator BM.TRF.PWKR.CD.DT). The latest observation for the Dominican Republic is from 2024; the snapshot was retrieved on 2026-06-10.
How has remittance outflows in the Dominican Republic changed over time?
World Bank World Development Indicators data show a rise from $10.2 million in 1993 to $1.2 billion in 2024.
How does the Dominican Republic compare with other countries in Latin America & Caribbean?
The Dominican Republic ranks 3 of 34 countries in Latin America & Caribbean with data, with $1.2 billion versus a regional average of $372.8 million (latest values per country).
Source & methodology
Source: World Bank, World Development Indicators, indicator
BM.TRF.PWKR.CD.DT, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .