Dominican Republic: Remittances

* indicates monthly or quarterly data series
 Dominican Republic

Remittances, million USD

 Latest value 10278.1
 Year 2022
 Measure million U.S. dollars
 Data availability 1970 - 2022
 Average 2276.88
 Min - Max 14.5 - 10742.8
 Source The World Bank
For that indicator, we provide data for Dominican Republic from 1970 to 2022. The average value for Dominican Republic during that period was 2276.88 million U.S. dollars with a minimum of 14.5 million U.S. dollars in 1971 and a maximum of 10742.8 million U.S. dollars in 2021. The latest value from 2022 is 10278.1 million U.S. dollars. For comparison, the world average in 2022 based on 181 countries is 4215.66 million U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Dominican Republic - Remittances - recent values

Historical chart
Dominican Republic - Remittances - historical chart - 1970-2022

Remittances are the money sent home by people who work in a foreign country. These are, for example, the money sent to Mexico by Mexican workers in the U.S.
Definition: Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.

 Related indicators Latest value Reference Measure
 Terms of trade 99.29 2021 percent
 Trade openness 54.23 2022 percent
 Financial openness 1.540 2021 index points
 Exports, percent of GDP 22.06 2022 percent
 Exports, billion dollars 25.05 2022 billion U.S. dollars
 Growth of exports 13.70 2022 percent
 Imports, percent of GDP 32.17 2022 percent
 Imports, billion dollars 36.52 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 3.49 2022 percent
 Foreign Direct Investment, billion dollars 3.96 2022 billion U.S. dollars
 Portfolio investment inflows, equities 0.00 2022 million dollars (current)
 Current account, percent of GDP -5.55 2022 percent
 Current account, in dollars -6.33 2022 billion U.S. dollars
 Trade balance, percent of GDP -10.11 2022 percent
 Trade balance, in dollars -11.26 2022 billion U.S. dollars
 Reserves 14.52 2022 billion U.S. dollars
 Remittances, percent of GDP 9.05 2022 percent
 Remittances 10,278.10 2022 million U.S. dollars
 Net errors and omissions 297.60 2022 million USD
 External debt 44.27 2022 percent
 Short-term external debt 6.57 2022 percent
 Short-term debt to reserves 21.81 2022 percent
 Foreign exchange reserves 15.86 9/2023 billion
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