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[BUSINESS] · Dominican Republic, United States, Spain · 16 sources

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Dominican Republic economy shows growth in tourism, remittances and tax revenue

The Dominican Republic's economy showed strong indicators through July 2026, driven by tourism, remittances, and increased tax collection.

Tourism arrivals reached 7.7 million visitors between January and July 2026, a 7% increase compared to the previous year. Authorities aim to exceed 12 million visitors by the end of the year. Additionally, tourism and real estate accounted for 32.5% of foreign direct investment during the first half of 2026.

Remittances grew by 6.4% during the first seven months of 2026, totaling US$7,316.4 million. The United States remains the primary source, contributing US$814.7 million in July alone, which represents 81.4% of all formal remittances received that month. This influx of foreign currency contributed to an 8.0% appreciation of the Dominican peso against the US dollar since December 2025.

On the fiscal side, the General Directorate of Internal Taxes (DGII) reported a 6.5% year-on-year increase in tax collection for July 2026, totaling RD$81,475.1 million. This growth was largely driven by the ITBIS (Value Added Tax), which saw a 17.1% increase, and personal income tax.

Entities

Banco Central de la República Dominicana · David Collado · Dirección General de Impuestos Internos · Dominican Republic · Las Américas International Airport · Ministry of Tourism (Mitur) · Punta Cana International Airport · United States

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about 1 month ago