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Most remittances go to the big cities

According to statistics released by the Central Bank, around 54% of the remittances to the country from Dominicans living overseas is sent to Greater Santo Domingo and Santiago provinces.

In 2015, the Dominican Republic received US$4.96 billion in remittances and in the first nine months of 2016 the total was US$3.95 billion.

According to the Central Bank, the National District received the most at 29.27% of the total followed by Santiago with 15.4% and then Greater Santo Domingo with 9.71%.

Looking at other provinces, Duarte (San Francisco de Macorís) came next with 5.14% of the total, La Vega with 4.33%, Peravia (Baní) with 3.58%, San Cristóbal with 3.52%, Puerto Plata with 3.19%, Espaillat (Moca) with 2.33% and San Pedro de Macorís with 2.26%.

The provinces receiving the lowest amounts were Monseñor Nouel (Bonao) with 1.98%, La Romana 1.86%, Valverde 1.83%, María Trinidad Sánchez 1.54%, and the other 18 provinces shared the remaining 13.52%.

When looking at where the money was sent from, the highest average remittances came from Switzerland with US$367.40 per transaction, France with US$291.30, Germany with US$ 290.90, Spain with US$262.40 and Italy with US$246.70.

These countries were followed by Panama with US$222.80 average per transaction, Haiti with US$200.30, the United States with US$199.60, Panama US$163.10 and Puerto Rico, with US$144.10.

However, looking at the number of transactions, top of the list is the United States with 14.5 million in 2015, followed by Spain with 2.2 million and Puerto Rico with 428,367.

Source: DR1, DiarioLibre

Oct 20, 2016

Category: DR News |

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Last updated January 21, 2018 at 12:31 AM
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