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DR Ambassador highlights the economic relationship growth with the US

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The ambassador of the Dominican Republic in the United States, Sonia Guzmán, highlighted on Monday the economic relationship between the country and that North American nation.

“The consolidated figures for the year 2021 demonstrate the strength of the economic relationship between the Dominican Republic and the United States, with increases in almost all lines, including remittances, trade and tourism,” said Guzmán through a Press release.

The diplomat stated that the United States was the largest issuer of foreign investment received by the Dominican nation.

“Data from the Central Bank indicate that, from January to September of last year, direct foreign investment from the US reached 1,021 million dollars, 41% of the total captured in that period, this being the highest percentage in a decade”, explains the press department.

According to a report from the Embassy’s Commercial Department, from January to December 2021, the exchange of goods between the two countries totaled a record figure of 16,791 million dollars, an increase of 4,000 million dollars in relation to 2020, for a year-over-year increase of 32%.

Exports represented 6,347 million dollars last year, an increase of 20% compared to 2020, and 14% compared to the volume of 2019, according to Leonel Mateo Hernández, in charge of economic and commercial affairs of the diplomatic mission.

Likewise, they highlighted that travelers from the United States launched the reactivation of the tourism sector in the post-pandemic period, representing 45% of the total number of visitors who chose the Dominican Republic as a tourist or business destination.

Central Bank statistics indicate that in 2021 the country welcomed 1,655,324 visitors from this market.

As of December 2021, remittances sent to the Dominican Republic reached a historic amount of 10,403 million dollars, of which Dominicans in the United States contributed 85% of the total.

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