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View Full Version : Remittances a big part of GDP



NewsWhore
09-06-2007, 05:50 PM
The Dominican Republic is one of the largest recipients of remittances in Latin America and the Caribbean. In recent years, remittances have made up more than 8% of the country's GDP. In 2007 the DR is estimated to receive RD$3 billion, according to Central Bank director Hector Valdez Albizu. Valdez Albizu, quoted in Hoy, added that since 1999, remittances as part of the GDP have grown at a rate of 9%. The Central Bank director added that 80% of Dominican remittances come from the United States.

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