Tourism Fuels Over 40% of Dominican Republic’s Economic Growth

• Tourism Minister David Collado underscored the vital role of tourism in the Dominican Republic’s economy, noting that the sector accounts for over 15% of the national GDP.
• He described tourism as the pillar of economic stability, citing revenues of more than US$10.50Bn in 2024, which helped maintain a stable exchange rate.
• Diversification of the tourism offer has been one of the driving forces behind this growth: as well as beaches and sunshine, the Dominican Republic has developed ecotourism in Jarabacoa and Bahía de las Águilas, boosted cultural tourism in Santo Domingo, and stimulated medical tourism.
• Collado highlighted that from 2022 to 2024, over 40% of the country’s economic growth was driven by tourism, a figure confirmed by the Central Bank governor. He added that in many countries, tourism would be regarded as the main industry, and in the Dominican Republic, it has proven to be indispensable to national development.

(Sources: Dominican Today)