Dominican Republic: Striking figures of foreign direct investment in recent years, according to a study.

14 december 2023

The Dominican Republic plans to attract foreign direct investment (FDI) of 4.2 billion dollars, equivalent to 3.7% of the Gross Domestic Product (GDP). The country leads in Central America and the Caribbean in this area, receiving 18% of the total flows between 2016 and 2022. However, in 2022, it ranked second, surpassed by Guyana.

As of 2022, the accumulated FDI in the country reaches 55.871 billion dollars, representing 45.8% of the GDP. These figures come from the study “Impact of Foreign Investment in the Dominican Republic. Let’s double the investment,” conducted by the Dominican Association of Foreign Investment Companies (Asiex) and the Ecoanalítica firm.

The FDI sector contributed a net foreign exchange inflow of 9.083 billion dollars in 2022, a 71.4% increase since 2018, constituting 49.8% of the country’s total foreign exchange. Goods exports in 2022 reached 8.938 billion dollars, representing 73% of the total Dominican exports.

In 2021, the sector experienced total sales amounting to 14.964 billion dollars, equivalent to 15.8% of the GDP, a five-percentage-point increase from 2018.

The fiscal revenues generated by these companies amounted to 4.398 billion dollars, representing 3.9% of the GDP and an 83% increase since 2018. These revenues account for 30% of the country’s total income.

The study covers 659 FDI companies, of which 245 are under the regular tax regime, and 414 operate under the export free zone regime, constituting 0.7% of the total companies in the country. These companies contribute 18.8% of the resources allocated to the Social Security Treasury, showing a 5% increase since 2018. 80.3% of the employees in free zones come from foreign companies.

Moreover, these companies pay average salaries that are 37.6% higher than other companies, and in terms of job creation, they have generated 65,000 direct jobs since the beginning of the pandemic, a 12% increase compared to 2018.

For additional details on specific opportunities and trends, as well as for personalized guidance in the real estate field, we invite you to contact Meibi Castillo.

Meibi Castillo, a real estate expert, is available to provide detailed information and professional guidance. You can reach Meibi Castillo at the following phone numbers: +1 809-773-7925 (Dominican Republic) and +599 9 670 6636 (Curacao).Additionally, you can send an email to the address meibi@sunlife.realty for additional inquiries and personalized assistance in the real estate domain.

Dominican Republic: Striking figures of foreign direct investment in recent years, according to a study.

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