Under the leadership of President Luis Abinader, the Dominican Republic has positioned itself as a leading nation in strengthening its economy, tourism and as an example of resilience in the region, consolidating itself as a model of stability and sustainable development.
This was highlighted by the President’s Spokesperson, Homero Figueroa, who highlighted the achievements made in recent years, placing the country as one of the preferred destinations for tourists and a high-growth economy in Latin America.
Caribbean tourism leadership
According to Figueroa, the Dominican Republic has become the fourth most sought-after destination by American tourists for the 2024-2025 winter season, strengthening its offer and promoting new sustainable and luxury experiences. «Thanks to a growth in tourism offer of 4% compared to the previous year and an 11% increase in the arrival of visitors from the United States, the country has achieved important recognition in luxury resorts such as Cap Cana and Casa of Campo, highlighted by specialized media such as Conde Nast Traveler,” stated the Spokesperson.
Resilience and economic growth
The Dominican economy has shown solid growth of 5.1%, reaching a historical maximum in employment and maintaining inflation in moderate ranges between 4% and 1%. Figueroa explained that this growth has been accompanied by significant foreign direct investment, which reinforces the country’s economic stability. “These figures reflect not only the recovery capacity of our economy, but also the government’s commitment to generating employment and reducing informality,” he added.
Comparison and regional positioning
At the regional level, the Dominican Republic is projected as one of the fastest growing economies in Latin America, with low inflation and a stable economic management model, according to the International Monetary Fund (IMF). “The IMF has estimated growth of 5.1% for 2024, exceeding the regional average of 2.1%, which positions us as a benchmark in the region in terms of growth and stability,” Figueroa concluded.
