The Dominican Republic isn’t just a tourist paradise; it has a more diversified economy than most Caribbean nations. Last year, Dominicans abroad sent home a record $11.87 billion, up 10.3% from 2024, according to the Central Bank of the Dominican Republic (BCRD). Related: Country Report: The Dominican Republic Is on the ReboundWhile the tax has heightened anxiety in migrant communities, the BCRD forecasts a mild impact on the country, with remittance growth slowing to 3.5% in 2026, or roughly $12.2 billion. Related: Dominican Republic Tourism SurgesStill, that 1% tax means a lot less cash coming into the country. The CGD’s dataset “suggests the Dominican Republic is among the countries most exposed to the U.S. remittance tax,” she added.