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This year, the US multinational banking and financial services Bank of America singled out the growth of tourism in the Dominican Republic placing them in levels prior to the pandemic, becoming one of the main star economic resources of the country.
Bank representatives traveled to Santo Domingo with the purpose of knowing the country’s economic perspective. From this visit they highlighted the optimism that they see the local economic evolution towards the future, indicating that it has grown faster than expected even with the oil crisis.
After the pandemic crisis brought by COVD-19, the country has been progressively recovering. This year the tourism level was higher compared to the previous year, making the month of July the month with the highest arrival of tourists with 735,064 non-resident visitors. Countries such as the United States, Canada, Puerto Rico, Spain, Cuba and the United Kingdom have remained the countries with the tourists that visit us. For the next year 2023, it is expected that between flights and cruises, the number of tourists will reach 7.7 million and 1.7 million, respectively.
They also highlighted the high growth of GDP, performance above budget targets, no more EXD in 2022, and the fiscal rules plans, as well as the good climate for foreign investment thanks to the increase in tourism.