IDB report projects 9.2% remittance growth for the Caribbean in 2025

The latest Remittances to Latin America and the Caribbean in 2025 report from the Inter-American Development Bank (IDB) Group outlines continued growth in diaspora-to-region transfers, signaling a solid year ahead for Caribbean remittance inflows.

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The report projects a 9.2% increase in remittances for the Caribbean sub-region in 2025 — a welcome upward trend, though more moderate than expected jumps in Central America. Total remittance flows across all Caribbean countries are estimated to hit approximately US$20.9 billion in 2025.

The strongest individual showing comes from the Dominican Republic, which is expected to receive US$11.9 billion alone — more than half of the region’s total inflows. Following behind on the regional leaderboard, Haiti is projected as the second largest recipient, with US$4.9 billion, arriving ahead of Jamaica and Trinidad and Tobago.

North America continues to dominate as the primary source of funds. The United States accounts for 50.4% of all remittance transfers to the Caribbean, followed by Canada at 10.6%.

For Haiti specifically, 62.8% of remittance funds originate from the United States, with 10.6% flowing from Canada. A notable share of the country’s remaining transfers comes from Haitians in the diaspora living in the Dominican Republic.

Across the Caribbean, remittance contributions to GDP are projected to rise from 9.2% in 2024 to 10.0% in 2025 — largely driven by a 1.3 percentage point increase in the Dominican Republic. However, Haiti diverges from the regional trend: its remittance share of GDP is projected to fall by 3.6%, marking the only decline flagged in the analysis.