Money transfers to Georgia amount to $149.8 million in September 2019

The amount of money transfers to Georgia in September 2019 was $149.8 million, which is a 13.9 per cent increase compared to September 2018.

More than one-third of money transfers come in from the European Union: 

• EU countries - $56.91 million (38%)
• Other countries - $92.86 million (62%)

The largest countries from which money transfers entering Georgia were the following:

• Russia - $36.3 million (24.24%)
• Italy –$21.08 million (14.07%)
• Greece – $15.92 million (10.63%)
• US – $15.39 million (10.28%)
• Israel – $13.55 million (9.05%)
• Turkey – $8.18 million (5.46%)
• Spain – $3.48 million (2.32%)
• Germany – $4.38 million (2.92%)
• Ukraine – $4.28 million (2.85%)
• Kazakhstan – $2.93 million (1.95%)
• Poland – $2.92 million (1.95%)
• Kyrgyzstan – $2.58 million (1.72%)
• France – $2.32 million (1.55%)
• Azerbaijan - $2 million (1.34%)
• UK – $1.51 million (1.01%)
• Cyprus - $1.45 million (0.97%)
• Canada – $1.29 million (0.86%)
• Armenia -$1.24 million (0.83%)

$20.5 million was transferred from Georgia to foreign countries in September 2019, which is 6.5 per cent more than it was in September 2018 ($19.2 million).