Remittances to Georgia increases
Georgia receives $94.8m from 12 donor countries
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Georgia is receiving more money from abroad, shows latest figures from the National Bank of Georgia (NBG).
The sum of money transfers coming into Georgia in April 2016 was four percent or $3.7 million USD more year-on-year (y/y), said NBG.
Remittance figures showed $94.8 million USD was transferred into Georgia in April 2016.
NBG said 90.3 percent of total money transfers from abroad came from 12 donor countries, where the amount transferred from of these countries each exceeded 1 million USD.
Meanwhile in April 2015 the share of these 12 countries constituted 91.8 percent of the total volume of money transfers.
In April 2016 Georgia’s top 12 donor countries were:
- Russia - $31.6 million;
- Greece - $11.8 million;
- United States - $9.9 million;
- Italy - $9.8 million;
- Turkey - $7.2 million;
- Israel - $4.7 million;
- Spain - $2.7 million;
- Germany - $2.7 million;
- Ukraine - $1.8 million;
- United Kingdom - $1.4 million;
- France - $1.1 million;
- Azerbaijan - $1.1 million; and
- Other countries – 62.6 million.
Last month $16.3 million USD was transferred out of Georgia, compared to $14.5 million USD in April 2015, said NBG.
The sum of money transfers coming into Georgia in March 2016 was 1.3 percent less year-on-year (y/y), official figures reveal.
Russia, Italy and Greece top the 12 big donor countries from where Georgia receives the largest amount of remittances.
The sum of money transfers coming into Georgia in January 2016 was 11.8 percent less year-on-year (y/y), official figures reveal.
The sum of money transfers coming into Georgia in November 2015 was 18.3 percent less year-on-year (y/y), official figures reveal.
The sum of money transfers coming into Georgia in October 2015 was 27.4 percent less year-on-year (y/y), official figures reveal.
Georgia is experiencing less financial inflow from abroad. The sum of money transfers coming into Georgia in September 2015 was 32.9 percent less year-on-year (y/y), official figures reveal.
The sum of money transfers coming into Georgia in July 2015 was 31.8 percent less year-on-year (y/y).
Despite the ongoing financial crisis in Greece the country is still among the top donor countries in terms of volume of money transfers to Georgia, lagging only behind Russia.
Russia, Greece and Italy top the 12 big donor countries with the volume of money transfers to Georgia.
The National Bank of Georgia (NBG) has today released May 2016 statistics about the amount of money transferred into Georgia from abroad.
Georgia is receiving more money from abroad, shows latest figures from the National Bank of Georgia (NBG).
Russia, US, Greece are Georgia’s top donors in July 2016
Russia, the United States (US) and Greece top the 13 big donor countries from where Georgia receives the largest amount of remittances.
Russia, US, Italy are top donors in August 2016
Russia, the United States (US) and Italy top the 14 big donor countries from where Georgia receives the largest amount of remittances.