Remittances to Georgia drops slightly in May 2016
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The National Bank of Georgia (NBG) has today released May 2016 statistics about the amount of money transferred into Georgia from abroad.
The Bank said remittances last month amounted to $92.9 million, which was a decreased of $4.8 million or 5 percent compared to May 2015.
NBG said 89.4 percent of the total money transferred from abroad last month came from 11 large donor countries, the sum of which each exceeded $1 million.
To compare, in May 2015 remittances from these 11 donor countries made up 89.9 percent of the total volume of money transfers.
In May 2016 the top 11 donor countries were:
- Russia- $31.1 million;
- Greece- $10.8 million;
- Italy- $10.2 million;
- United States- $9.9 million;
- Turkey- $7.5 million;
- Israel- $4.5 million;
- Spain- $2.5 million;
- Germany- $2.4 million;
- Ukraine- $1.6 million;
- United Kingdom- $1.5 million;
- Iraq- $1.1 million
Meanwhile in May 2016 $15.8 million was transferred out of Georgia, compared to $13.3 million in May 2015.
Georgia receives $94.8m from 12 donor countries
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 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.
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.
Russia, US, Greece are top donors in September 2016
Georgia is receiving more money from abroad and mostly from its three major donor countries – Russia, the United States (US) and Greece.