Georgia receives $66.5m from 11 donor countries in January
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Less money is coming into Georgia from abroad.
The sum of money transfers coming into Georgia in January 2016 was 11.8 percent less year-on-year (y/y), official figures reveal.
National Bank of Georgia (NBG) published remittance figures, which showed the sum of money transfers from abroad constituted $66.5 million USD in January 2016. This was $8.9 million USD less than in January 2015.
NBG said 88.1percent of all remittances from abroad came from 11 main donor countries, and the volume of transfers from of these countries exceeded one million USD in January 2016.
Meanwhile, in January 2015 the share of remittances from these 11 countries made up 88.8 percent of the total money transfers into Georgia.
Last month $11.9 million USD was transferred out of Georgia, while $12.5 million USD was sent out of the country in January 2015.
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.
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 March 2016 was 1.3 percent less year-on-year (y/y), official figures reveal.
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 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.