Georgia receives $94m in remittances in Feb 2017
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Georgia received 17.9 percent more in remittances in February of 2017 than the same time period last year.
The majority of remittances came from Russia, the United States and Greece.
Last month Georgia received $30.3 million in remittances from Russia, $ 10.2 million from the US and $10.1 million from Greece, said the National Bank of Georgia (NBG).
Overall Georgia received $94.1 million from abroad in February 2017. The vast majority (90 percent) of all money transfers from abroad came from 11 countries.
After Russia, the US and Greece, other countries regularly sending money transfers to Georgia in 2016 included:
- Italy – $9.9 million
- Turkey - $7.6million
- Israel - $7.6million
- Spain - $2.4 million
- Germany – $2.4 million
- Ukraine - $1.9 million
- Azerbaijan - $1.2 million
- United Kingdom - $1 million
Remittances leaving Georgia totalled $14.6 million in February of 2017. This was less than the $15.7 million transferred out in February of 2016, reported the NBG.
Russia, the United States (US) and Italy accounted for 57.1 percent of December 2016 remittances to Georgia, making them the three largest suppliers of foreign money transfers.
Georgians living abroad are sending more money to their home country, says the Ministry of Finance.
Russia, US, Italy are top donors in November 2016
Georgia is receiving more money from abroad and mostly from three major donor countries – Russia, the United States (US) and Italy.
Georgia is receiving more money from abroad and mostly from three major donor countries – Russia, the United States (US) and Greece.
Georgia received 23.5 percent more in remittances in March of 2017 than the same time period last year.
Georgia received 11.6 percent more in remittances in April of 2017 than the same time period last year. The majority of remittances came from Russia, the United States and Greece.
Georgia received 24.2 percent more in remittances in May of 2017 than the same time period last year.
Georgia received 17.1 percent more in remittances in June of 2017 than the same time period last year.
Georgia received 20.1 percent more in remittances in July of 2017 than the same time period last year.