Georgia received over $1 billion in remittances in 2016
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Georgians living abroad are sending more money to their home country, says the Ministry of Finance.
Between January-November 2016 Georgia received more than $1 billion from abroad, a 5.5 percent increase year-on-year (y/y), said the Ministry.
Money transfers increased from the European Union (EU) countries. In particular:
- Italy - $108.969 million (11 percent increase)
- Spain - $27.940 million (16 percent increase)
- Germany - $26.955 million (13.1 percent increase)
- Greece - $112.650 million (4.2 percent increase)
Other countries that accounted for significant remittances in 2016 included:
- United States - $113.557 million (26.3 percent increase)
- United Kingdom - $16 million (10.2 percent increase)
- Israel - $53.602 million (83.5 percent increase)
- Turkey - $78.752 million (24.1 percent increase)
Remittances to Georgia reduced by 10 percent from Russia, by 1.6 percent from Ukraine, by 8.6 percent from Azerbaijan and by 20.1 percent from Kazakhstan.
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.
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.
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, 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.
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.
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.