Russia, US, Italy largest remittance senders in December 2016
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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.
Last month Georgia received $41.5 million in remittances from Russia, which accounted for 34.9 percent of all money transfers made to Georgia in December 2016, said the National Bank of Georgia (NBG).
Georgia's second largest source of remittances was the US, with $14.1 million in money transfers followed by Italy, transferring $12.3 million.
Overall Georgia received $119 million from abroad in December 2016. This is a 16.7 percent year-on-year (y/y) increase, said the NBG.
The vast majority (92.6 percent) of all money transfers from abroad came from 14 countries.
After Russia, the US and Italy, other countries regularly sending money transfers to Georgia in 2016 included:
- Greece – $11.9 million
- Turkey - $8.3 million
- Israel - $7.1 million
- Spain - $2.9 million
- Germany - $2.9 million
- Ukraine - $2.5 million
- Azerbaijan - $1.9 million
- United Kingdom - $1.3 million
- France – $1.2 million
- Iraq - $1.1 million
- Kazakhstan - $1.1 million
Remittances leaving Georgia totaled $18.2 million in December of 2016. This was higher than the $17.8 million transferred out in December of 2015, reported the NBG.
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.
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.
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.
Georgia received 17.1 percent more in remittances in June of 2017 than the same time period last year.