October 2020: money transfers to Georgia up 18.6%
Russia ($35.20 million), Italy ($27.50 million) and the United States ($21.25 million) were the largest remittance senders in October 2020. Photo: Nino Alavidze/Agenda.ge.
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Georgia received $181.7 million from abroad in October 2019, which is 18.6% more than the amount in October 2018, says the National Bank of Georgia.
Russia ($35.20 million), Italy ($27.50 million) and the United States ($21.25 million) were the largest remittance senders in October 2020.
Overall, the vast majority (94.%) of all money transfers from abroad came from 18 countries.
After Russia, Italy and, the United States other countries regularly sending money transfers to Georgia in October 2020 included:
- Greece - $19.74 million
- Israel – $13.78 million
- Ukraine – $10.95 million
- Turkey – $10.09 million
- Germany – $7.90 million
- Azerbaijan – $5.33 million
- Spain – $4.50 million
- France – $3.01 million
- Poland – $2.51 million
- United Kingdom – $1.88 million
- Kazakhstan – $1.81 million
- Canada – $1.72 million
- Ireland - $1.50 million
- Cyprus – $1.09 million
- Armenia - $1.05 million
Last month, remittances leaving Georgia totalled $23.9 million, as compared to $22.5 million in October 2019.
The volume of money transfers to Georgia in August 2020 was $184.2 million, which is a 25.8 per cent increase compared to August 2019, says the National Bank of Georgia (NBG).
The volume of money transfers to Georgia in July 2020 was $188.7 million, which is a 22.1 per cent increase compared to July 2019, says the National Bank of Georgia (NBG).
The volume of money transfers to Georgia in June 2020 was $169.2 million, which is a 17.8 per cent increase compared to June 2019, says the the National Bank of Georgia (NBG).
The amount of money transfers to Georgia in September 2019 was $149.8 million, which is a 13.9 per cent increase compared to September 2018.
Georgia received $199.7 million from abroad in December 2020, which is 15.9 per cent more than the amount in December 2019, says the National Bank of Georgia.
Georgia received $149.8 million from abroad in January 2021, which is 19.2% more than the amount in January 2020, says the National Bank of Georgia.
Georgia received $161.4 million from abroad in February 2021, which is 17.5% more than the amount in February 2020, says the National Bank of Georgia. Italy ($28.55 million), Greece ($19.71 million) and Russia ($25.14 million) were the largest remittance senders in February 2021.