November 2021: money transfers to Georgia up 22%
From Georgia in November 2021, $31.8 million was transferred abroad, which is 45.3% more as compared to $21.9 million in November 2020. Photo: Nino Alavidze/Agenda.ge.
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Georgia has received $207.3 million from abroad in November 2021, which is 22% more than the amount received in November 2020, the National Bank of Georgia (NBG) reports.
The largest remittance senders were Russia ($34.40 million), Italy ($32.06 million) and the United States ($23.98 million).
Image: NBG.
Overall, the vast majority 95.1% of all money transfers came from 21 countries, with the volume of transfers from these countries each exceeding $1 million in November 2021.
In November 2020 the share of these 21 countries constituted 95.3% of the total volume of money transfers,” the NBG reports.
From Georgia in November 2021, $31.8 million was transferred abroad, which is 45.3% more as compared to $21.9 million in November 2020.
Georgia has received $204.9 million from abroad in August 2021 which is 11.2% more than the amount received in August 2020, the National Bank of Georgia reports. The largest remittance senders were Russia ($37.65 million), Italy ($33.62 million) and the United States ($24.62 million).
Georgia has received $208.4 million from abroad in July 2021 which is 10.4% more than the amount received in July 2020, the National Bank of Georgia reports.
Georgia received $201.9 million from abroad in June 2021, which is 19.3% more than the amount in June 2020, says the National Bank of Georgia. Russia ($39.08 million), Italy ($31.70 million) and the United States ($24.98 million) were the largest remittance senders in June 2021.
Georgia received $194.1 million from abroad in April 2021, which is 145.4% more than the amount in April 2020, says the National Bank of Georgia. Russia ($33.35 million), Italy ($31.73 million) and the United States ($24.88 million) were the largest remittance senders in April 2021.
Georgia’s gross external debt is up 130.9 million USD quarter-on-quarter, amounting to 21.0 billion USD as of September 30, 2021, the National bank of Georgia (NBG) says. Gross external debt is currently equal to 120% of annual GDP.
Georgia has received 229.5 million USD from abroad in December 2021, which is 14.9% more than the amount received in December 2020, the National Bank of Georgia (NBG) reports.