December 2022: money transfers to Georgia up 133.2%
Georgia received $535.3 million from abroad in December 2022. Photo: Nino Alavidze/Agenda.ge
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Georgia received $535.3 million from abroad in December 2022, which is 133.2 percent more than the amount in December 2021, the National Bank of Georgia said on Monday.
Russia ($317.31 million), Italy ($43.20 million) and the United States ($34.30 million) were the largest remittance senders last month.
Image: NBG
Overall, the vast majority (98.2%) of all money transfers from abroad came from 24 countries.
Last month, remittances leaving Georgia totalled $33.8 million, as compared to $33.3 million in December 2021.
The Georgian economy’s 2022 growth is projected to be at 10 percent in the final tallying of numbers for the past year, with a "much stronger” domestic economic activity observed compared with expectations in the aftermath of Russia’s invasion of Ukraine, the January report of the World Bank Global Economic Prospects has said.
Galt & Taggart, a Georgian-based investment banking and investment management services, has forecast a 5.2 percent average annual inflation in Georgia this year.
The gross external debt of Georgia decreased by $127.1 million during the third quarter of 2022 and stood at $22.2 billion as of September 30, the National Bank of Georgia said in its latest update of national debt statistics on Friday.
Commercial banks in Georgia loaned ₾43.65 billion ($16.17bln) and received deposits of ₾42.62 billion ($15.79bln) in November 2022, the latest data from the National Bank of Georgia shows.
Commercial banks in Georgia loaned ₾44.80 billion ($16.94bln) and received deposits of ₾44.31 billion ($16.76bln) in December 2022, the latest data from the National Bank of Georgia shows.
Commercial banks in Georgia loaned ₾44.47 billion ($16.9 bln) and received deposits of ₾43.64 billion ($16.5 bln) in January 2023, the latest data from the National Bank of Georgia shows.