Money transfers to Georgia down 16.8% year-on-year in June
In the same month, ₾76.2 million ($29.1 mln) was transferred from Georgia to recipients abroad - a 2.2 percent decrease from the June 2022 figure of $29.8 million. Photo: Nino Alavidze/Agenda.ge
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Georgian recipients received ₾930.6 million ($355.5 mln) in remittances from abroad in June, marking a 16.8% decrease year-on-year, the latest data from the National Bank of Georgia shows.
Russia ($129.31 million), Italy ($42.93 million) and the United States ($38.73 million) were the countries with the largest remittance senders.
Overall, the vast majority of all money transfers from abroad - 97.2 percent - came from 26 countries.
In the same month, ₾76.2 million ($29.1 mln) was transferred from Georgia to recipients abroad - a 2.2 percent decrease from the June 2022 figure of $29.8 million.
Maia Omiadze, the Head of the Georgian National Tourism Administration, on Monday said the flow of tourist visits in the country had increased by 90 percent compared to the pre-pandemic year of 2019.
Georgian external trade turnover amounted to $10.26 billion in January-June 2023, posting a 20.1 percent increase year-on-year, the Georgian National Statistics Office revealed on Thursday.
Georgia’s three international airports served 2,485,263 passengers between January-June, marking a 45 percent year-on-year increase, the Georgian Civil Aviation Agency said on Wednesday.
Georgia exported 2,346 tonnes of blueberries worth $14.4 million and 3,635 tonnes of peaches worth $3.9 million between May 1 and July 5, the Ministry of Agriculture of Georgia said on Friday.
Georgia received $427.4 million from abroad in June 2022, which is 111.7 percent more than the amount in June 2021, says the National Bank of Georgia.
The National Bank of Georgia on Wednesday decreased the refinancing rate by 0.25 percentage points to 10.25 percent after monitoring developments in the domestic economy and financial markets.
Georgia received $303.6 million from abroad in July 2023, which is 0.8 less than the amount in July 2022, the National Bank of Georgia said on Tuesday.
Georgia received $283.9 million remittances from abroad in September, with the figure marking a 26.7 percent decrease compared to the same month in 2022, the National Bank of Georgia said on Monday.