Money transfers to Georgia amount to $146.4 million in August 2019
More than one-third of money transfers come in from the European Union. Photo: Nino Alavidze/Agenda.ge.
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The amount of money transfers entering Georgia in August 2019 was $146.4 million, which is a 7.8 per cent increase compared to August 2018.
More than one-third of money transfers come in from the European Union:
- EU countries - $55.89 million (38.17%)
- Other countries - $90.53 million (61.83%)
94 per cent of money transfers are accounted for by the 18 largest partner countries from which money transfers exceeded $1 million in August.
The largest countries from which money transfers entering Georgia were the following:
- Russia – $35.46 million (24.22%)
- Italy – $20.57 million (14.05%)
- USA – $15.12 million (10.33%)
- Greece – $14.73 million (10.06%)
- Israel – $14.02 million (9.57%)
- Turkey – $7.92 million (5.41%)
- Spain – $4.23 million (2.89%)
- Germany – $4.22 million (2.88%)
- Ukraine – $3.83 million (2.61%)
- Poland – $3.13 million (2.14%)
- France – $2.56 million (1.75%)
- Kazakhstan – $2.56 million (1.75%)
- Kyrgyzstan – $2.44 million (1.67%)
- Azerbaijan – $1.88 million (1.29%)
- UK – $1.3 million (0.89%)
- Canada – $1.29 million (0.88%)
- Armenia - $1.22 million (0.84%)
- Cyprus – $1.22 million (0.83%)
$19 million was transferred from Georgia to foreign countries in August 2019, which is 0.5% more than it was in August 2018 ($18.9 million).
Georgia received $154.5 million from abroad in July 2019, which is 7% more than the amount in July 2018, says the National Bank of Georgia.
Georgia received $143.6 million from abroad in June 2019, which is 6.3% more than the amount in June 2018, says the National Bank of Georgia.
Georgia received $145.8 million from abroad in May 2019, which is 11.8% more than the amount in May 2018, says the National Bank of Georgia.
Georgia received $137.1 million from abroad in April 2019, which is 10.1% more than the amount in April 2018, says the National Bank of Georgia.
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.
A report released by the State Commission on Migration reads that 46 per cent of Georgian families [2018] that have a family member abroad depend on this individual for their only income.
The volume of money transfers to Georgia in October 2019 was $153.2 million, which is an 11.5 per cent increase compared to October 2018, announces the National Bank of Georgia.
The volume of money transfers to Georgia in November 2019 was $151 million, which is a 13.3 per cent increase compared to November 2018, announces the National Bank of Georgia.