Money transfers to Georgia amount to $153.2 million in October 2019
$22.5 million was transferred from Georgia to foreign countries in October 2019. Photo: Nino Alavidze/Agenda.ge.
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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.
More than one-third of money transfers come in from the European Union:
- EU countries - $57.87 million (37.77%)
- Other countries - $95.34 million (62.23%)
The largest countries from which money transfers entered Georgia were the following:
- Russia - $37.86 million (24.71%)
- Italy –$21.01 million (13.72%)
- Greece – $15.95 million (10.41%)
- US – $15.23 million (9.94%)
- Israel – $13.59 million (8.87%)
- Turkey – $8.01 million (5.23%)
$22.5 million was transferred from Georgia to foreign countries in October 2019, which is 5.9 per cent more than it was in October 2018 ($21.2 million).
See additional statistics here.
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 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.
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.
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.
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.
The volume of money transfers to Georgia in December 2019 was $172.3 million, which is a 14.2 per cent increase compared to December 2018, announces the National Bank of Georgia.
The volume of money transfers to Georgia in January 2020 was $125.6 million, which is a 8.6 per cent increase compared to January 2019, announces the National Bank of Georgia.
Georgia received $137.3 million from abroad in February 2020, which is 9.5 per cent more than the amount in February 2019, says the National Bank of Georgia.