Remittances worth $1.11 billion entered Georgia in 2017, which is 19% higher compared to the same period last year, the National Bank of Georgia reported.
The main persons sending remittances are Georgians living abroad. The top ten countries sending remittances back to Georgia are listed below. Figures noted are for January - March only.
Based on the main countries from which remittances come, in terms of money transfers, Russia is in first place with $371 million dollars in transfers. The US is second with $117 Million. The country with the largest year-on-year growth rate in terms of money transfers is Israel with 99%.
The countries sending the most remittances to Georgia, January-March 2017:
- Russia - 371 million USD, 16.8% increase y/y
- USA - 117.2 million USD, 13.6% increase y/y
- Italy - 114.7 million USD, 9% increase y/y
- Greece - 113 million USD, 13% increase y/y
- Israel - 95.2 million USD, 99% increase y/y
- urkey - 89 million USD, 27% increase y/y
- Spain - 29 million USD, 15% increase y/y
- Germany - 27 million USD, 10% increase y/y
- Ukraine - 21 million USD, 29% increase y/y
- France - 14 million USD, 14.2% increase y/y