16.Mar .2020 17:22

On the background of Coronavirus, Remittances up in Georgia – Statistics

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The National Bank of Georgia (NBG) published a report on remittances in February 2020. 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.

Russia ($28.68 million), Italy ($21.67 million) and Greece ($16.43 million) were the largest remittance senders in February 2020.

Overall, the vast majority (94 per cent) of all money transfers from abroad came from 17 countries.

After Russia, Italy and Greece, other countries regularly sending money transfers to Georgia in February 2020 included:

1 Russian Federation - 28 681 242 USD
2 Italy - 21 666 080 USD
3 Greece - 16 429 522 USD
4 Israel - 14 443 560 US USD
5 The US - 14 392 528 USD
6 Turkey - 7 769 936 USD
7 Germany - 4 646 964 US
8 Ukraine - 4 158 942 USD
9 Spain - 3 732 386 USD
10 Poland - 2 376 369 USD
11 Azerbaijan - 2 050 427 USD
12 France - 1 999 227 USD
13 Kazakhstan - 1 877 717 USD
14 United Kingdom - 1,463 560 USD
15 Cyprus - 1 220 456 USD
16 Canada - 1 107 707 USD
17 Ireland - 1 012 974 USD
18 United Arab Emirates - 715 649 USD
19 Armenia - 679 319 USD, down 18.5% from the previous year;
20 Iraq - 644 769 USD
21 Sweden - 575 364 USD
22 Uzbekistan - 393 560 USD
23 Belgium - 360 023 USD
24 Czech Republic - 348 253 USD
25 Kyrgyzstan - 346 311 USD

In February 2020, remittances leaving Georgia totalled $21.7 million, compared to $17.7 million in February 2019.