17.May .2022 13:00

Remittances flow to Georgia 60% Up in April, reaching record $ 308 mln

Remittances flow to Georgia 60% Up in April, reaching record $ 308 mln
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In April 2022, the volume of money transfers to Georgia from abroad constituted 308.1 million USD (944.8 million GEL), which is 58.8% (114.1 million USD) more than the amount in April 2021.

96.2% percent of the total money transfers from abroad to Georgia came from 20 largest partner countries, with the volume of transfers from these countries each exceeding 1 million USD in April 2022. In April 2021 the share of these 20 countries constituted 91.5% percent of the total volume of money transfers, reads the recent data of the National Bank of Georgia (NBG).

In April 2022, 25.4 million USD (or 77.8 million GEL) was transferred from Georgia, which is 1.5% less as compared to 25.8 million USD in April 2021.

Top 10 countries by money transfers in April was as follows:

1. Russian Federation - US$ 133 million, an increase of 299% from the previous year;
2. Italy - US$ 33 million, an increase of 5% from the previous year;
3. US - US$ 25 million, an increase of 1% from the previous year;
4. Kazakhstan - US$ 20 million, an increase of 705% from the previous year;
5. Greece - US$ 19 million, a decrease of -14% from the previous year;
6. Israel - US$ 16 million, an increase of 5% from the previous year;
7. Germany - US$ 12 million, an increase of 37% from the previous year;
8. Turkey - US$ 8 million, a decrease of 16% from the previous year;
9. Azerbaijan - US$ 5 million, a decrease of -45% from the previous year;
10. Spain - US$ 5 million, an increase of 8% from the previous year.