Remittances increased by 49% in March - Top 10 countries from which money was transferred

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15.Apr .2021 17:00

Remittances increased by 49% in March - Top 10 countries from which money was transferred

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According to the National Bank of Georgia, the volume of remittances in the country in March 2021 amounted to 188.2 million US dollars (627.7 million GEL), which is 49.5% (62.3 million US dollars) more than in March 2020.

According to statistics, Russia ranks first among the largest donor countries, from which $ 32.19 million was transferred to Georgia last month.

Countries from which most of the money was transferred to Georgia in March:

1) Russian Federation $ 32.19 million, an increase of 26.81% over the previous year
2) Italy $ 30.51 million; Growth compared to the previous year 76.29%
3) US $ 24.12 million, an increase of 59.79% over the previous year
4) Greece $ 20.67 million, an increase of 27.32% over the previous year
5) Israel $ 15.62 million, an increase of 32.66% over the previous year
6) Turkey 9.51 million dollars, an increase of 15.00% over the previous year
7) Ukraine $ 8.85 million, an increase of 145.20% over the previous year
8) Germany $ 8.41 million, an increase of 70.19% over the previous year
9) Azerbaijan 7.33 million dollars, an increase of 207.57% over the previous year
10) Spain $ 4.46 million, an increase of 41.43% over the previous year
11) France $ 2.93 million, an increase of 75.33% over the previous year
12) Kazakhstan $ 2.38 million, an increase of 95.50% over the previous year
13) Poland $ 2.19 million, an increase of 5.04% over the previous year
14) United Kingdom $ 1.89 million, an increase of 22.61% over the previous year
15) Canada $ 1.82 million, an increase of 80.61% over the previous year

In March 2021, 24.9 million USD (83.0 million GEL) were sent abroad from Georgia, which is 21.9% more than in the same period of March 2020 (20.4 million USD).

Remittance