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Remittances to Georgia Up Nearly 15% Year-on-Year


The National Bank of Georgia has released this month’s statistics on remittances to Georgia. More than $135 million was transferred to Georgia from abroad this June, marking a 14.8% increase in remittances year-on-year (y/y).


The majority of remittances last month came from Russia, as has been the consistent pattern historically. 29% of total remittances or $39 million was sent from Russia.


The second highest number of remittances came from Italy with $15.6 million, and the third highest from the United States at $14.2 million.


Remittances sent from Georgia totaled $17.9 million, in June 2018, up just slightly from the previous June, which saw $17.8 million sent abroad.


Remittances to Georgia in June, 2018:

  • Russia - 39.2 mln USD (29%)

  • Italy - 15.6 mln USD (11.5%)

  • US - 14.2 mln USD (10.5%)

  • Greece - 13.9 mln USD (10.3%)

  • Israel - 13.3 mln USD (9.8%)

  • Turkey – 9.7 mln USD (7.2%)

  • Germany – 3.6 mln USD (2.7%)

  • Spain – 3.5 mln USD (2.6%)

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