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%)