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Russia Ranks First in Terms of Money Transfers to Georgia

Georgia Receives $94.8m From 12 Donor Countries

Money transfers have increased in the month of April too.

The country has recorded 94.8 million USD inflows from abroad (03/16 – USD $90.7; 02/16 USD $79.9; 01/16 – USD $66.6).

As to year on year correlation, a 4% y/y growth was registered for the first time.

In April 2015, the country recorded 91.091 million USD inflows.

The sum of money transfers coming into Georgia in April 2016 was four percent or $3.7 million USD more year-on-year (y/y), said NBG. Remittance figures showed $94.8 million USD was transferred into Georgia in April 2016.

NBG said 90.3 percent of total money transfers from abroad came from 12 donor countries, where the amount transferred from of these countries each exceeded 1 million USD.

Meanwhile in April 2015 the share of these 12 countries constituted 91.8 percent of the total volume of money transfers.

03/16 03/16
 1 Russia 31,57 30,04
 2 Greece  11,77   9,94
 3 USA   9,88   7,97
 4 Italy   9,81   9,78