Top countries for most money transfers to Georgia revealed


BAKU, Azerbaijan, April 25. The volume of money transfers to Georgia in March 2022 amounted to $193 million, an increase of 2.6%, compared to $188.1 million in the same month of 2021, reports Trend via the statistical data from the National Bank of Georgia (NBG).

The same figure also increased by 53.4% ​​compared to March 2020 ($125.8 million) and 39.5% compared to the same period of 2019 ($138.3 million).

Meanwhile, Italy ranked first among the countries with the highest amount of money transfers to Georgia in the 2022 reporting period with $36 million, an increase of 20%. , up from $30 million in March 2021.

Russia is second on the list with $27 million in money transferred to Georgia in March 2022. However, the current figure is down slightly by 15.6% from $32 million in the same month of 2021.

The United States ranked third with $25.6 million in remittances to Georgia in the 2022 reporting period, an increase of 6.2% from $24.1 million dollars in March 2021.

Top money transfers to Georgia (February 2022):

Country

Amount (USD million)

Italy

36

Russia

27

United States

25.6

Greece

18.9

Israel

16.9

Germany

11.3

Turkey

8.3

Kazakhstan

7.5

Azerbaijan

4.7

Spain

4.6

Meanwhile, the volume of outflows from Georgia in March 2022 amounted to $23.9 million, a decrease of 3.6%, compared to $24.8 million in the same month. of 2021, and an increase of 17.1%, compared to $20.4 million in March 2020.

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