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Russia is the largest source of remittances for Georgia

Italy and Greece are also on the list

Most of the money transfers made to Georgia comes from Russia. Italy is in second place, followed by Greece.

USD 45 million was transferred to Georgia from Russia in December last year, which constitutes 32.5% of the total remittances to the country. Transfers received from Italy in the reporting period was USD 15.4 million, and from Greece USD 15.1 million.

The next three countries are the USA (USD 13.1 million), Israel (USD 12.4 million) and Turkey (USD 10 million).

According to the National Bank of Georgia (NBG), Georgia received remittances amounting to USD 138.4 million in December 2017, which is 16.3% (USD 19.4 million) more compared to the same period of the year before.

Money transfers made from Georgia abroad was USD 19.8 million (GEL 51.8 million) in December 2017, which is USD 1.6 million more compared to the previous year.

The majority of the migrants from Georgia live in Russia, Italy and Greece. They render financial assistance to their families in Georgia on a monthly basis.

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