A report released by the State Commission on Migration reads that 46 per cent of Georgian families  that have a family member abroad depend on this individual for their only income.
57 per cent of Georgian families said that they systematically receive money from their family members living and working abroad.
In 2015-2017 foreign direct investments were more than money transfers come in Georgia, but in 2018 the situation changed. In 2018, money transfers were 200 million GEL more than foreign direct investments in 2018, says the report.
In the last four years, money transfers from abroad increased by 32 per cent, says the report. The biggest amount of money transfers comes from Russia, says the report. The report notes that in recent years money transfers are increased from Israel and Europe.
The amount of money transfers to Georgia in September 2019 was $149.8 million, which is a 13.9 per cent increase compared to September 2018.
More than one-third of money transfers come in from the European Union:
- EU countries – $56.91 million (38%)
- Other countries – $92.86 million (62%)
The largest countries from which money transfers entering Georgia were the following:
- Russia – $36.3 million (24.24%)
- Italy –$21.08 million (14.07%)
- Greece – $15.92 million (10.63%)
- US – $15.39 million (10.28%)
- Israel – $13.55 million (9.05%)