Georgia had a positive money inflows in 2020 y-o-y, increased by 9% . The hardest months were April and May 2020, which coincides the world pandemic peak period, however since June, money inflows had increasing trend, achieving USD 1.89 billion at the end of the year. For comparison, the effect of the 2008 recession saw remittances decrease in 2009 by 16% compared to the previous year.
Compared to 2019 performance of money inflows, there is some changes in money transfers by countries. Top 5 countries still remain Italy, Russia, Greece, USA, Israel, however money inflows have been decreased by 15% from Russia, whereas increased by 24% from Italy, by 14% from Greece and by 22% from USA y-o-y.