Remittance inflows to GDP in Georgia
Georgia: Remittance inflows to GDP was 13.3% in 2020. ▲ Rising
Remittance inflows to GDP in Georgia, 1997–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
Georgia recorded 13.3% for remittance inflows to gdp in 2020. That is the highest value across all 24 years on record.
That represents a change of up 3.0% on the previous year and up 37.7% over ten years.
Over the whole period, remittance inflows to gdp in Georgia peaked at 13.3% in 2020 and was at its lowest, 6.2%, in 2003.
That places Georgia 22nd out of 195 countries with data for 2020, putting it in the top quarter.
The long-run direction has been consistently rising across the 24 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10.4% | 8.1% | 12.9% | 3 |
| 2000s | 7.6% | 6.2% | 10.3% | 10 |
| 2010s | 10.9% | 9.7% | 12.9% | 10 |
| 2020s | 13.3% | 13.3% | 13.3% | 1 |
Countries ranked near Georgia
- 19 Guatemala 14.7% compare
- 20 Cape Verde 14.4% compare
- 21 Dominica 13.5% compare
- 23 Marshall Islands 12.7% compare
- 24 Montenegro 12.6% compare
- 25 Guinea-Bissau 12.2% compare
More financial sector data for Georgia
- Domestic credit to private sector by banks 65.9% (2025)
- Total reserves in months of imports 3.01 (2025)
- Net domestic credit 76.02 billion current LCU (2025)
- Net foreign assets 1.10 billion current LCU (2025)
- Monetary Sector credit to private sector 65.9% (2025)
- Broad money 55.1% (2025)
- Claims on central government, etc. 6.4% (2025)
- Domestic credit to private sector 68.4% (2025)
- Official exchange rate 2.74 LCU per US$, period average (2025)
- Net migration 1,283 (2025)
Frequently asked questions
- What is remittance inflows to gdp in Georgia?
- Remittance inflows to gdp in Georgia was 13.3% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Georgia?
- The highest recorded value was 13.3% in 2020.
- What is the lowest remittance inflows to gdp recorded in Georgia?
- The lowest recorded value was 6.2% in 2003.
- How does Georgia rank for remittance inflows to gdp?
- Georgia ranks 22nd out of 195 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Georgia?
- Over the last ten years it is up 37.7%. The long-run trend across the full record is rising.
- Where does this Georgia data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.