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 24th out of 197 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.
Remittance inflows to GDP in Georgia, year by year
| Year | % | Change |
|---|---|---|
| 1997 | 8.1% | — |
| 1998 | 10.3% | +27.6% |
| 1999 | 12.9% | +24.9% |
| 2000 | 6.7% | -47.7% |
| 2001 | 6.8% | +0.8% |
| 2002 | 6.7% | -1.9% |
| 2003 | 6.2% | -6.6% |
| 2004 | 7.0% | +12.4% |
| 2005 | 7.0% | -0.6% |
| 2006 | 8.1% | +16.4% |
| 2007 | 8.7% | +7.2% |
| 2008 | 8.3% | -4.1% |
| 2009 | 10.3% | +24.0% |
| 2010 | 9.7% | -6.3% |
| 2011 | 10.2% | +5.9% |
| 2012 | 10.7% | +4.8% |
| 2013 | 11.3% | +5.4% |
| 2014 | 11.3% | -0.4% |
| 2015 | 9.8% | -13.4% |
| 2016 | 10.0% | +3.0% |
| 2017 | 11.0% | +10.0% |
| 2018 | 11.6% | +4.7% |
| 2019 | 12.9% | +11.8% |
| 2020 | 13.3% | +3.0% |
Georgia compared with similar countries
- Georgia's 13.3% is above the median for upper middle income countries, which is 4.0%, 3.3× the median. (58 countries reporting)
- Georgia's 13.3% is above the median for Europe & Central Asia, which is 1.5%, 8.7× the median. (50 countries reporting)
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
- 21 Guatemala 14.7% compare
- 22 Cape Verde 14.4% compare
- 23 Dominica 13.5% compare
- 25 Marshall Islands 12.7% compare
- 26 Montenegro 12.6% compare
- 27 Guinea-Bissau 12.2% compare
More financial sector data for Georgia
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0076 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.0055 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0076 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (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 24th out of 197 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.