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Georgia among largest emigration countries - WB Report

Georgia Materials 16 January 2007 17:09 (UTC +04:00)

(civil) - As a portion of the population, Georgia is one of the largest emigration countries in the world, according to a new World Bank report.

Migration from Georgia has been large particularly to Russia.

The 2002 population census in Georgia revealed a net migration loss of 1.1 million persons or 20% of the population since early 90s, reports Trend.

Official remittances constitute over 5% of Georgia's GDP, and actual remittances are expected to be much larger, according to the report Migration and Remittances: Eastern Europe and the Former Soviet Union.

The amount of money transferred from abroad to Georgia in 2006 increased by 35.5% and reached USD 546 million, according to the Georgian National Bank said.

Most of the funds вЂ" 66.8% - were transferred to Georgia from Russia вЂ" a total of USD 365 million.

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