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 to Russia has been particularly common.
The 2002 population census in Georgia revealed a net migration loss of 1.1 million persons, or 20% of the population, since the early 90s.
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.
Most of the funds – 66.8% - were transferred to Georgia from Russia – a total of USD 365 million.