The volume of remittances to Armenia grew by ten per cent in 2019

In 2019, USD 1.959 billion was sent to Armenia by individuals overseas via bank transfers. This is an increase of 9.7 per cent (USD 174 million) over 2018. 

The largest volume of overseas transfers to Armenia in the last ten years was recorded in 2013, exceeding USD 2 billion.

45 per cent of the money transfers to Armenia in 2019 were from Russia and 14 per cent from the USA.

Almost USD 1.5 billion left Armenia in 2019 in the form of bank money transfers. This is a 22.4 per cent increase over 2018.

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