Russia accounts for half of remittances to Azerbaijan

Remittances to Azerbaijan from abroad amounted to more than $1 billion in 2024. These are the data of the Central Bank of the Republic.

The leader in money transfers is Russia, which accounts for $ 497 million out of the total amount. The list also includes Turkey ($ 176 million) and the United States ($ 65 million), Georgia ($ 35 million), the United Kingdom ($ 34 million).

Last year, $527 million was sent abroad from Azerbaijan. $ 58 million was transferred to Russia during this period — this is the third place in the list. More than in Russian money was transferred to Turkey ($ 150 million) and the United States ($ 60 million). The top five also included Georgia ($45 million) and the United Kingdom ($28 million).