YEREVAN, July 1. /ARKA/. The net inflow of private remittances in Armenia from abroad sent through the banks in January-May 2025 amounted to $511.7 million, compared to $449.4 million in January-May 2024, according to a report by the Central Bank.
Thus, this indicator grew by 13.9% on an annual basis. At the same time, in May of this year, the net inflow of remittances amounted to $238.3 million, compared to $121.8 million in May last year.
The inflow of private cross-border remittances in Armenia amounted to $2.3 billion in the first five months of this year, compared to $2.1 billion in the same period last year.
Among the leaders in remittances to Armenia are Russia with $1.5 billion and the United States with $266.3 million. Russia and the United States were also the leaders in remittances sent to Armenia in January-May last year ($1.4 billion and $270 million, respectively).
The outflow of remittances from Armenia abroad amounted to $1.8 billion in January-May 2025, compared to $1.6 billion for the same period in 2024.
Switzerland ($310.2 million) and the UAE ($297.2 million) led in remittances from Armenia abroad for the five months. In January-May 2024, the leaders were the UAE ($282.5 million) and Russia ($249.3 million). -0-
