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Remittances to Ukraine accelerate their decline to 20% in January and amounted to USD 0.7 billion

The volume of private remittances in January of this year decreased by 19.9% ​​and amounted to USD 0.7 billion.

This is evidenced by data from the National Bank of Ukraine (NBU), Ukrainian News Agency reports.

Wages received by Ukrainians from abroad decreased by 19.1%, while other private remittances received through official channels decreased by 25.5%.

In general, 22.7% fewer remittances were sent through official channels than in January of last year, while the flow through informal channels decreased by 16.0% compared to January of last year.

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As Ukrainian News Agency earlier reported, the volume of private remittances in 2024 decreased by 15.2% and amounted to USD 9.6 billion.

The volume of private remittances in 2023 decreased by 7.8% compared to 2022 and amounted to USD 11.6 billion.

In 2021, the volume of remittances to Ukraine increased by 25.4% to USD 15.026 billion compared to 2020.

In 2020, the volume of remittances increased by 1.7% to a record USD 12.1 billion.

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