Money Transfers in 2008

Money Transfers in 2008

16 January, 2009

In 2008 total volume of money transfers to Georgia exceeded 1 billion US dollars, which is 136.0 million US dollars or 15.7 percent more than the same figure for 2007. The highest intensity of money transfers during the year occurred in July and December, 97.4 and 108.8 million US dollars respectively, while the lowest occurred in January – 58.5 million US dollars.

 

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Money transfers, million USD

 

58.5

 

65.3

 

80.4

 

83.5

 

80.6

 

84.4

 

97.4

 

73.8

 

86.1

 

92.0

 

91.3

 

108.8

Of which transfers from Russia

 

35.7

 

39.2

 

50.1

 

51.4

 

48.3

 

53.5

 

63.4

 

45.0

 

54.2

 

56.8

 

62.4

 

73.9

92.4 percent of total money transfers from abroad fall on those big nine donor countries, from which the volume of such transfers exceeds 1 million US dollars. Last year share of these 9 countries constituted 91.4 percent of the total volume of money transfers.  

 

Volume of money transfers in 2008

Million US Dollars

Structure of money transfers by the biggest donor countries %

2007

2008

Total     

1002.1

100.0

100.0

Russia

633.9

62.9

63.3

Ukraine

70.5

2.3

7.0

USA

63.9

13.5

6.4

Greece

47.2

3.0

4.7

Italy

36.6

2.8

3.7

Armenia

21.9

0.2

2.2

Turkey

20.9

2.0

2.1

Spain

20.4

3.4

2.0

Kazakhstan

10.4

1.3

1.0

In 2008 84.3 million US dollars were transferred from Georgia abroad. 68.6 percent of this amount fall on Russia (42.9 percent), Ukraine (16.1 percent), Turkey (5.9 percent) and USA (3.7 percent).

In the past year the most popular among the fast money transfer systems for transferring money to Georgia were: Western Union (20.0 percent), Contact (18.6 percent), Anelic (16.8 percent), Unistream (14.6 percent), Leader (6.7 percent), Money Gram (5.6 percent), Быстрая почта (5.4),  Intel Express (2.7 percent).

For money transfer from Georgia most popular in 2008 were Western Union (44.5 percent), Anelik (17.7 percent), Leader (13.8 percent), Unistream (6.7 percent), Быстрая почта (6.5), Contact (4.4 percent). 

Present statistical information is being published on the statistics headlines.