Money Transfers in August

Money Transfers in August

15 September, 2016

In August 2016, the volume of money transfers from abroad constituted 105.8 million USD (245.4 million GEL), which is 25.3 percent (21.4 million USD) more than the amount in August 2015.


93.7 percent of the total money transfers from abroad came from 14 largest donor countries, with the volume of transfers from of these countries each exceeding 1 million USD in August 2016. In August 2015 the share of these 14 countries constituted 92.1 percent of the total volume of money transfers.


 

Volume of money transfers in August 2016

Million US dollars

Structure of money transfers by the biggest donor countries %

August 2015

August 2016

Total     

105.8

100.0

100.0

EU Countries, total

32.6

23.6

30.8

Of which:

 

 

 

Italy

10.5

10.6

10.0

Greece

10.4

1.4

9.8

Spain

3.0

3.0

2.8

United Kingdom

2.4

1.8

2.2

Germany

2.4

2.6

2.2

France

1.2

1.0

1.2

Other Countries

73.2

76.4

69.2

Of which:

 

 

 

Russia

37.0

44.5

34.9

United States

11.7

10.2

11.1

           Turkey

8.0

7.1

7.6

Israel

5.5

3.3

5.2

Azerbaijan

2.5

1.6

2.4

Ukraine

1.7

1.9

1.6

Canada

1.1

0.8

1.1

Kazakhstan

1.1

1.4

1.0



In August 2016, 17.3 million USD (or 40.2 million GEL) was transferred from Georgia, as compared to 12.5 million USD (or 29.0 million GEL) in August 2015.

 

 

Present statistical information is published on the website of the National Bank of Georgia at the following address: https://www.nbg.gov.ge/uploads/moneytransfers/money_transfers_by_countries_eng.xls