Money Transfers in December

Money Transfers in December

15 January, 2019

In December 2018, the volume of money transfers from abroad constituted 150.9 million USD (402.7 million GEL), which is 9.1 percent (12.5 million USD) more than the amount in December 2017.

 

 

94.3 percent of the total money transfers from abroad came from 18 largest donor countries, with the volume of transfers from these countries each exceeding 1 million USD in December 2018. In December 2017 the share of these 18 countries constituted 94.2 percent of the total volume of money transfers.

 

Volume of money transfers in December 2018

Million US dollars

Structure of money transfers by the biggest donor countries %

December 2017

December 2018

Total     

150.9

100.0

100.0

EU Countries, total

56.0

32.7

37.1

Of which:

 

 

 

            Italy

20.0

11.1

13.3

Greece

17.1

10.9

11.3

Spain

4.1

2.8

2.7

Germany

4.1

2.6

2.7

Poland

2.2

0.5

1.4

France

2.0

1.1

1.3

UK

1.5

1.0

1.0

Cyprus

1.2

0.5

0.8

Other Countries

94.9

67.3

62.9

Of which:

 

 

 

Russia

43.8

32.5

29.0

            United States

15.1

9.5

10.0

Israel

13.0

9.0

8.6

Turkey

7.8

7.2

5.2

Ukraine

2.8

1.9

1.8

Azerbaijan

2.2

1.1

1.5

Kazakhstan

1.7

0.9

1.1

Kyrgyzstan

1.5

0.2

1.0

Canada

1.4

0.8

0.9

Armenia

1.0

0.6

0.7


In December 2018, 21.7 million USD (or 57.8 million GEL) was transferred from Georgia, as compared to 19.8 million USD (or 51.8 million GEL) in December 2017.

 

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.xlsx