Money Transfers in May

Money Transfers in May

15 June, 2018
In May 2018, the volume of money transfers from abroad constituted 130.4 million USD (320.1 million GEL), which is 13.0 percent (15.0 million USD) more than the amount in May 2017.
 

93.1 percent of the total money transfers from abroad came from 16 largest donor countries, with the volume of transfers from these countries each exceeding 1 million USD in May 2018. In May 2017 the share of these 16 countries constituted 93.0 percent of the total volume of money transfers.

 

Volume of money transfers in May 2018

Million US dollars

Structure of money transfers by the biggest donor countries %

May 2017

May 2018

Total     

130.4

100.0

100.0

EU Countries, total

44.3

30.3

34.0

Of which:

 

 

 

           Italy

11.68

10.13

11.99

Greece

11.71

10.15

10.20

Germany

2.80

2.42

2.68

Spain

3.07

2.67

2.59

France

1.16

1.01

1.16

UK

1.41

1.22

1.07

Poland

0.18

0.16

0.98

Cyprus

0.51

0.45

0.81

Other Countries

86.1

69.7

66.0

Of which:

 

 

 

Russia

37.84

0.73

0.86

            United States

12.11

10.50

10.75

Israel

9.43

8.17

9.72

Turkey

10.02

8.69

7.44

Ukraine

2.05

1.78

1.90

Azerbaijan

1.35

1.17

1.29

Kazakhstan

1.14

0.98

1.16

Canada

0.84

0.73

0.86


In May 2018, 19.6 million USD (or 48.2 million GEL) was transferred from Georgia, as compared to 18.2 million USD (or 44.1 million GEL) in May 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