Money Transfers in May

Money Transfers in May

15 June, 2017

In May 2017, the volume of money transfers from abroad constituted 115.4 million USD (280.1 million GEL), which is 24.2 percent (22.5 million USD) more than the amount in May 2016.


 

92.8 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 May 2017. In May 2016 the share of these 14 countries constituted 92.4 percent of the total volume of money transfers.


 

Volume of money transfers in May 2017

Million US dollars

Structure of money transfers by the biggest donor countries %

May 2016

May 2017

Total     

115.4

100.0

100.0

EU Countries, total

34.9

33.1

30.3

Of which:

 

 

 

Greece

11.7

11.6

10.2

Italy

11.7

11.0

10.1

Spain

3.1

2.7

2.7

Germany

2.8

2.6

2.4

UK

1.4

1.7

1.2

France

1.2

0.9

1.0

Other Countries

80.5

66.9

69.7

Of which:

 

 

 

Russia

37.8

33.4

32.8

United States

12.1

10.6

10.5

           Turkey

10.0

8.1

8.7

Israel

9.4

4.9

8.2

Ukraine

2.1

1.7

1.8

Azerbaijan

1.4

1.1

1.2

Iraq

1.3

1.2

1.1

Kazakhstan

1.1

0.9

1.0

 

In May 2017, 18.2 million USD (or 44.1 million GEL) was transferred from Georgia, as compared to 15.8 million USD (or 34.5 million GEL) in May 2016.

 


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