Money Transfers in May

Money Transfers in May

15 June, 2016
In May 2016, the volume of money transfers from abroad constituted 92.9 million USD (203.1 million GEL), which is 4.9 percent (4.8 million USD) less than the amount in May 2015.
89.4 percent of the total money transfers from abroad came from 11 largest donor countries, with the volume of transfers from of these countries each exceeding 1 million USD in May 2016. In May 2015 the share of these 11 countries constituted 89.9 percent of the total volume of money transfers. 

 

Volume of money transfers in May 2016 Million US dollars

Structure of money transfers by the biggest donor countries %

May 2015

May 2016

Total     

92.9

100.0

100.0

EU Countries, total

30.7

35.0

33.1

Of which:

 

 

 

Greece

10.8

15.7

11.6

Italy

10.2

9.9

11.0

Spain

2.5

2.4

2.7

Germany

2.4

2.3

2.6

United Kingdom

1.5

1.3

1.7

Other Countries

62.2

65.0

66.9

Of which:

 

 

 

Russia

31.1

38.5

33.4

United States

9.9

8.7

10.6

           Turkey

7.5

6.5

8.1

Israel

4.5

2.5

4.9

Ukraine

1.6

1.8

1.7

Iraq

1.1

0.4

1.2

 

In May 2016, 15.8 million USD (or 34.5 million GEL) was transferred from Georgia, as compared to 13.3 million USD (or 30.9 million GEL) in May 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     

Other News