Money Transfers in May

Money Transfers in May

17 June, 2013

In May 2013, the volume of money transfers from abroad constituted 114.7 million USD (188.4 million GEL), which is 1.9 million USD (3.2 million GEL), or 1.7 percent less than the same amount for May 2012.


 


93.6 percent of total money transfers from abroad fall on those 12 big donor countries, from which the volume of such transfers exceeded 1 million USD in May. In May 2012 the share of these 12 countries constituted 94.6 percent of the total volume of money transfers.
 

 

 

Volume of money transfers in May, 2013 Million US Dollars

Structure of money transfers by the biggest donor countries %

May, 2012

May, 2013

Total     

114.7

100.0

100.0

Russia

60.9

56.2

53.1

Greece

15.4

12.2

13.4

Italy

8.9

7.9

7.8

United States

6.5

5.7

5.7

Turkey

3.8

2.5

3.3

Ukraine

2.9

3.1

2.5

Spain

2.0

2.1

1.8

Israel

1.8

1.2

1.5

United Kingdom

1.5

1.3

1.3

Germany

1.4

1.0

1.2

Kazakhstan

1.2

0.7

1.1

Azerbaijan

1.1

0.6

1.0

 


In May 2013, 12.2 million USD (or 20.0 million GEL) were transferred from Georgia instead of 9.0 million USD (or 14.6 million GEL) in May 2012.  

In the reference month, the structure of remittances by electronic wire systems is shown on the graph below.






Present statistical information is published on the website of the National Bank of Georgia at the following address: the http://nbg.gov.ge/index.php?m=306&lng=eng