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The Volume of Money Transfers from Abroad Increased by 10.4 %

The Volume of Money Transfers from Abroad Increased by 10.4 %

In July 2016, the volume of money transfers from abroad constituted 100.7 million USD (235.3 million GEL), which is 10.4 percent (9.5 million USD) more than the amount in July 2015.

92.3 percent of the total money transfers from abroad came from 13 largest donor countries, with the volume of transfers from of these countries each exceeding 1 million USD in July 2016. In July 2015 the share of these 13 countries constituted 91.7 percent of the total volume of money transfers.

  Volume of money transfers in July 2016

Million US dollars

Structure of money transfers by the biggest donor countries %
July 2015 July 2016
Total      100.7 100.0 100.0
EU Countries, total 31.0 21.9 30.8
Of which:      
Greece 11.0 0.9 10.9
Italy 9.9 10.0 9.9
Spain 2.7 2.5 2.7
Germany 2.4 2.5 2.4
United Kingdom 1.4 2.3 1.4
France 1.0 1.0 1.0
Other Countries 69.7 78.1 69.2
Of which:      
Russia 37.7

48.2

37.4
United States 11.0 9.1 10.9
           Turkey 7.3 7.0 7.2
Israel 4.9 3.2 4.9
Ukraine 1.6 1.9 1.6
Azerbaijan 1.1 1.4 1.1
Kazakhstan 1.0 1.8

1.0

In July 2016, 15.7 million USD (or 36.8 million GEL) was transferred from Georgia, as compared to 12.6 million USD (or 28.5 million GEL) in July 2015.

Source: NBG