Money Transfers from Abroad Hit 1.73 billion USD
Money transfers from abroad in 2019 made up 1.73 billion USD (over 4.99 billion GEL), up 9.7% compared to the same period of 2018.
This is a record figure. According to the National Bank of Georgia (NBG), money transfers from Germany, Greece, France, Ukraine and other ones rose by more than 10%.
The major contraction was seen from Russia – 428.9 million USD (about 1.23 billion GEL), down 6% year on year (-28.3 million USD).
Rating of countries due to money transfers to Georgia:
1 Russian Federation - 428,886,551 USD, down 6.2% year on year ;
2 Italy - 239,173,323 USD, up 24.0% ;
3 Greece - 192,545,110 USD, up 12.7% ;
4 The USA - 178,411,697 USD, up 11.8% ;
5 Israel - 162,547,994 USD, up 7.3% ;
6 Turkey - 94,846,134 USD, down 10.4% ;
7 Germany - 49,805,836 USD, growth 20.1% ;
8 Spain - 47,303,094 USD, growth 13.8% ;
9 Ukraine - 42,921,496 USD, growth 49.1% ;
10 Poland - 31,491,140 USD, growth 70.5% ;
11 Kyrgyzstan - 28,761,717 USD, growth 159.2% ;
12 Kazakhstan - 26,630,537 USD, up 65.4% ;
13 France - 26,370,867 USD, growth 35.7% ;
14 Azerbaijan - 22,169,189 USD, up 8.4% ;
15 United Kingdom - 16,890,393 USD, up 5.2% ;
16 Cyprus - 15,314,171 USD, up 30.9% ;
17 Canada - 14,212,254 USD, up 8.2% ;
18 Armenia - 13,268,666 USD, ზრდა წინა წელთან 45.6% ;
19 Ireland - 9,611,449 USD, up 20.3% ;
20 Sweden - 8,831,997 USD, up 11.9% ;
21 UAE - 8,778,428 USD, down 11.1% ;
22 Iraq - 8,760,189 USD, down 10.1% ;
23 Belgium - 5,469,601 USD, up 6.4% ;
24 Uzbekistan - 5,160,620 USD, up 45.9% ;
25 Belarus - 4,326,377 USD, down 1.4% ;
26 Czech Republic - 4,116,847 USD, up 91.5% ;
27 Netherlands - 3,223,258 USD, up 23.3% ;
28 Australia - 3,076,321 USD, down 10.3% ;
29 Saudi Arabia - 2,620,279 USD, down 1.9% ;
30 Austria - 2,576,429 USD, down 5.0% ;