Economy
Posted: 1 week ago

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% ;