16.Jan .2020 18:37

Statistics of money transfer systems

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According to the National Bank of Georgia (NBG), in December 2019, the volume of money transfers from abroad constituted 172.3 million USD (500.5 million GEL), which is 14.2% (21.4 million USD) more than the amount in December 2018.

To note, 95.0% percent of the total money transfers from abroad came from 19 largest partner countries, with the volume of transfers from these countries each exceeding 1 million USD in December 2019. In December 2018 the share of these 19 countries constituted 94.8% percent of the total volume of money transfers.

The volume of remittances in 2019 according to the transfer systems looks like this:
1 Zolotaya Korona - $ 364,930,771;
2 Western Union - $ 324,657,248;
3 RIA - $ 322,045,310;
4 Intel Express - $ 225,669,644;
5 Unistream - $ 155,551,996;
6 Money Gram - $ 148,118,006;
7 Contact - $ 114,631,149;
8 Rico Gram - $ 73,291,214;

Money Transfers by Countries:
1 Russian Federation - $ 428,886,551, down 6.2% comparing to the previous year;
2 Italy - $ 239,173,323, up 24.0% comparing to the previous year;
3 Greece - $ 192,545,110, up 12.7% comparing to the previous year;
4 US - $ 178,411,697, up 11.8% over the previous year;
5 Israel - $ 162,547,994, up 7.3%comapring to the previous year;
6 Turkey - $ 94,846,134, down 10.4%comapring to the previous year;
7 Germany - $ 49,805,836, up 20.1%comapring to the previous year;
8 Spain - $ 47,303,094, up 13.8%comapring to the previous year;
9 Ukraine - $ 42,921,496, up 49.1% comparing to the previous year;
10 Poland - $ 31,491,140, up 70.5% comparing to the previous year;
11 Kyrgyzstan - $ 28,761,717, up 159.2% comparing to the previous year;
12 Kazakhstan - $ 26,630,537, up 65.4% comparing to the previous year;
13 France - $ 26,370,867, up 35.7% comparing to the previous year;
14 Azerbaijan - $ 22,169,189, up 8.4% comparing to the previous year;
15 United Kingdom - $ 16,890,393, up 5.2% comparing to the pervious year;
16 Cyprus - $ 15,314,171, up 30.9% comparing to the previous year;
17 Canada - $ 14,212,254, up 8.2% comparing to the previous year;
18 Armenia - $ 13,268,666, up 45.6% comparing to the previous year;
19 Ireland - $ 9,611,449, up 20.3% comparing to the previous year;
20 Sweden - $ 8,831,997, up 11.9%comapring to the previous year.