The National Bank of Georgia published a report on money transfer statistics for May 2023. In May 2023, the volume of money transfers from abroad constituted 384.9 million USD (975.4 million GEL), which is 23.9% (120.8 million USD) less than the amount in May 2022.
97.6% percent of the total money transfers from abroad came from 25 largest partner countries, with the volume of transfers from these countries each exceeding 1 million USD in May 2023. In May 2022 the share of these 25 countries constituted 98.3% percent of the total volume of money transfers.
TOP Countries BY Money Transfers For May
1) Russian Federation - USD 155 million, decrease compared to the previous year -51%
2) Italy - USD 44 million, an increase of 20% compared to the previous year
3) USA - USD 38 million, an increase of 38% compared to the previous year
4) Greece - USD 21 million, an increase of 5% compared to the previous year
5) Kazakhstan - USD 20 million, decrease compared to the previous year -4%
6) Germany - USD 20 million, an increase of 48% compared to the previous year
7) Israel - USD 18 million, an increase of 13% compared to the previous year
8) Turkey - USD 15 million, an increase of 80% compared to the previous year
9) Spain - USD 5 million, an increase of 10% compared to the previous year
10) France - USD 5 million, an increase of 24% compared to the previous year
11) Kyrgyzstan - USD 5 million, decrease compared to the previous year -21%
12) United Kingdom - USD 4 million, an increase of 41% over the previous year
13) Ireland - USD 4 million, an increase of 110% compared to the previous year
14) Azerbaijan - USD 3.7 million, decrease compared to the previous year -20%
15) Poland - USD 2.4 million, a decrease from the previous year -27%
16) Canada - USD 2.2 million, an increase of 16% compared to the previous year
17) Iraq - USD 2.0 million, an increase of 391% compared to the previous year
18) Cyprus - USD 1.8 million, an increase of 21% compared to the previous year
19) Armenia - USD 1.7 million, an increase of 10% compared to the previous year
20) Tajikistan - USD 1.6 million, decrease compared to the previous year -13%.
