Expected Q4 2009 Financial Performance
Net remittances
Net remittances, 2004-2009
US$ mln
1200.0
7.4%
7.5%
8.0%
7.0%
1000.0
5.8%
5.4%
4.9%
800.0
4.1%
6.0%
5.0%
Net remittances by countries,
9 months '09
Germany, 1.1%
Kazakhstan, 1.0%-
Israel,
1.0%
Other countries,
13.5%
600.0
4.0%
UK, 0.7%-
955.2
3.0%
400.0
755.4
750.0
Turkey, 2.9%-
Ukraine, 6.6%
2.0%
200.0
420.5
315.4
1.0%
Spain, 2.6%
Russia, 54.3%
212.7
0.0
0.0%
2004
2005
2006
2007
2008
2009F
Net Remittances (LHS)
Greece, 7.4%
USA, 8.9%
Net Remittances as % of GDP
Cumulative net remittances by countries,
2004-9 months '09
Germany, 0.7%
Kazakhstan, 0.9%-
Israel,
0.9%
Other countries
12.0%
Cumulative net remittances,
2004 9 months '09
Country
Russia
US$ '000s
1,920,441
% of total
60.8%
USA
346,086
11.0%
Greece
147,885
4.7%
Ukraine
109,011
3.4%
Spain
79,392
2.5%
Turkey
65,449
2.1%
UK
30,595
1.0%
UK, 1.0%.
Israel
29,024
0.9%
Kazakhstan
29,708
0.9%
Turkey, 2.1%-
Germany
21,941
0.7%
France
15,748
0.5%
Canada
12,736
0.4%
Belgium
4,990
0.2%
Netherlands
4,046
0.1%
UAE
2.346
0.1%
Azerbaijan
(151)
0.0%
Other countries
340,839
10.8%
Total
3,160,086
100.0%
Source: National Bank of Georgia
Labkon
BANK OF GEORGIA
www.bog.ge/ir
Ukraine, 3.4%
Spain, 2.5%
Greece, 4.7%
Russia 60.8%
USA, 11.0%
January 2010
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