The volume of private remittances in May decreased by 13.2% and amounted to USD 0.7 billion.
This is evidenced by data from the National Bank, Ukrainian News Agency reports.
Wages received by Ukrainians from abroad decreased by 9.5%, and other private remittances received through official channels decreased by 9.7%.
In general, 9.6% fewer transfers were sent through official channels than in May 2024, while the flow through informal channels decreased by 18.0% compared to May last year.
In total, for January-May of this year, the volume of remittances decreased by 15.4% and amounted to USD 3.5 billion: net wages decreased by 18.7%, and private transfers decreased by 11.2%.
As Ukrainian News Agency earlier reported, the volume of private remittances in 2024 decreased by 15.2% and amounted to USD 9.6 billion.
The volume of private remittances in 2023 decreased by 7.8% compared to 2022 and amounted to USD 11.6 billion.
In 2021, the volume of remittances to Ukraine increased by 25.4% to USD 15.026 billion compared to 2020.
In 2020, the volume of remittances increased by 1.7% to a record USD 12.1 billion.
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