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EU and U.S. Remain Top Sources of Money Transfers to Georgia as Inflows Rise 7% in May

Civil.ge Send an email 19/06/2026 - 14:50
1 minute read

Money transfers to Georgia from abroad totaled USD 339.85 million in May, up 7.1% (USD 22.4 million) compared to the same period last year, according to data of the National Bank of Georgia (NBG).

The European Union and the United States continued to remain the largest sources, accounting for a combined 62,4% of total inflows, USD 212.31 million.

Transfers from EU member countries alone totaled USD 148.4 million, representing 43.6% of all inflows and a 5.9% increase year-on-year.

By country, the United States remained the leading source of transfers with USD 63.91 million (18.8% of the total), followed by Italy with USD 55.86 million (16.4%). Other major sources included Russia with USD 48.62 million (14.3%), Germany with USD 30.14 million (8.8%), and Israel with 29.25 million (8.6%).

China recorded the highest year-on-year growth rate, with transfers increasing more than 31-fold to USD 2.49 million. Significant growth was also reported from Tajikistan, where transfers rose 90.5% to USD 1.35 million; Lebanon, up 45.3% to USD 1.07 million; Israel, up 29%, and Belarus, up 22.1% to USD 1.06 million.

By contrast, transfers from Kyrgyzstan declined by 40.6% year-on-year to USD 4.78 million, marking the sharpest decrease among reporting countries. Transfers from Azerbaijan fell by 19.4% to 2.76 million, while transfers from Ireland decreased by 14% to 5.41 million.

Meanwhile, money transfers from Georgia totaled USD 37 million in May 2026, up 5.1% from USD 35.2 million in the same month last year.

Personal remittances to Georgia account for 11.9% of the country’s gross domestic product (GDP), according to the World Bank’s 2024 data.

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Civil.ge Send an email 19/06/2026 - 14:50
1 minute read
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