EU, U.S. Remain Top Sources as Money Transfers to Georgia Rise 16.6% in January

2026-02-16 - 14:07

Money transfers from abroad to Georgia totaled USD 282.64 million in January, a 16.6% increase from the same month last year, according to data released by the National Bank of Georgia (NBG). Transfers from European Union countries and the United States remained the largest, together accounting for 63.8% of total inflows, or USD 180.4 million. Transfers from EU countries totaled USD 128.41 million, representing 45.43% of overall inflows and a 17.46% increase compared to January 2025. By individual countries, Italy ranked first with USD 53.18 million (18.82% of total inflows), followed closely by the United States with USD 52.04 million (18.41%). Russia accounted for USD 33.51 million (11.86%), Israel for USD 24.66 million (8.72%), and Germany for USD 24.11 million (8.53%). China recorded the sharpest year-on-year growth, with transfers increasing nearly 16 times to USD 1.43 million. Growth was also reported from the United Kingdom, up 44.6% to USD 4.91 million; Tajikistan, up 41% to USD 1.14 million; Spain, up 40.3% to USD 7.4 million; and Russia, where inflows rose by 31.6%. By contrast, Kyrgyzstan saw the biggest decline, with transfers falling 34.2% year-on-year to USD 4.07 million. Meanwhile, money transfers from Georgia totaled USD 31.2 million in January 2026, up 10.2% from USD 28.3 million in January 2025. According to the World Bank’s 2024 data, personal remittances to Georgia account for 11.9% of the country’s gross domestic product (GDP). Also Read: 26/01/2026 – Money Transfers to Georgia Rise 18% in December, EU and U.S. Remain Top Sources 26/12/2025 – Money Transfers to Georgia Up 11.9% in November, EU and U.S. Lead 26/11/2025 – EU, U.S. Top Money Transfers to Georgia in October