Money Transfers to Georgia Up 17% in February, EU and US Lead

2026-03-17 - 09:25

Money transfers to Georgia from abroad reached USD 295.32 million in February, marking a 17.1% increase compared to the same month last year, according to data from the National Bank of Georgia (NBG). The largest share of these inflows came from the European Union and the United States, which together accounted for 63.2% of all transfers, or USD 186.85 million. Transfers from EU countries alone totaled USD 132.51 million, representing 44.8% of overall inflows and a 19.7% increase compared to February 2025. At the country level, the United States ranked first with USD 54.34 million (18.4%), followed by Italy with USD 52.85 million (17.8%). Other contributors included Russia with USD 36 million (12.2%), Israel with USD 25.36 million (8.5%), and Germany with USD 24.39 million (8.2%). China recorded the sharpest year-on-year growth, with transfers increasing more than twelvefold to USD 1 million. Significant growth was also reported from Lebanon, up 67.7% to USD 1.15 million; Armenia, up 48% to USD 1.35 million; Belgium, up 41% to USD 1.53 million; and Spain, up 37.6% to USD 7.77 million. By contrast, Kyrgyzstan saw the largest decline, with transfers falling 22.1% year-on-year to USD 4.85 million. Meanwhile, money transfers from Georgia totaled USD 33 million in February 2026, up 14.8% from USD 28.7 million in February 2025. Personal remittances to Georgia account for 11.9% of the country’s gross domestic product (GDP), according to the World Bank’s 2024 data. Also Read: 02/03/2026 – Georgia’s GDP Up by 7.9% in January 2026 16/02/2026 – EU, U.S. Remain Top Sources as Money Transfers to Georgia Rise 16.6% in January 26/01/2026 – Money Transfers to Georgia Rise 18% in December, EU and U.S. Remain Top Sources