Transactions sent to Georgia witnessed a 12% increase in June, with the European Union and United States driving this surge
The National Bank of Georgia (NBG) recently released data showing that remittance inflows to Georgia totaled $315.5 million in June 2025, marking a 12.2% year-on-year increase. This growth was driven largely by the European Union (EU) and the United States, while remittances from Russia continued to decline.
The EU remains the leading source of inbound remittances, accounting for 44.4% of total inflows, with $140.2 million sent in June 2025 alone. The EU bloc showed a strong year-on-year growth rate of 17.3%. Within the EU, Italy, Germany, and Greece were the top contributors.
Transfers from the U.S. experienced significant growth, jumping 23% year-on-year to reach $58.7 million in June 2025, indicating strong upward momentum in remittance flows from this country.
In contrast, remittances from Russia have declined, falling 15.9% annually to $41.1 million in June 2025, continuing a downward trend in Russian transfers to Georgia.
Outbound transfers from Georgia have also risen, with $34.3 million sent abroad in June 2025, up 21.8% from $28.1 million in June 2024.
Total remittances for the first half of 2025 now stand at $1.715 billion, illustrating the continued importance of remittance flows to Georgia's economy.
These trends highlight the complex interplay of economic and political factors impacting remittance flows, with regional tensions continuing to affect financial flows from Russia to Georgia. The growth in remittances from the EU and the U.S. suggests that these countries remain vital sources of financial support for Georgia, while the decline in Russian remittances indicates potential challenges ahead.
[1] National Bank of Georgia (NBG) data on remittance inflows to Georgia. [2] National Bank of Georgia (NBG) data on outbound remittances from Georgia. [3] National Bank of Georgia (NBG) data on total remittances for the first half of 2025.
- The growth in remittance inflows to Georgia, primarily from the European Union and the United States, has a significant impact on the country's finance, as shown by the National Bank of Georgia's data.
- The decline in remittances from Russia, highlighted in the data provided by the National Bank of Georgia, could potentially present challenges in the finance sector of Georgia's economy.
