03 August 2026,   08:15
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In May, inbound money transfers grew by 7.1% annually, totaling USD 339.9 million - NBG

The total volume of monetary remittances received by Georgia in May 2026 reached USD 339.85 million [GEL 911.0 million], representing a year-on-year increase of 7.1%, or USD 22.4 million, compared with the same period in 2025. The relevant statement was released by the National Bank of Georgia [NBG].

"The largest share of remittances in May originated from EU member states, accounting for 43.7% of the total, equivalent to USD 148.4 million, with annual growth standing at 6.0%. Among EU countries, Italy, Germany, and Greece contributed the most significant shares of overall remittance flows.

The upward trend in remittances from the US and Israel also continued. In May, year-on-year growth from the US stood at 8.1%, while remittances from Israel rose by 22.7%, amounting to USD 63.9 million and USD 29.3 million, respectively.

In May 2026, outbound transfers from Georgia to abroad totalled USD 37.0 million [GEL 99.2 million], which is 5.1% higher than the figure recorded in May 2025 [USD 35.2 million]", - reads the statement.

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