Money transfers to Georgia from abroad totaled USD 295.17 million in August 2026, up 8.2% year-on-year, according to the latest data published by the National Bank of Georgia (NBG) on September 15. The European Union and the United States remained the largest sources of transfers, together accounting for 72.5% of total inflows, or USD 214.07 million, while Russia dropped to 11th place after ranking among the top five sources for months.
Transfers from EU member countries alone amounted to USD 149.93 million, up 3.9% year-on-year and accounting for 50.8% of total inflows.
By individual countries, the United States remained the largest source with USD 64.14 million (21.7% of the total). Italy followed with USD 55.22 million (18.7%), Germany with USD 31.31 million (10.6%), Greece with USD 28.24 million (9.5%) and Israel with USD 27.92 million (9.4%).
Russia, which had ranked among Georgia’s top five sources of transfers for months, fell to 11th place in August, recording the sharpest year-on-year decline among all reporting countries: transfers from Russia dropped 87.7% year-on-year to USD 5.07 million, accounting for just 1.7% of total inflows, compared to USD 42.02 million in July and USD 51.42 million in June. It ranked behind Turkey, Spain, Kazakhstan, the United Kingdom, and France.
Among the reporting countries, the largest year-on-year increase was recorded in transfers from Lebanon at USD 1.17 million, a 102.1% increase. Transfers from Jordan increased 43.8% to USD 1.56 million, while those from Saudi Arabia rose 27.2% to USD 1.92 million. Transfers from Israel increased 24.8%.
After Russia, the sharpest decline was recorded in transfers from Kyrgyzstan, which fell by 80.4% year-on-year to 2.19 million. Transfers from Poland decreased 32.9 % to USD 2.06 million, while those from Ireland fell 15.9% to USD 5.06 million.
Meanwhile, transfers from Georgia to other countries totaled USD 33.6 million in August, down 5.8% from USD 35.7 million in the same month last year.
Personal remittances to Georgia accounted for 11.9% of the country’s gross domestic product (GDP), according to the World Bank’s 2024 data.
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