The Remittance Boom of the Past Month

The May 2025 statistics clearly reflect the impact of emigration, global migration, and the international labor market on Georgia’s economy. According to the National Bank of Georgia, the volume of remittances sent into the country reached $317.4 million (870.5 million GEL), which is 11.6% higher than the same period last year — creating a kind of financial buffer for the country.

The vast majority of remittances still originate from traditional markets — 96.5% of all transfers come from just 27 countries, highlighting the unchanged structure of the market and the geographic concentration of emigration. The United States leads the list, accounting for $59.1 million in transfers, with a 25% year-over-year increase. Italy ranks second ($52.8 million, +10%), followed by the Russian Federation ($43.6 million), where remittance flows have dropped by 9.2%, a shift that draws particular attention in the context of international politics.

Other key remitting countries include Germany ($27.3 million), Greece ($25.1 million), Israel ($23.8 million), Turkey ($9.4 million), Spain ($8.1 million), Kyrgyzstan ($8.1 million), and Kazakhstan ($6.7 million). This diversified structure contributes to economic stability, as financial inflows come from migrants in various regions, reducing the risks associated with reliance on a single market.

It is also worth noting that outbound remittances from Georgia have increased significantly: in May, $35.2 million was sent abroad, which is 16.8% more than in the same period last year. This growth may indicate increased international business and family ties, as well as rising economic activity and capacity within the country.

Remittances have long been one of the most stable pillars of Georgia’s economy, supporting both consumption stability and the national currency’s strength. The current statistics show that in 2025, financial support from emigrants and their families has grown even further — positively impacting the country’s social environment, domestic market, investment activity, and service consumption. Maintaining this trend is critically important for economic policy, as the stability of remittances often serves as a key balancing factor against shocks, currency fluctuations, and global crises.