Money transfers to Georgia rose by 6.1% year-on-year in April 2025, reaching US$ 295.5 million, according to data cited in Galt & Taggart’s latest Weekly Market Watch. This marks an acceleration from the 3.9% year-on-year growth observed in March.

The increase was primarily driven by higher inflows from several key countries:

European Union: +14.2% y/y (46.3% of total transfers)

United States: +16.6% y/y (18.3% of total)

Israel: +11.4% y/y (7.5% of total)

Türkiye: +6.4% y/y (2.9% of total)

Kyrgyzstan: +40.3% y/y (2.6% of total)

However, notable declines were recorded in transfers from:

Russia: -18.9% y/y (13.5% of total)

Kazakhstan: -41.6% y/y (2.4% of total)

Despite the positive April figures, total money transfers during the first four months of 2025 declined slightly by 0.8% year-on-year, totaling US$ 1.1 billion.

Galt & Taggart has revised its full-year forecast upward, now expecting US$ 3.4 billion in total remittances for 2025 — up from the previous estimate of US$ 3.2 billion — citing stronger-than-expected growth in several key corridors.