Galt&Taggart has revised its 2025 remittance forecast upward to USD 3.6 billion, citing stronger-than-expected inflows during the first nine months of the year. The previous estimate stood at USD 3.5 billion, according to the investment bank’s Weekly Review.
Data from the National Bank of Georgia shows that remittances rose 12.1% year-on-year in September 2025, reaching USD 317.8 million, following a 10.7% increase in August.
The largest growth came from the EU (+12.1%), the US (+21.7%), Russia (+10.2%), Israel (+12.6%), and Turkey (+14.3%). In contrast, inflows from Kyrgyzstan (-6.3%) and Kazakhstan (-6.1%) declined.
Overall, from January to September 2025, remittances totaled USD 2.7 billion, up 6.4% compared to the same period last year.
