Galt & Taggart expects that with the mitigation of migration effects, the volume of money transfers to Georgia will decrease by approximately 6% to $3.2 billion in 2025. This is discussed in the review published by the organization.
"Money transfers decreased by 8.5% y/y to US$ 242.4mn in Jan-25, after a 8.2% y/y decline in previous month. Among the top countries, money transfers increased from the EU (+7.8% y/y, 46.5% of total), the USA (+23.2% y/y, 19.5% of total), Israel (+19.1% y/y, 8.8% of total) and Kyrgyzstan (+126.2% y/y, 2.5% of total) in January.
In contrast, transfers reduced from Russia (-62.4% y/y, 10.5% of total) and Kazakhstan (-49.5% y/y, 2.0% of total).
We forecast money transfers at US$ 3.2bn in 2025, down from USD 3.4bn in 2024", - Galt& Taggart reads.
However, the overall picture shows a decline, with total remittances to Georgia in January 2025 decreasing by 8.5% to USD 242.4 million. This downturn is primarily attributed to reduced transfers from Russia. The trend of declining remittances extends to Kazakhstan as well.
