Uzbekistan Receives $8.2 Billion in Remittances in Six Months
Economy
In the first half of 2025, remittances sent to Uzbekistan from abroad rose by 27% compared to the same period last year, reaching a record $8.2 billion. The majority of this inflow came from labor migrants working in Russia, the United States, and Europe.
According to the Central Bank, monthly inflows steadily increased: $1.06 billion in January, $1.07 billion in February, $1.21 billion in March, $1.43 billion in April, $1.64 billion in May, and $1.78 billion in June.
Russia remained the dominant source, accounting for 78% of the total volume ($6.4 billion). The remaining $1.8 billion came from countries like Kazakhstan, the USA, South Korea, Turkey, the UK, Kyrgyzstan, and Lithuania.
There was a notable increase in transfers from developed countries:
From the UK — doubled (from $44 million to $89 million);
From EU countries — up 41% (Ireland 2.8x, Lithuania +79%, Netherlands +44%, Poland +20%);
From the USA — up 15% (from $271 million to $313 million).
In terms of payment channels:
$4.3 billion was sent via international money transfer systems (+22%);
$3.6 billion via p2p card transfers (+40%);
$251 million through SWIFT (−22%).
The growth is attributed to strong labor demand and steady wages in destination countries, as well as the strengthening of Uzbekistan’s national currency. Additionally, labor migration is increasingly shifting toward developed countries.
Meanwhile, remittances sent from Uzbekistan abroad remained steady at $1.2 billion — the same level as last year.
Russia remained the dominant source, accounting for 78% of the total volume ($6.4 billion). The remaining $1.8 billion came from countries like Kazakhstan, the USA, South Korea, Turkey, the UK, Kyrgyzstan, and Lithuania.
There was a notable increase in transfers from developed countries:
From the UK — doubled (from $44 million to $89 million);
From EU countries — up 41% (Ireland 2.8x, Lithuania +79%, Netherlands +44%, Poland +20%);
From the USA — up 15% (from $271 million to $313 million).
In terms of payment channels:
$4.3 billion was sent via international money transfer systems (+22%);
$3.6 billion via p2p card transfers (+40%);
$251 million through SWIFT (−22%).
The growth is attributed to strong labor demand and steady wages in destination countries, as well as the strengthening of Uzbekistan’s national currency. Additionally, labor migration is increasingly shifting toward developed countries.
Meanwhile, remittances sent from Uzbekistan abroad remained steady at $1.2 billion — the same level as last year.
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