According to the Central Bank's commentary on international migration and currency operations by individuals, the volume of remittances from Uzbek citizens working in developed countries and a number of Asian states increased by nearly 21.7% compared to the same period last year. This growth is linked to stable demand for labor in migrant-receiving countries, steady wages, rising economic activity, and the strengthening of national currencies in these nations.

By the end of 2025, inflows from Kazakhstan, Turkey, South Korea, the United States, the United Kingdom, and the European Union significantly rose compared to $2.85 billion in 2024 and $1.32 billion five years ago, reaching $3.49 billion. Specifically, remittances from Kazakhstan amounted to $903 million, though the growth rate was 13.6%. Transfers from Turkey reached $547 million, representing a nearly 35% increase.

Uzbekistan remains part of global migration processes. Alongside traditional destinations (Russia, Kazakhstan, South Korea, and Turkey), migration to European and Asian countries is also growing, which is reflected in the composition of incoming remittances. The volume of transfers from Europe has quadrupled since 2020—from $141 million to $563 million.

Central Bank data indicates that the average annual remittance volume per recipient in Uzbekistan ranges from $2,000 to $4,000. In the structure of remittance channels to Uzbekistan in 2025, the rising share of P2P transfers is explained by the development of digital financial services, convenience and speed of transactions, and reduced transaction costs.

It is recalled that in 2025, the volume of remittances to Uzbekistan totaled $18.9 billion, a 27.2% increase compared to 2024 (or $4.1 billion). These flows helped maintain balance in the domestic currency market. At the same time, the volume of remittances from Uzbekistan abroad decreased by 5% in 2025, amounting to $2.7 billion.

Source: www.gazeta.uz