TASHKENT – The volume of international remittances received by Uzbekistan in 2025 grew by 28% compared to the previous year, reaching $18.9 billion, according to a review by the Central Bank of Uzbekistan. The absolute increase amounted to $4.1 billion, Daryo.uz reports.
Alongside traditional labor migration destinations—Russia, Kazakhstan, South Korea, and Turkey—Uzbek citizens are increasingly choosing to work in European and Asian countries. It was from these states that the bulk of cross-border transfers originated in 2024–2025.
The most significant growth was recorded in the following corridors:
- United Kingdom: +39%;
- European Union countries: +37% (notably, Ireland — up 2.6 times, Croatia — 2.5 times, Slovakia — +67%, Lithuania — +57%, Netherlands — +49%, Poland — +9%);
- United States: +15%;
- South Korea: +15%.
On average, each recipient in Uzbekistan receives between $2,000 and $4,000 annually.
In 2025, more than half of all inflows—52%, or $9.9 billion—were processed through traditional money transfer systems (a 21% increase). Bank transfers accounted for only 2% ($397 million), representing a 49% decline year-on-year.
Meanwhile, the share of direct person-to-person (P2P) transfers reached 46% ($8.6 billion), rising 1.4 times. Experts attribute this trend to the rapid development of digital financial services, the convenience and speed of transactions, and lower transaction costs.
In contrast, the volume of money transfers sent from Uzbekistan abroad decreased by 5% ($138.4 million), totaling $2.7 billion.
Over the past five years (2020–2025), remittance inflows from several countries have demonstrated steady growth:
|
Country/Region |
2020 |
2025 |
|---|---|---|
|
Kazakhstan |
$386 million |
$903 million |
|
United States |
$345 million |
$665 million |
|
South Korea |
$259 million |
$612 million |
|
Turkey |
$196 million |
$547 million |
|
United Kingdom |
— |
$188 million |
|
European Union |
$141 million |
$563 million |
Analysts note that the diversification of labor migration destinations and the digitalization of financial channels are enhancing the resilience of remittance flows, which remain a vital source of income for millions of families across Uzbekistan.
CentralasianLIGHT.org
March 19, 2026