Labor migrants' remittances have reached a record high

In the second quarter of this year, labor migrants from Uzbekistan sent a record high amount of money back home. This was reported by Zamin.uz.

According to the "Labor Market Review" published by the Central Bank, a total of 4.8 billion dollars in remittances were sent to the country in the second quarter of 2025. This figure increased by 21.4 percent compared to the same period last year.

Additionally, it was noted that remittances also grew by 38.6 percent in the second quarter of 2024 [Central Bank]. Experts believe that this growth is mainly related to the stability of currencies in countries hosting labor migrants, higher wage levels, and increased economic activity.

In some regions, the volume of money transfers has increased at a much faster pace. In particular, remittances sent from the Baltic states and European countries have significantly increased.

For example, funds coming from the Baltic states increased by 65.6 percent compared to the same period last year. This indicates that Uzbek migrants in this region are directing additional funds to their homeland.

However, the growth rate of remittances sent from the USA, Russia, and European countries has slowed down somewhat. In the USA, this figure decreased by 10.3 percent, in Russia by 23.7 percent, and across Europe by 26.9 percent.

At the same time, funds sent from Asian countries remained stable. Changes in the external market and increased demand for labor migrants influenced the growth in remittance volumes.

This situation shows that the flow of Uzbek migrants is expanding into new directions and that their economic contribution to the homeland is significant. As experts emphasize, the high volume of remittances brings additional benefits to the national economy and plays an important role in improving the living conditions of families.

Furthermore, it ensures the stable growth of remittance volumes in the future and creates additional economic opportunities for migrants and their families. Source: Central Bank data.