Remittances to Uzbekistan jump nearly 19% in Q3

The regulator attributed the growth primarily to relatively stable exchange rates in migrant-hosting countries, rising wages, and strong economic activity. These factors, the Central Bank said, have supported sustained remittance inflows during the period.

In the third quarter, transfers from the Baltic states and other regions, excluding the United States, Russia, Europe, and Asia, grew faster than those from other destinations. In particular, remittances from these regions rose by 40%. At the same time, growth in transfers from Europe, Russia, and Asian countries continued to slow.

The Central Bank noted that recent trends in external labor markets, especially in Russia, Europe, and the Baltic states, along with rising demand for labor, have played a significant role in shaping current remittance dynamics. This, in turn, points to a gradual diversification of migration destinations.

In recent years, the expansion of migration routes has been most evident toward countries in Asia, Europe, and the United States. As of October 1, 2025, the number of Uzbek residents in South Korea increased by 0.4% compared with the beginning of the year, reaching 95,300 people.