Annual value of outgoing and incoming remittance flow in Uzbekistan 2021, by country
Remittances from and towards Uzbekistan in 2021 largely relied on Russia, especially with regards to remittance inflow. This is according to a ranking that attempts to map out the flow of such money transfers. Remittances refer to cross-border payments to family or friends and are often associated with migrant workers sending money back home to friends or relatives back in their communities of origin. It is estimated that about one in seven people worldwide are involved with remittances - substantially impacting payment behavior in, especially, Asia and Latin America. For Uzbekistan, the top five recipient countries for remittances in 2021 included Russia, Ukraine, Germany, Tajikistan, and Azerbaijan. The source stated that all remittances received in Uzbekistan came from Russia.