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Uzbekistan Sees Spike in Labor Migrant Remittances

Forget gas and coal and cotton. Labor migrants are Uzbekistan's number-one export. And new data show their earnings jumped in 2012.  

Russia’s Central Bank says migrant labor remittances sent from Russia to Uzbekistan totaled $5.7 billion in 2012, up 32.6 percent over 2011, when the figure was $4.3 billion. With Uzbekistan's 2012 GDP worth $35 billion (that's the official sum figure converted on the black market), remittances from Russia alone account for the equivalent of 16.3 percent of the economy (if you’re using Tashkent’s official exchange rate, they’re equivalent to 12 percent of GDP).

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Uzbekistan Sees Spike in Labor Migrant Remittances

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