BISHKEK, Kyrgyzstan, September 22. Kyrgyzstan received a total of $317.7 million in remittances in July 2025, up 24 percent from $256.3 million a year earlier.
Data obtained by Trend from the latest report by the country's National Bank shows that most of the transfers — $298.4 million came from CIS (Commonwealth of Independent States) countries.
Remittances from all other nations combined accounted for just $19.3 million. This means CIS countries, driven overwhelmingly by Russia, are the source of approximately 94% of all money transfers into the country.
Outbound remittances have also increased. $41.3 million sent abroad in the same period, a 26 percent year-on-year increase. The primary destination for these funds was other CIS countries, which received $39.5 million. However, transfers to nations outside the CIS plummeted by 58 percent to just $1.8 million. This reduction can be explained by a significant drop in money sent to Türkiye from $3.9 million in July to just $1.5 million this July.
The remittances from Kyrgyz workers in other countries, mainly in Russia, have played an important role in Kyrgyzstan’s economy, representing a substantial portion of the country's GDP. Since the Russian invasion of Ukraine in 2022, the share of personal remittances in Kyrgyzstan’s GDP has decreased from 32 percent in 2021 to 25 percent in 2022, 13 percent in 2023, and 14 percent in 2024.
