Uzbekistan: economy

What is Uzbekistan's GDP growth rate?

Uzbekistan's GDP grew by 8.5% in real terms in January to June 2026 compared with the same period of 2025, according to preliminary data in the National Statistics Committee's socio-economic report for January-June 2026. GDP at current prices was 1,072.7 trillion soums. Industry grew by 8.0%, agriculture, forestry and fisheries by 4.7% and construction by 13.7%.

The committee reports growth for the cumulative period since January against the same months a year earlier, so the figure is not a quarterly or annualised rate. Its GDP release for January-March 2026 put first-quarter growth at 8.7%. Figures include estimates of the non-observed economy and are revised as fuller data come in.

Official sources: National Statistics Committee: Socio-economic situation, January-June 2026 (PDF) · National Statistics Committee: GDP, January-March 2026 (PDF)

What is the inflation rate in Uzbekistan?

Consumer prices in Uzbekistan rose by 6.4% in the year to September 2026, down from 8.0% a year earlier, according to the National Statistics Committee's CPI release for September 2026, published on 5 October. Prices rose 0.7% over the month and 4.2% since December 2025.

Excluding fruit and vegetables, annual inflation was 6.8%. The Central Bank targets inflation of 5% and says it aims to reach that target by the end of 2027. The Central Bank reported core inflation of 5.5% in August 2026. The committee also publishes the index by region and by spending category.

Official sources: National Statistics Committee: CPI, September 2026 (PDF) · Central Bank: Policy rate decision, 16 September 2026

What is the Central Bank of Uzbekistan's policy rate?

The Central Bank of Uzbekistan's policy rate is 14% a year. The Board kept it unchanged at its meeting on 16 September 2026, according to the Central Bank's press release. It said headline inflation had slowed to 6.2% in August, while a rising share of goods and services with price increases above 5% pointed to persistent price pressures.

The policy rate sets the terms of the Central Bank's money market operations, and the refinancing rate is kept equal to it. The policy rate page explains its role. The next Board meeting on the rate is scheduled for 28 October 2026.

Official sources: Central Bank: Policy rate decision, 16 September 2026 · Central Bank: Policy rate

How much does Uzbekistan export?

Uzbekistan's exports were 22.87 billion US dollars in January to August 2026, 3.4% less than in the same months of 2025, according to the National Statistics Committee's socio-economic report for January-August 2026. Imports rose by 16.3% to 34.54 billion dollars, so total foreign trade turnover reached 57.4 billion dollars.

Goods made up 62.6% of exports. The Central Bank's balance of payments review for the first half of 2026 says total exports fell mainly because of lower gold exports, while non-gold exports rose by 27% and services exports by 45%. Gold sales by the central bank can move the export total sharply from year to year.

Official sources: National Statistics Committee: Socio-economic situation, January-August 2026 (PDF) · Central Bank: Balance of payments review, H1 2026

What is Uzbekistan's current account and trade deficit?

Uzbekistan's current account deficit was about 6.2 billion US dollars in the first half of 2026, according to the Central Bank's review of the balance of payments. The trade balance in goods and services showed a deficit of 13.4 billion dollars, partly offset by surpluses of 1.9 billion on primary income and 5.3 billion on secondary income, which includes remittances from Uzbeks working abroad.

Total imports rose by 24% to 28.8 billion dollars, driven by machinery and equipment, vehicles, chemicals and food. Net foreign direct investment inflows were 2.3 billion dollars. The Central Bank compiles these figures to the IMF's balance of payments methodology, so they differ from the customs-based trade figures of the National Statistics Committee.

Official sources: Central Bank: Balance of payments review, H1 2026

What is Uzbekistan's GDP per capita?

Uzbekistan's GDP per person was 11.69 million soums in January to March 2026, 6.7% higher in real terms than a year earlier, according to the National Statistics Committee's GDP release of 27 April 2026. GDP in the quarter was 447.9 trillion soums at current prices.

The quarterly figure covers three months only, so it is roughly a quarter of the annual amount. Per-person growth is lower than total GDP growth because the population is growing. Converting to dollars depends on the exchange rate used: the Central Bank publishes official daily rates. The GDP deflator in the first quarter was 110.6%, meaning prices across the economy rose by 10.6% on a year earlier.

Official sources: National Statistics Committee: GDP, January-March 2026 (PDF)

How fast is Uzbekistan's economy growing?

In 2025, real GDP growth in Uzbekistan was 7.7%, according to the World Bank. The peak was 9.5% in 2007 and the low 1.6% in 2020. Across Europe & Central Asia the middle value was 2.1%, and Uzbekistan placed 4th highest of 49. Worldwide: 12th of 180.

What is GDP per capita in Uzbekistan?

According to the World Bank, GDP per person in Uzbekistan was $3,968 in 2025. No year since 2005 has been higher. Across Europe & Central Asia the middle value was $28,420, and Uzbekistan placed 47th highest of 49. Worldwide: 124th of 180.

What is Uzbekistan's GDP per person adjusted for prices?

$13,601 in international dollars: that is GDP per person at purchasing power parity in Uzbekistan for 2025, according to the World Bank. No year since 2005 has been higher. Across Europe & Central Asia the middle value was $50,946 in international dollars, and Uzbekistan placed 47th highest of 49. Worldwide: 111th of 179.

How much does Uzbekistan export?

The World Bank puts exports of goods and services in Uzbekistan at 22.0% of GDP in 2025. Since 2005 it has ranged from 10.9% of GDP (2016) to 41.2% of GDP (2008). Across Europe & Central Asia the middle value was 47.7% of GDP, and Uzbekistan placed 44th highest of 46. Worldwide: 101st of 133.

What is Uzbekistan's current account balance?

In 2025, the current account balance in Uzbekistan was -3.9% of GDP, according to the IMF, which is a deficit. Since 2005 it has ranged from -7.3% of GDP (2023) to 10.8% of GDP (2008). Europe & Central Asia median: -0.3% of GDP; Uzbekistan is 34th highest of 47. Worldwide: 96th of 132.

How much foreign investment does Uzbekistan receive?

According to the IMF, net inflows of foreign direct investment in Uzbekistan was 3.0% of GDP in 2025. Since 2005 it has ranged from 0.8% of GDP (2013) to 3.3% of GDP (2019). Across Europe & Central Asia the middle value was 1.9% of GDP, and Uzbekistan placed 14th highest of 49. Worldwide: 63rd of 179.

What are bank lending rates in Uzbekistan?

The latest figure from the IMF, for 2024, is 23.1%. The peak was 23.6% in 2019 and the low 13.5% in 2016. Across Europe & Central Asia the middle value was 8.9%, and Uzbekistan placed 1st highest of 21. Of 89 countries with 2024 data, 8th highest.