Global Macro Expert
Beta Siller Advisory

Macro

Uzbekistan

Europe & Central Asia · Lower middle income · IMF WEO April 2026 · World Bank WDI

GDP▲ 21.2%
Current prices2025
147USD bn
GDP per capita▲ 19.0%
Current prices2025
3,846USD
Real GDP growth▲ 1.0 pp
Annual change2025
7.7%
Inflation▼ 0.8 pp
Average consumer prices2025
8.8%
Unemployment▼ 0.8 pp
Rate2025
4.8%
Government debt▼ 2.4 pp
General government, gross2025
28.6% of GDP
Current account▲ 0.8 pp
Balance2025
-3.9% of GDP
Population▲ 1.8%
Total2025
38.24million

Real GDP growth, %

Since 1995 · lighter bars = IMF projection
-0.90.09.51995: -0.9%1996: 1.7%1997: 5.2%1998: 4.3%1999: 4.3%2000: 3.8%2001: 4.2%2002: 4.0%2003: 4.2%2004: 7.4%2005: 7.0%2006: 7.5%2007: 9.5%2008: 9.0%2009: 8.1%2010: 7.7%2011: 8.1%2012: 7.4%2013: 7.9%2014: 7.7%2015: 7.9%2016: 6.7%2017: 4.7%2018: 5.7%2019: 6.8%2020: 1.6%2021: 8.2%2022: 6.1%2023: 6.3%2024: 6.7%2025: 7.7%2026: 6.5% (IMF projection)2027: 5.9% (IMF projection)2028: 5.8% (IMF projection)2029: 5.8% (IMF projection)2030: 5.7% (IMF projection)2031: 5.7% (IMF projection)IMF projection19952000200520102015202020252030

Inflation, %

Average consumer prices · lighter bars = IMF projection
0.03051995: 304.6%1996: 54.0%1997: 70.9%1998: 29.0%1999: 29.1%2000: 25.0%2001: 27.3%2002: 27.3%2003: 12.5%2004: 7.3%2005: 10.7%2006: 13.1%2007: 11.2%2008: 13.1%2009: 12.3%2010: 12.3%2011: 12.4%2012: 11.9%2013: 11.7%2014: 9.1%2015: 8.5%2016: 8.8%2017: 13.9%2018: 17.5%2019: 14.5%2020: 12.9%2021: 10.8%2022: 11.4%2023: 10.0%2024: 9.6%2025: 8.8%2026: 7.0% (IMF projection)2027: 5.6% (IMF projection)2028: 5.0% (IMF projection)2029: 5.0% (IMF projection)2030: 5.0% (IMF projection)2031: 5.0% (IMF projection)IMF projection19952000200520102015202020252030

IMF outlook

IMF World Economic Outlook April 2026 · italics = IMF projection
Indicator2021202220232024202520262027202820292030
Real GDP growth %8.26.16.36.77.76.55.95.85.85.7
Inflation, average consumer prices %10.811.410.09.68.87.05.65.05.05.0
Unemployment rate %9.68.96.85.54.84.33.83.53.23.0
GDP, current prices USD bn8194108121147182203225248273
GDP per capita, current prices USD2,3012,6182,9223,2323,8464,6615,1205,5666,0346,526
GDP per capita, PPP Int. USD9,42310,48311,31412,12513,18514,17915,06215,89916,80317,757
General government gross debt % of GDP30.229.230.730.928.627.527.027.026.826.8
General government net lending/borrowing % of GDP-3.9-3.5-3.8-2.2-1.7-0.8-2.1-2.1-2.1-2.1
Current account balance % of GDP-6.0-3.0-7.3-4.7-3.9-1.3-3.4-3.7-4.1-4.2
Population million35.2736.0236.8037.5438.2438.9439.6640.4041.1441.90

Government debt, % of GDP

General government gross debt
0.040.42000: 27%2001: 40%2002: 37%2003: 28%2004: 24%2005: 19%2006: 12%2007: 9%2008: 8%2009: 7%2010: 6%2011: 6%2012: 6%2013: 6%2014: 5%2015: 6%2016: 7%2017: 17%2018: 17%2019: 24%2020: 32%2021: 30%2022: 29%2023: 31%2024: 31%2025: 29%2026: 27% (IMF projection)2027: 27% (IMF projection)2028: 27% (IMF projection)2029: 27% (IMF projection)2030: 27% (IMF projection)2031: 27% (IMF projection)IMF projection2000200520102015202020252030

Current account, % of GDP

Balance of payments
-7.30.08.02000: 2.9%2001: 1.1%2002: 2.1%2003: 4.6%2004: 5.1%2005: 5.8%2006: 7.3%2007: 5.8%2008: 8.0%2009: 3.8%2010: 4.1%2011: 4.1%2012: 1.6%2013: 1.6%2014: 2.3%2015: 0.9%2016: 0.2%2017: 2.1%2018: -5.9%2019: -4.8%2020: -4.3%2021: -6.0%2022: -3.0%2023: -7.3%2024: -4.7%2025: -3.9%2026: -1.3% (IMF projection)2027: -3.4% (IMF projection)2028: -3.7% (IMF projection)2029: -4.1% (IMF projection)2030: -4.2% (IMF projection)2031: -4.5% (IMF projection)IMF projection2000200520102015202020252030

Economic structure

Value added by sector, % of GDP · World Bank
AgricultureManufacturingOther industryServices
YearStructureAgricultureIndustryManufacturingServices
199528.024.1–34.7
200526.326.0–37.0
201525.824.013.342.2
202516.632.520.846.5

Income, trade and society

World Bank WDI · change over 10 years
IndicatorLatestUnitYear10Y change
GNI per capita, Atlas method3,670USD2025+15.8%
GNI, Atlas method136USD bn2025+39.7%
Exports of goods and services22.0% of GDP2025+9.9 pp
Imports of goods and services35.4% of GDP2025+20.4 pp
Life expectancy at birth72.5years2024+2.2%
Urban population51.0% of total2025+0.4 pp

Sources: IMF World Economic Outlook (April 2026; 2026 onwards are IMF projections) · World Bank World Development Indicators (CC BY 4.0)