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2025: GDP growth by 20% to $145 billion
In 2025 GDP Uzbekistan , it reached $145 billion, which is a record result. The country's economy has been showing significant positive dynamics for five years. This was announced at the end of December 2025 by the President of the Republic Shavkat Mirziyoyev.
In 2020, Uzbekistan's GDP was approximately $66.4 billion. A year later, the figure reached $77.3 billion, and in 2022 increased to $90.1 billion. At the end of 2023, a value of $102.6 billion was recorded, in 2024 - more than $121 billion. Thus, in 2025, GDP jumped by 20% on an annualized basis.
{{quote 'Nine years ago, it seemed like a huge goal for us to bring the volume of the economy to $100 billion, we did not even know such figures. This year, our GDP for the first time in history exceeded $145 billion, - emphasizes Mirziyoyev
According to him, large-scale transformations have been underway in the country since 2016. In nine years, a new economy has been created, market relations and social protection have been expanded, and the results of reforms are felt "in every mahalla, in every house and in the daily life of every person." As noted, the country's economic growth has led to a tangible increase in living standards and a decrease in unemployment.
At the end of 2025, the volume of exports of Uzbekistan increased on an annualized basis by almost a quarter - by 23% - to $33.4 billion. Foreign investment in the country's economy reached $43.1 billion, which is almost 32% of GDP: the funds received, as Mirziyoyev says, will become the basis for sustainable accelerated economic growth in subsequent years. The gold and foreign exchange reserve of Uzbekistan exceeded $60 billion.
The Minister of Economy and Finance of Uzbekistan Jamshid Kuchkarov previously reported that GDP per capita in 2025 will reach $3,700. By 2030, the authorities intend to bring this figure to $5,000. For comparison, in 2024 the value was at the level of $3,100.[1]
2024
Industry, agriculture and construction account for 45.2% of Uzbekistan's GDP
Industry, agriculture and construction accounted for 45.2% in 2024. GDP Uzbekistan Relevant data are reflected in the study, the Kept results of which were published in October 2025.
The distribution of the republic's GDP by industry is as follows: the manufacturing industry accounted for 20.2%, agriculture, forestry and fisheries - 18.3%, construction - 6.7%.[2]
GDP growth by 6.5% to $115 billion
President of Uzbekistan Shavkat Mirziyoyev in mid-January 2025 reported an increase in the country's gross domestic product by 6.5% in 2024, reaching $115 billion, which is 0.5 percentage points higher than in 2023.
The volume of foreign investment in the economy of Uzbekistan increased 1.6 times to $34.9 billion. During 2024, 242 large and medium-sized projects were launched with a total value of $10 billion.
Presidential spokesman Sherzod Asadov published details of a conference call on his telegram channel, where the head of state noted the achievement of a record export level of $27 billion, which is a historic maximum for the country.
There are 589 enterprises operating in 22 free economic zones of the country, but only 18% of their products go to foreign markets. At the same time, 372 enterprises do not carry out export activities, which indicates a significant unused potential.
 | In 2024, gross domestic product increased by 6.5% and reached $115 billion, "said President of Uzbekistan Shavkat Mirziyoyev during a meeting on economic issues. |  |
Despite the overall growth of the economy, the investment plan in the textile industry is underfulfilled by $17 million. Investments in state-owned companies Uztransgaz and Uzmetkombinat have halved, which requires additional analysis and adjustment of the investment strategy.
The meeting also noted that only 16% of goods produced in the country belong to the category of high-tech. This indicates the need for further modernization of the production sector and the introduction of modern technologies.
For comparison, Uzbekistan's GDP at the end of 2023 amounted to $90.8 billion. Thus, the country's economy has shown significant growth, largely due to an increase in foreign investment and the development of export potential.[3]
2023: Up 6% to $90 billion
In 2023, the GDP of the Republic of Uzbekistan in current prices amounted to 1066.57 trillion sum. Growth compared to the previous year in real terms was recorded at 6%. When calculating in US dollars at the average exchange rate for the reporting period, nominal GDP is $90.87 billion. Such data in early March 2024 was published by the Statistics Agency of Uzbekistan.
The document says that the GDP deflator index in relation to 2022 prices amounted to 112.2%. In 2023, the sectors of agriculture, forestry and fisheries (plus 1% in relation to 2022), industry (plus 1.5%), construction (plus 0.4%) and the service sector (plus 2.6%) made a positive contribution to the growth of the republic's GDP. Thanks to the increase in net taxes on products, GDP increased by 0.5% year-on-year. Gross value added created by all sectors of the economy accounted for 94.5% of total GDP and increased by 5.9% compared to 2022. Net taxes on products in the GDP structure amounted to 5.5% - plus 7.4% on an annualized basis.
In the sectoral structure of Uzbekistan's GDP at the end of 2023, the share of the service sector amounted to 43.4% against 41.6% a year earlier. At the same time, the contribution of agriculture, forestry and fisheries decreased from 24.9% to 24.3%, industry - from 27.0% to 26.1%, construction - from 6.5% to 6.2%.
The average permanent population of Uzbekistan in 2023 amounted to 36.31 million people against 35.65 million in 2022. The report notes that in 2023, GDP per capita at current prices was recorded at 29.29 million soums, or $2495.6. A year earlier, this value was 25.15 million soums. According to estimates, in 2023, GDP growth per capita in real terms compared to 2022 amounted to 3.8%, and compared to 2019 - 13.2%.[4]
2021: GDP growth of 7.4%
in GDP Uzbekistan 2021, it grew by 7.4%. This was announced in mid-January 2022 by the President of the country Shavkat Mirziyoyev. According to him, the economy showed a tangible boost thanks to reforms, work done in mahallas, as well as the development of entrepreneurship.
Mirziyoyev cited data according to which 100 thousand new entrepreneurs began their work in the regions. The number of self-employed persons has reached 1.2 million. This is a good indicator that allows developing a strong business community in the country, reducing unemployment and migration outflow from Uzbekistan, said economist, head of the department of the Institute of CIS Countries Aza Migranyan.
| | Entrepreneurship is an unconditional competitive advantage of the Uzbek side, explains Migranyan. | |
She added that the industrial sector will take the lead. These are the automotive industry, oil and gas chemical sectors, nuclear power, as well as the processing of agricultural raw materials (cotton, fruits and vegetables).
In December 2021, at a meeting chaired by President Shavkat Mirziyoyev, it was reported that GDP growth in 2021 was 7%, industry - 9.5%, services - 9.5%, construction - 6%, agriculture - 4. The inflation rate was recorded below 10%.
The Ministry of Finance of Uzbekistan notes that the key factors in economic growth are the growth of the services, production and natural resources sectors, economic recovery of the main trading partners, investment programs and reforms of state enterprises.
The expert expects an increase in tax revenues as the "shadow" economy shrinks and the state of state enterprises improves. Foreign assets of the government and gold and foreign exchange reserves of the Central Bank are one of the factors supporting the fiscal and external position of the country.[5]
2020
Very low level of GDP per capita - $1.7 thousand.
Trade with Russia accounts for 9.7% of Uzbekistan's GDP
2019: Digital economy's share of GDP rises to 2.2%
GDP Uzbekistan According to the results of 2019, the share of the digital economy in 2.2% amounted to 10.9% against USA 10% in, China in and in the 5.5% century. India Information technologies are increasingly developing in the country, but the pace could be higher if not for a number of barriers.
Due to the weak digital infrastructure and lack of digital skills in the country, digital trade is developing at a weaker pace in Uzbekistan. For example, the decree of the President of Uzbekistan Shavkat Mirziyoyev notes that there is an insufficient level of online trade and trading platforms in the republic.
According to the presidential decree, by 2023 it is planned to double the share of the digital economy in Uzbekistan's GDP. To do this, according to the instructions of the head of state, they will modernize the digital infrastructure, introduce information and communication technologies in all spheres of life, and also develop digital entrepreneurship.
By the end of April 2020, Uzbekistan continues to widely implement the Electronic Government system, designed to ensure openness, transparency and efficiency in all areas, in particular, the provision of 178 services through the Unified Portal of Interactive Public Services, which saves time and reduces the costs of the population.
The construction of the Technological Park of Software Products and Information Technologies is underway. In 2020-2024, it is planned to organize branches of the technopark in 14 regions, triple the number of residents and increase the number of workers to 40 thousand.
In 2020-2021 , all medical institutions, schools, kindergartens and villages in Uzbekistan plan to connect to the fast Internet, and by 2023 the authorities want to increase the volume of local software exports to $100 million a year, and the share of electronic public services by 2022 - up to 60%.[6]
See also
Notes
- ↑ Uzbekistan's GDP in 2025 exceeded $145 billion - President
- ↑ Alternative types of fuel for freight transport: experience in implementation and evaluation of effects using the LNG example
- ↑ Uzbekistan's economy grew by 6.5% in 2024
- ↑ Production of the gross domestic product of the Republic of Uzbekistan for 2023
- ↑ President: "Uzbekistan's GDP in 2021 grew by 7.4%"
- ↑ Uzbekistan will develop a digital economy
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