Invest Uzbekistan

Why Uzbekistan

Uzbekistan's economy is one of the fastest growing in Central Asia

GDP grew 7.7% in 2025 — up from 6.7% in 2024 — and nominal output reached about $147 billion, placing Uzbekistan among the world's 60 largest economies. Rapid urbanisation, favourable demographics and rising domestic demand make it one of the region's most dynamic consumer markets.

Key economic indicators · 2025

  • ~$197 bn

    Nominal GDP

    IMF, 2025

  • 7,7%

    Real GDP growth

    2024: 6,7%

  • 7,3%

    Inflation, end of 2025

    Lowest in 9 years

  • 4,8%

    Unemployment rate

    IMF, 2025 — record low

  • $43,1 bn

    Foreign investment inflow

    +24% YoY

  • $81,2 bn

    Foreign trade turnover

    +20,7% YoY

  • 38,2 m

    Population

    January 2026, Statistics Agency

  • 18 164

    Companies with foreign capital

    January 2026

Structure of the economy · 2025

The economy keeps diversifying — services now account for more than half of gross value added.

  • Services90%
  • Industry26,8%
  • Agriculture17,3%
  • Construction7,3%

  • +9,2%

    Private consumption

  • +10,5%

    Total investment

  • 31,9%

    Investment share of GDP

  • +17%

    Formal employment, YoY

What drives growth

  • Macro stability and the labour market

    Macroeconomic policy is focused on stability and predictability. Unemployment fell to 4,8% — a record low — driven by growth in formal employment (+17% YoY) and an expanding private sector. The population reached 38,2 million, with a median age of just 27.

  • Foreign trade and exports

    Foreign trade turnover passed $81,2 billion in 2025 and exports reached $33,8 billion — up 24% YoY — on gold, agriculture, energy and processing. Policy is aimed at export-oriented manufacturing and integration into global value chains.

  • Foreign direct investment

    Total foreign investment attracted reached $43,1 billion (+24% YoY), and the number of companies with foreign capital hit 18 164 — almost double the figure five years ago. Investors focus on manufacturing, energy, mining and digital infrastructure.

Key sources for investors

Official national and international sources

All indicators are based on data from the IMF, the World Bank and the Statistics Agency under the President of the Republic of Uzbekistan.