Name: Uzbekistan economy grows in 2025, driven by investment and exports
Uploaded: 2026-01-19T13:09:38.945Z
Duration: 2 min 49 s
Description: Uzbekistan’s GDP exceeded €133bn in 2025, supported by higher investment, rising exports, and growing domestic demand, while employment and household incomes continued to improve.

Uzbekistan’s GDP exceeded €133bn in 2025, supported by higher investment, rising exports, and growing domestic demand, while employment and household incomes continued to improve.

Tashkent

Uzbekistan's gross domestic product exceeded 130 billion euros in 2025, placing it among the world's 60 largest economies according to International Monetary Fund estimates. The country saw foreign investment inflows reach 40 billion euros, with exports increasing by 23 percent compared to the previous year, despite slower global trade growth. 

A series of economic reforms initiated since 2017 have contributed to this growth, focusing on market liberalization and transparency. International organizations have recognized these efforts, with credit rating agencies upgrading Uzbekistan's ratings and the United Nations highlighting the country's transition toward a market economy. Uzbekistan aims to further increase GDP to 230 billion euros and attract 166 billion euros in foreign investment by 2030.

Uzbekistan economy grows in 2025, driven by investment and exports

Uzbekistan's gross domestic product exceeded 130 billion euros in 2025, placing the country among the world's 60 largest economies, according to estimates from the International Monetary Fund, cited by President Shevket Mirzoyev in his year-end address. Foreign investment inflows reached 40 billion euros in 2025, while total investment accounted for about 32 percent of GDP. During the last year, export increased by 23 percent compared to 2024, reaching 31 billion euros despite slower global trade growth. GDP growth rate in 2025 expected to be at about 7.5 percent. The inflation rate in 2025 accounted for 7.3 percent. GDP per capita increased by more than two times if we compare with the statistics of 2016. There have been conducted a number of different economic reforms between 2017 and 2025 initiated by the President of Uzbekistan. These reforms touch different areas of economics, for example, openness, transparency, market liberalization, foreign currency exchange liberalization, and transformation of SOEs and SOBs. International organizations have noted Uzbekistan's economic performance. Fitch Ratings and S&P Global upgraded Uzbekistan's sovereign credit rating from BB- to BB, while Moody's revised its outlook from stable to positive. The United Nations highlighted that ongoing reforms since 2017 have transitioned Uzbekistan towards a market economy, aiming for upper-middle-income status by 2030. Uzbekistan plans to increase GDP to 230 billion euros by 2030. Over the next five years, the country plans to attract 166 billion euros in foreign investment and create one million higher-income jobs. These targets mark a major step in Uzbekistan's shift toward a more diversified, investment-driven economy with rising living standards.

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