President Shavkat Mirziyoyev held an expanded meeting to review Uzbekistan’s economic performance in 2025 and outline plans for 2026, reports Gazeta.uz.
From January to September 2025, the economy grew by 7.6%, with industrial production up 6.8%, construction 14.2%, services 14%, and agriculture 4.1%. Foreign exchange reserves reached $55 billion, and international ratings improved: Fitch raised the country’s sovereign rating, while Moody’s and S&P upgraded their outlooks from “stable” to “positive.”
Household incomes increased by 18.4%, bank deposits by 35.3%, and average wages by 19.2%. For 2026, economic growth is projected at 6.6%, with GDP exceeding $150 billion and inflation expected to remain below 7%.
Key priorities include improving efficiency, reducing costs, developing the private sector, streamlining subsidies, enhancing competitiveness in strategic industries, accelerating international projects, and funding schools and healthcare.
The meeting also set the main directions for the 2026 State Budget, aimed at sustaining economic growth and improving living standards.
CentralasianLIGHT.org,
October 29, 2025