Uzbekistan's gross domestic product increased by 7.7% in 2025, reaching 1,849.7 trillion soums (over $147 billion). This is according to preliminary data from the National Statistics Committee of Uzbekistan, according to Gazeta.uz.
This is significantly higher than the forecast of 6% (1,630 trillion soums).
Considering that the average US dollar exchange rate in 2025 is 12,575.9 soums, the size of the Uzbekistan economy reached $147.08 billion (the president previously reported that the figure exceeded $145 billion). In 2024, GDP is estimated at $115 billion.
GDP per capita has preliminarily increased to 48.4 million soums ($3,846).
The services sector contributed the most to GDP growth, expanding by 8.5% and contributing 3.9 percentage points to overall economic growth. Within these sectors, the highest growth rates were demonstrated by:
- Trade, accommodation, and food services – +12%;
- Transport, storage, information, and communications – +14.5%.
Industrial growth was recorded at 6.8%, contributing an estimated 1.7 percentage points to GDP growth.
Agriculture, forestry, and fisheries grew by 4.4% (+0.8 percentage points).
Construction volume increased by 14%, contributing 1 percentage point to GDP growth.
Net taxes on food products increased by 7.4%, contributing 0.3 percentage points to GDP growth.
Industry
Industrial growth is estimated at 6.8%, reaching 1,101.1 trillion soums (previously 6.8%).
Manufacturing accounted for 86% of total industrial production (up from 85.1%), mining for 7% (7.6%), and electricity and gas supply, steam, and air conditioning for 6.4% (6.8%).
Manufacturing growth was 7.7%, while the output of other finished goods nearly doubled, and the production of electrical equipment increased by 20.4%.
At the same time, a decline was recorded in oil and gas production (-3.8%) and chemical production (-7.5%).
Agriculture
The output of agriculture, forestry, and fisheries reached 538.9 trillion soums, an increase of 4.4%. This growth was driven, in particular, by increased production of:
- cotton — +25.4%,
- melons — +16.2%,
- grain — +13%,
- eggs — +7%. Approximately 62.3% of agricultural output was produced in dehkan and subsidiary farms (compared to 63.1%).
By the end of 2025, inflation in the consumer sector fell to 7.3% (within the forecast of 7-8%).
Investments in fixed assets increased by 10.5% to 591.1 trillion soums. The main source of growth was foreign direct investment, which increased by 46.9%. Its share of total investment reached 40.5%.
Construction volume increased by 14.2% over the year, reaching 313.9 trillion soums.
Retail turnover increased by 11.2% to 482.4 trillion soums, with small businesses accounting for almost 74% of sales.
Uzbekistan's foreign trade turnover in 2025 reached $81.2 billion (+20.7%). Exports grew by 24% to $33.8 billion, while imports increased by 18.5% to $47.4 billion.
The volume of market services provided increased by 14.7% to 1,050.3 trillion soums.
As of January 1, 2026, there were 474,900 enterprises and organizations operating in the country (up from 424,800), of which 403,800 (up from 358,100) were small businesses and micro-firms.
The number of companies with foreign capital increased by 22.1%, from 14,871 to 18,164.
CentralasianLIGHT.org
January 23, 2026