Uzbekistan's economy accelerated significantly in 2025: according to the Eurasian Development Bank, GDP grew by 7.7% against 6.7% the previous year. At the same time, inflation decreased to 7.3%, and at the beginning of 2026 — to 7.2%, which became the minimum value in the last 9 years. Against the background of high export revenues and growth of remittances, the national currency also strengthened.
The main drivers were domestic demand and the service sector: retail trade added 14.7%, services — 14.8%, construction — 14.2%. Industry grew by 6.8%, with processing industries showing a higher rate — 7.1%, which reflects the ongoing industrialization. Investments in fixed capital increased by 10.5%, and the inflow of direct foreign investments soared by almost 47%.
In 2026, the economy maintains a high pace: already in January, industry grew by 7.8%, and trade — by 14.7%. The Central Bank keeps the rate at 14%, maintaining a tight monetary policy, but as inflation decreases, a transition to its easing is possible. Analysts expect that by the end of the year, GDP growth will be about 6.7%.