Uzbekistan economy
The Ministry of Economy and Finance raised the forecast from 6.6% to 8.1%; nominal GDP is expected to reach about $180 billion by year-end.
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As part of its 2027–2029 fiscal strategy, the Ministry of Economy and Finance raised its 2026 growth forecast from 6.6% to 8.1%. Nominal GDP is expected to reach 2,183 trillion soums, or about $180 billion, by year-end. Growth was 7.7% in 2025 and 8.7% in the first quarter of 2026.
The upgrade reflects higher gold prices, more tourists, faster growth in services exports and the relative stability of the soum. The forecast for market services was raised to 16.6%; industry is expected to grow 8%, construction 12.4% and agriculture 5%.
This year the plan is to produce 510,000 passenger cars, generate 93.3 billion kWh of electricity, attract 16 million foreign visitors and earn $5 billion from tourism exports. Expected average inflation was lowered to 6.5%, and unemployment is estimated at around 4.5%.
Uzbekistan economyIn the first eight months of 2026 foreign trade grew 7.6% to $57.4 billion. A programme of up to $5 billion with the AIIB, new logistics hubs and energy projects are opening up opportunities.
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Uzbekistan economyAs of 1 July, 20,502 foreign-invested companies were operating. Türkiye ranks third with 2,293 companies.
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Uzbekistan economyUnder the draft, foreign tour operators could sell packages to Uzbek citizens only through a licensed local operator or by setting up a legal entity in the country.
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