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Mirziyoyev sets $300bn GDP target for Uzbekistan by 2030

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Mirziyoyev sets $300bn GDP target for Uzbekistan by 2030

President Shavkat Mirziyoyev announced on August 28 that Uzbekistan aims to reach a GDP of $300 billion by 2030. The target was unveiled at a ceremony marking the 35th anniversary of independence. The government also plans to attract $450 billion in foreign investment over the next decade.

Key Facts

  • Uzbekistan's GDP is targeted to reach $300 billion by 2030, President Shavkat Mirziyoyev announced on August 28.
  • The government plans to attract $450 billion in foreign investment over the next 10 years.
  • GDP per capita is projected to exceed $10,000 within the next decade.
  • The poverty rate has fallen from 35% in 2017 to 4%, according to Mirziyoyev.
  • Uzbekistan's economy is expected to reach $180 billion by the end of 2026.

New GDP Target

President Shavkat Mirziyoyev announced a new economic goal of $300 billion GDP by 2030 during the 35th anniversary of independence ceremony on August 28. The previous target of $240 billion was set in December 2025, and the original 2030 strategy had aimed for $160 billion. Mirziyoyev stated that the $160 billion target will be exceeded this year, placing Uzbekistan among countries with above-average income. The economy is expected to reach $180 billion by the end of 2026.

Investment and Industrial Plans

The government plans to attract $450 billion in foreign investment over the next decade. Annual foreign investment has grown from $2–3 billion to $40–50 billion, according to Mirziyoyev. The economic program includes creating 2 million high-income jobs in industry. Startups, venture financing, and artificial intelligence will be priority areas for youth development.

Social and Sectoral Programs

Healthcare spending will reach 5% of GDP within five years, with state medical insurance introduced for all households. At least five prestigious world clinics will be attracted to Uzbekistan. The poverty rate has decreased from 35% in 2017 to 4% through the 'mahallabay' system. Environmental plans include water-saving technologies on 100% of sown areas within five years and increasing urban greening to 30%.