EDB reports Uzbekistan GDP grew 7.7% in 2025 and 8.5% in H1 2026

AI digestMimile.ai EditorialAugust 29, 2026 at 10:32 AM

This digest was compiled by AI from multiple sources — links to the originals are below.

EDB reports Uzbekistan GDP grew 7.7% in 2025 and 8.5% in H1 2026

Uzbekistan's economy grew 7.7% in 2025 and accelerated to 8.5% in the first half of 2026, according to the Eurasian Development Bank. Retail trade rose 20.2%, fixed capital investment 17.5%, and market services 16.9% in January–June 2026. Inflation slowed to a historic low of 5.5% in May 2026.

Key Facts

Uzbekistan's GDP grew 7.7% in 2025 and 8.5% in the first half of 2026, according to the Eurasian Development Bank.
Retail trade rose 20.2%, fixed capital investment 17.5%, and market services 16.9% in January–June 2026.
Inflation reached a historic low of 5.5% in May 2026, approaching the 5% target.
Accumulated foreign direct investment from Eurasian and Asian countries reached $39.6 billion, up 2.5 times in five years.
China's investments grew fivefold to $11.5 billion, while Gulf countries' investments rose more than 20 times to $9.8 billion.

Growth Drivers

Consumer demand, investment, and services remain the main drivers of economic dynamics. Real household incomes increased by 9.2%, outpacing GDP growth. Industrial production rose 8% in the first half of 2026, with manufacturing accounting for 86.3% of total industrial output. The state industrial development program includes 782 industrial and infrastructure projects scheduled for launch in 2026.

Foreign Investment

China, Russia, Gulf countries, Turkey, and South Korea are the largest investors in Uzbekistan. Russia remains the second-largest investor with accumulated FDI of about $10 billion by the end of 2025. The share of foreign investment in the power sector rose from 2% in 2020 to 42% in 2025, reaching $16.6 billion. The EDB attributes this shift to active investment in renewable energy.

International Financing

International financial organizations approved $26.6 billion in investments in Uzbekistan over the past five years. Non-sovereign financing without government guarantees accounted for $7.6 billion of that total. The share of non-sovereign financing reached 30% and continues to grow.

2 sources

EDB reports Uzbekistan GDP grew 7.7% in 2025 and 8.5% in H1 2026

uzdaily.uz

UzDaily

podrobno.uz

Podrobno.uz

Finance

EDB raises Kyrgyzstan 2026 GDP growth forecast to 10.2%, inflation to 11.5%

The Eurasian Development Bank raised its 2026 GDP growth forecast for Kyrgyzstan to 10.2% from 9.3%. The bank also sharply increased its inflation outlook to 11.5% from 8.3%, citing higher global food and oil prices. The revised forecast was published in June 2026.

Business

Uzbekistan car output rises 9.4% in Jan-Jul, BYD production doubles

Uzbekistan's passenger car production reached 263,731 units in January-July 2026, up 9.4% from 241,109 a year earlier, the State Statistics Committee reported. BYD output more than doubled to 17,765 units from 8,601. Cobalt remained the top model at 91,140 units.

Finance

Tajikistan projects GDP growth of 8.8% by 2029, industrial output to 164.8 bln somoni

Tajikistan's government approved macroeconomic forecasts for 2027–2029, targeting GDP of nearly 291 billion somoni and annual growth of 8.4–8.8% by 2029. The decree, signed July 29, 2026, sets industrial output at 164.8 billion somoni and foreign direct investment at almost $1 billion per year. Russia and Tajikistan separately aim to increase bilateral trade 2.5-fold by 2030.

Finance

Kazakhstan-Uzbekistan trade rises 35% to $2.8 bln in H1 2026

Kazakhstan-Uzbekistan trade reached $2.8 billion in January-June 2026, up 35% year-on-year. Kazakh exports rose 39.5% to $2.1 billion, led by wheat and meslin shipments that nearly doubled to $571.6 million. Uzbekistan climbed from eighth to sixth among Kazakhstan's trading partners.

EDB reports Uzbekistan GDP grew 7.7% in 2025 and 8.5% in H1 2026

Key Facts

Growth Drivers

Foreign Investment

International Financing

Read more

Read more