Uzbekistan is approaching 35 years of independence, demonstrating some of the highest rates of economic growth in the region. In 2025, the country's GDP increased by 7.7%, and in the first half of 2026, the pace of economic activity accelerated to 8.5%.
Support for Growth and Financial Indicators
According to the Eurasian Development Bank (EDB), economic growth is driven by an increase in consumer demand, the inflow of investments, and the development of the service sector. Retail trade showed an increase of 20.2%, fixed capital investment grew by 17.5%, and the volume of market services increased by 16.9%.
Concurrently, real citizen incomes rose by 9.2%, and inflation in May 2026 fell to a historic low of 5.5%. Industrial output for the first half of the year also increased by 8%.
Attracting Foreign Investment
The total volume of foreign direct investment received from Asian and Eurasian countries reached $39.6 billion, representing a fivefold increase over the last five years. Investments from China increased fivefold to $11.5 billion, while investments from Gulf countries increased by more than 20 times, reaching $9.8 billion. Russia ranks second among investors with an amount of about $10 billion.
The share of foreign investment in the power sector has significantly grown, increasing from 2% to 42%. Over the five-year period, multilateral financial organizations approved investments totaling $26.6 billion, with the share of non-sovereign financing reaching 30% and continuing to rise. The EDB forecasts sustained high growth rates in the medium term.
National Development Programs
Previously, President Shavkat Mirziyoyev presented the priorities of national programs aimed at developing areas such as healthcare, economy, ecology, the legal system, and the mahalla system. The economic strategy includes a plan to attract $450 billion in foreign investment over ten years, achieve a GDP of $300 billion by 2030, raise GDP per capita to over $10,000, and create two million high-paying jobs in industry.