November 13, 12:00UzDaily

Uzbekistan adjusts GDP figures for the period 2017–2025

The National Statistical Committee of Uzbekistan announced a revision of the country's nominal GDP for 2025. According to the updated data, the nominal GDP amounted to 2,126.8 trillion soums, which is higher than the previously stated figure of 1,849.7 trillion soums. This revision followed a re-evaluation of annual and quarterly indicators for the period from 2017 to 2025.

The difference between the new and previous estimates reached 277.1 trillion soums, accounting for 15%. The basis for the adjustment was the results of the population census and agricultural census, as well as updated annual reports from enterprises and organizations, and improved statistical research.

The main goal of the revision was to more fully account for economic activity, include new data in the national accounts system, and ensure comparability of indicators across different years. Of the total increase in GDP by 277.1 trillion soums, 36.4 trillion soums (13.1%) were due to the results of the population census, and another 80.4 trillion soums (29%)—to the agricultural census.

The largest contribution to the revision came from updated statistical data on enterprises and organizations, amounting to 160.3 trillion soums, or 57.9%. The Committee emphasized that the 15% growth in nominal GDP does not imply an equivalent additional growth in real economic production.

According to the revised calculations, Uzbekistan's real economic growth in 2025 reached 7.8%, compared to the previous estimate of 7.7%. Thus, this adjustment reflects the refinement of earlier forecasts based on more detailed and comprehensive data, rather than an increase in the volume of goods and services produced during the year. The calculations were conducted in accordance with the standards of the United Nations System of National Accounts and recommendations of international experts.

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Uzbekistan raises 2025 GDP forecast by 15% after reviewing economic data

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podrobno.uzNovember 13, 18:25

Uzbekistan aims for GDP growth to $232 billion by 2027

President Shavkat Mirziyoyev held a meeting where the main directions of macroeconomic development and forecasts for Uzbekistan in 2027 were discussed. According to the presented calculations, the country's gross domestic product is expected to reach $232 billion in the specified year. Additionally, a goal was set to attract $65 billion in foreign investment.

At the meeting, it was noted that economic growth should be no less than 8 percent by the end of 2026. It is projected that the GDP will exceed the $200 billion mark, and per capita income will amount to $5,200. In the longer term, by 2030, the goal is to raise the GDP to $300 billion and increase per capita income to $10,000 over the next decade.

New Model of Economic Development

To maintain stable economic growth at a level of no less than 7 percent annually starting from 2027, a transition to a new development paradigm is planned. This model involves an emphasis on creating high value-added products, increasing labor efficiency, expanding export potential, and increasing the number of high-paying jobs.

The foundation of this new economic strategy must be an updated industrial policy. It includes attracting advanced technologies, integrating local enterprises into global production chains, and diversifying exports. Special attention is paid to developing a strategy for accelerated development in sectors such as chemical and petrochemical industries, mechanical engineering, electrical engineering, textile, and pharmaceutical industries.

In 2027, it is planned to attract at least two or three major international partners and companies with well-known brands to each promising industry. The creation of modern industrial zones, deepening production localization, and improving the technological level of enterprises are also provided for. Significant attention will be paid to developing new areas, including biotechnology, robotics, semiconductor technologies, as well as the production of batteries and high-tech components for electric vehicles.

To achieve these goals, it is planned to introduce additional mechanisms to attract global brands, support research and development activities, and develop competitive domestic producers. Among other priorities are the transformation of state banks and enterprises, accelerating the privatization process, modernizing transport and energy infrastructure, developing human capital, and completing Uzbekistan's accession to the World Trade Organization.

According to forecasts, Uzbekistan's exports, excluding gold, should approach $40 billion in 2027. It is planned to reduce the inflation rate to 6 percent in 2027, and then to 5 percent during the 2028-2029 period. Responsible parties have been instructed to prepare detailed plans for attracting $65 billion in foreign investment next year, with a clear distribution across regions and industries.

uzdaily.uzNovember 5, 09:50

GDP per capita in Uzbekistan grew by 6.4% to reach 44.7 million soms

Uzbekistan's gross domestic product (GDP) per capita for the period from January to September 2026 was 44.7 million soms, demonstrating a real growth of 6.4% compared to the same period last year.

According to preliminary data from the National Statistical Committee, the GDP per capita reached the mark of 44,692,300 soms.

The highest gross regional product (GRP) per capita was recorded in Navoi region, where it amounted to 140,042,600 soms. Tashkent followed, showing 114,477,700 soms.

Other regional GRP per capita figures include 47,612,700 soms in Tashkent region, 36,707,900 soms in Bukhara region, 34,166,900 soms in Syrdarya region, and 33,869,600 soms in Jizzakh region.

The following figures were recorded for other regions: 26,816,200 soms in Samarkand region, 26,760,400 soms in Khorezm region, 26,293,400 soms in Andijan region, 24,874,000 soms in Kashkadarya region, 24,472,300 soms in Fergana region, and 24,349,900 soms in Namangan region.

In the Karakalpakstan Republic, the GRP per capita was 23,547,400 soms, while in Surkhandarya region this indicator reached 21,609,100 soms. The difference between the highest and lowest regional indicators exceeded six times.