This page has economic forecasts for Uzbekistan including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Uzbekistan economy.


Overview Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 7.20 7 6.8 6.8 6.8 6.5 percent
Inflation Rate 14.40 15.8 14.1 14.1 14.1 13.8 percent
Interest Rate 16.00 16 16 16 16 14 percent
Balance of Trade -2102.50 1100 1870 1870 1870 1800 USD Million
Government Debt to GDP 24.30 16 15 15 15 13 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 8266.25
8095 8116 8137 8158 8243
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate 4.90
percent
5 5.2 5.1 4.8 5.2
GDP 48.72
USD Billion
50 58.8 58.8 58.8 60
Gross Fixed Capital Formation 71068.10
UZS Billion
63755 17702 43342 43219 70357
GDP per capita 2031.05
USD
2126 2232 2232 2232 2288
GDP per capita PPP 6253.10
USD
6499 6662 6662 6662 6900
GDP Constant Prices 244343.70
UZS Billion
261593 68336 160313 159855 288681
GDP From Agriculture 59327.10
UZS Billion
72979 5808 37007 36901 80536
GDP From Construction 33652.90
UZS Billion
35764 3440 22690 22625 39467
GDP From Services 105244.80
UZS Billion
122635 33569 69958 69758 135334
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 7.20
percent
7 6.8 6.8 6.8 6.5
Unemployed Persons 837.00
Thousand
777 735 735 735 720
Population 32.70
Million
33.2 33.9 33.9 33.9 34.3
Employed Persons 13520.00
Thousand
13767 13990 13990 13990 14190
Retirement Age Men 60.00
60 60 60 60 60
Retirement Age Women 55.00
55 55 55 55 55
Wages 1453.20
UZS Thousand/Month
1518 1600 1600 1600 1700
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 14.40
percent
15.8 14.1 14.1 14.1 13.8
Food Inflation 15.90
percent
16.7 17.5 17.5 17.5 15.5
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 16.00
percent
16 16 16 16 14
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -2102.50
USD Million
1100 1870 1870 1870 1800
Exports 1675.90
USD Million
14700 14770 14770 14770 15100
Imports 3778.40
USD Million
13600 12900 12900 12900 13300
Current Account 1429.00
USD Million
778 -235 -235 -235 -360
Current Account to GDP 2.80
percent
-0.3 -1.2 -1.2 -1.2 -2.5
Crude Oil Production 41.00
BBL/D/1K
40 39 39 39 38
External Debt 16282526.00
USD Thousand
17558658 17906328 18253998 18601668 22591558
Terrorism Index 0.08
0.08 0.08 0.08 0.08 0.08
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 24.30
percent
16 15 15 15 13
Government Budget -3.00
percent of GDP
-2.3 -2.1 -2.1 -2.1 -1.7
Government Spending 16979500.00
UZS Million
17828475 17862434 17845455 17794516 19674578
Government Budget Value 57.20
UZS Billion
400 350 300 300 650
Government Revenues 54132.40
UZS Billion
51900 16250 26500 39100 55650
Fiscal Expenditure 54075.20
UZS Billion
51500 15900 26200 38800 55000
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Industrial Production 10.70
percent
11.1 11.4 11.7 11.2 8.5
Internet Speed 5925.44
KBps
8547 8879 9200 9518 12052
IP Addresses 89705.00
IP
99899 99884 101110 100905 103155
Ease of Doing Business 76.00
68 65 65 65 64
Corruption Index 22.00
Points
22 22 22 22 22
Corruption Rank 157.00
157 157 157 157 157
Steel Production 60.00
Thousand Tonnes
60 50 50 55 50
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Retail Sales YoY 4.10
percent
3.3 2.4 2.6 3.7 4.1
Consumer Spending 54399700.00
UZS Million
57119685 57228484 57174085 57010886 63034314
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Corporate Tax Rate 7.50
percent
7.5 7.5 7.5 7.5 7.5
Personal Income Tax Rate 23.00
percent
23 23 23 23 23
Sales Tax Rate 20.00
percent
20 20 20 20 20
Social Security Rate 32.00
percent
32 32 32 32 32
Social Security Rate For Companies 25.00
percent
25 25 25 25 25
Social Security Rate For Employees 7.00
percent
7 7 7 7 7
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Precipitation 20.39
mm
16.55 25.52 17.21 17.21 16.24
Temperature 2.68
celsius
4.84 0.2 21.66 14.98 12.58



Uzbekistan - Economic Forecasts - 2018-2020 Outlook