Uzbekistan - Economic Forecasts - 2018-2020 Outlook

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.


MARKETS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 8183.32
9377 10809 12461 14365 25371
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Annual Growth Rate 5.30
percent
7.6 7.5 5.9 7.5 6.8
GDP 67.22
USD Billion
68.67 68.05 67.42 82.91 58.8
Gross Fixed Capital Formation 39536.10
UZS Billion
10654 26238 39288 48045 46726
GDP per capita 1961.50
USD
1970 1999 2027 2056 2254
GDP per capita PPP 6038.90
USD
6061 6150 6239 6327 6996
Gdp Constant Prices 170074.80
UZS Billion
45482 102612 170559 190374 182376
Gdp From Agriculture 46194.30
UZS Billion
5908 23645 46099 44082 40713
Gdp From Construction 25176.20
UZS Billion
7831 15839 24905 28432 27690
Gdp From Services 77250.80
UZS Billion
37711 42616 68970 84950 74579
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 5.80
percent
8.5 8.5 7.37 8.5 7.9
Unemployed Persons 837.00
Thousand
708 725 743 761 455
Population 32.12
Million
32.36 32.43 32.5 32.57 34.13
Employed Persons 13520.00
Thousand
13554 13610 13667 13724 14198
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 1518 1518 1518 1700
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 14.40
percent
5.3 5.3 5.3 5.3 3.8
Food Inflation 15.90
percent
3.5 3.5 3.5 3.5 5.5
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 14.00
percent
10 10 10 10 8
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade 945.50
USD Million
683 744 806 867 655
Exports 13953.00
USD Million
12686 12510 12333 12157 9011
Imports 13008.30
USD Million
12748 12187 11626 11064 5250
Current Account 159.00
USD Million
157 189 221 254 311
Current Account to GDP 1.36
percent
1.2 1.2 1.23 1.2 2.3
Crude Oil Production 47.00
BBL/D/1K
50.26 51.36 52.4 53.39 59.75
Terrorism Index 0.08
0.49 0.5 0.5 0.51 1.19
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 11.60
percent
16 16 12.5 16 13
Government Budget -0.10
percent of GDP
-0.01 -0.04 -0.08 -0.12 -0.34
Government Spending 16979500.00
UZS Million
9229900 12948807 16667715 20386622 15057154
Government Budget Value 339.80
UZS Billion
161 101 110 240 140
Government Revenues 49684.80
UZS Billion
12000 21472 34517 49505 48494
Fiscal Expenditure 49344.90
UZS Billion
11957 21363 34329 49168 48162
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Industrial Production 5.60
percent
8.28 8.28 9.49 10.23 15.53
Internet Speed 5925.44
KBps
5884 5810 5720 5632 4968
IP Addresses 89705.00
IP
93073 93167 92770 92199 84655
Ease of Doing Business 74.00
88 85 82 79 88
Corruption Index 21.00
Points
20 21 21 22 21
Corruption Rank 156.00
152 153 153 154 149
Steel Production 60.00
Thousand Tonnes
57.4 55.64 54.16 52.96 48.15
CONSUMER Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Retail Sales YoY 2.40
percent
4.94 8.15 11.02 12.9 13.32
Consumer Spending 54399700.00
UZS Million
28530315 38091404 47652494 57213584 56856482
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Corporate Tax Rate 7.50
percent
8 8 8 8 9
Personal Income Tax Rate 23.00
percent
23 23 23 23 24
Sales Tax Rate 20.00
percent
20 20 20 20 20
Social Security Rate 32.00
percent
31 31 31 31 30
Social Security Rate For Companies 25.00
percent
25.54 25.54 25.54 25.54 26.71
Social Security Rate For Employees 7.00
percent
6.87 6.87 6.87 6.87 5.52
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Precipitation 20.39
mm
25.47 19.18 2.35 16.55 16.24
Temperature 2.68
celsius
0.2 19.9 24.36 4.84 12.58