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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 8033.00
8237 8673 9133 9617 11825
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 4.90
percent
5.2 5.5 5.5 4.8 4.8
GDP 48.72
USD Billion
50 50 58.8 58.8 60
Gross Fixed Capital Formation 41239.20
UZS Billion
41592 64059 17752 43219 70893
GDP per capita 2031.05
USD
2126 2126 2232 2232 2288
GDP per capita PPP 6253.10
USD
6499 6499 6662 6662 6900
Gdp Constant Prices 152533.40
UZS Billion
178919 262839 68531 159855 290881
Gdp From Agriculture 35210.80
UZS Billion
48596 73327 5825 36901 81150
Gdp From Construction 21588.80
UZS Billion
26485 35934 3450 22625 39768
Gdp From Services 66562.90
UZS Billion
81268 123219 33665 69758 136366
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 7.20
percent
7 7 6.8 6.8 6.5
Unemployed Persons 837.00
Thousand
777 777 735 735 720
Population 32.70
Million
33.2 33.2 33.9 33.9 34.3
Employed Persons 13520.00
Thousand
13767 13767 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 1518 1600 1600 1700
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 14.40
percent
15.8 15.8 14.1 14.1 13.8
Food Inflation 15.90
percent
16.7 16.7 17.5 17.5 15.5
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 14.00
percent
14 14 14 14 12
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade 945.50
USD Million
900 900 2200 2200 3400
Exports 13953.00
USD Million
14500 14500 15100 15100 15900
Imports 13008.30
USD Million
13600 13600 12900 12900 12500
Current Account 1429.00
USD Million
778 778 -235 -235 -360
Current Account to GDP 1.36
percent
1.2 1.2 0.8 0.8 1.3
Crude Oil Production 41.00
BBL/D/1K
41 40 39 39 38
Terrorism Index 0.08
0 0 0 0 0
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 14.10
percent
16 16 15 15 13
Government Budget -3.00
percent of GDP
-2.3 -2.3 -2.1 -2.1 -1.7
Government Spending 16979500.00
UZS Million
17862434 17913373 17913373 17794516 19824514
Government Budget Value 144.30
UZS Billion
500 400 350 300 650
Government Revenues 33161.50
UZS Billion
38100 51900 16250 26500 55650
Fiscal Expenditure 33017.20
UZS Billion
37600 51500 15900 26200 55000
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Industrial Production 10.70
percent
10.9 11.1 11.4 11.7 8.5
Internet Speed 5925.44
KBps
8195 8547 8879 9200 12052
IP Addresses 89705.00
IP
98569 99899 99884 101110 103155
Ease of Doing Business 74.00
68 68 65 65 64
Corruption Index 22.00
Points
23 23 25 25 26
Corruption Rank 157.00
159 159 161 161 162
Steel Production 60.00
Thousand Tonnes
60 60 50 50 50
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Retail Sales YoY 4.10
percent
2.8 3.3 2.4 2.6 4.1
Consumer Spending 54399700.00
UZS Million
57228484 57391684 57391684 57010886 63514687
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 7.50
percent
7.5 7.5 8 8 9
Personal Income Tax Rate 23.00
percent
23 23 23 23 22
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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 20.39
mm
2.35 16.55 25.52 17.21 16.24
Temperature 2.68
celsius
24.36 4.84 0.2 21.66 12.58