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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 8020.80
9348 10794 12464 14393 25588
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Annual Growth Rate 5.30
percent
5.5 4.9 5.5 5.5 4.8
GDP 67.22
USD Billion
68.05 67.42 82.91 58.8 54.6
Gross Fixed Capital Formation 60719.20
UZS Billion
28594 41869 56485 42106 64609
GDP per capita 1961.50
USD
2004 2248 2062 2332 2403
GDP per capita PPP 6038.90
USD
6150 6239 6327 6996 7119
Gdp Constant Prices 249136.40
UZS Billion
110405 180109 227560 181130 260289
Gdp From Agriculture 69504.20
UZS Billion
25857 48920 55291 49197 63244
Gdp From Construction 34060.80
UZS Billion
17532 26662 33411 26813 38217
Gdp From Services 116795.70
UZS Billion
52495 81809 103881 82272 118822
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 7.20
percent
8.5 7.37 8.5 6.8 7.9
Unemployed Persons 837.00
Thousand
725 743 761 733 455
Population 32.70
Million
32.42 32.49 32.55 32.68 34.42
Employed Persons 13520.00
Thousand
13610 13667 13724 13769 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 1600 1700
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 14.40
percent
5.3 5.3 5.3 4.8 3.8
Food Inflation 15.90
percent
3.5 3.5 3.5 4 5.5
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 14.00
percent
10 10 10 10 8
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade 945.50
USD Million
323 708 2537 1815 3761
Exports 13953.00
USD Million
12510 12333 12157 12133 9011
Imports 13008.30
USD Million
12187 11626 11064 10318 5250
Current Account 1429.00
USD Million
189 221 254 263 354
Current Account to GDP 1.36
percent
1.2 1.2 1.2 2 2.3
Crude Oil Production 42.00
BBL/D/1K
46.83 47.99 49.09 50.14 58.92
Terrorism Index 0.08
0.5 0.5 0.51 0.57 1.31
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 14.10
percent
16 16 16 15 13
Government Budget -3.00
percent of GDP
-0.04 -0.08 -0.12 -0.14 -0.4
Government Spending 16979500.00
UZS Million
18252963 17981291 19384646 18083168 22172701
Government Budget Value 42.70
UZS Billion
109 188 336 42.97 332
Government Revenues 14163.20
UZS Billion
21472 34517 49505 13706 48494
Fiscal Expenditure 14120.50
UZS Billion
21363 34329 49168 13663 48162
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Industrial Production 5.60
percent
8.28 9.49 10.23 10.65 15.53
Internet Speed 5925.44
KBps
5810 5720 5632 5545 4675
IP Addresses 89705.00
IP
93167 92770 92199 91535 80593
Ease of Doing Business 74.00
85 82 79 80 92
Corruption Index 22.00
Points
22 22 22 22 20
Corruption Rank 157.00
155 155 155 155 151
Steel Production 60.00
Thousand Tonnes
55.63 56.25 56.23 56.17 56.18
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Retail Sales YoY 2.40
percent
8.15 11.02 12.9 13.86 13.32
Consumer Spending 54399700.00
UZS Million
58479678 57609282 62105418 57935681 71037915
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Corporate Tax Rate 7.50
percent
7.5 7.5 7.5 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
32 32 32 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 6.59 5.52
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Precipitation 20.39
mm
19.18 2.35 16.55 25.52 16.24
Temperature 2.68
celsius
19.9 24.36 4.84 0.2 12.58