Uzbekistan | Economic Forecasts | 2017-2020 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 Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 3900.00 3930 3970 4090 4050 4670 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Annual Growth Rate 7.80 7.6 7.7 7.6 7.6 6.8 percent [+]
GDP 66.73 66.6 69.84 74 70.96 77.6 USD Billion [+]
Gross Fixed Capital Formation 49476.80 21153 34767 49490 11619 48954 UZS Billion [+]
GDP per capita 1856.72 1898 1924 1951 1973 2229 USD [+]
GDP per capita PPP 5716.39 5868 5950 6032 6112 7207 USD [+]
Gdp Constant Prices 199325.10 80436 138125 198788 47655 195918 UZS Billion [+]
Gdp From Agriculture 48431.10 24851 24809 24807 24807 24807 UZS Billion [+]
Gdp From Construction 29265.80 20063 20057 20057 20057 20057 [+]
Gdp From Services 90991.70 69816 68773 68514 68450 68428 UZS Billion [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 8.90 8.7 8.7 8.7 8.5 7.9 percent [+]
Unemployed Persons 149.00 394 394 394 394 394 Thousand [+]
Population 32.12 32.48 32.6 32.71 32.86 34.49 Million [+]
Retirement Age Men 60.00 60 60 60 60 60 [+]
Retirement Age Women 55.00 55 55 55 55 55 [+]
Wages 1549.60 1416 1453 1490 1478 1344 UZS Thousand/Month [+]
Employed Persons 13058.30 13204 13253 13303 13360 14235 Thousand [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 5.70 6.5 6.3 6.2 5.3 3.8 percent [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 9.00 9 9 8.5 8.5 6.75 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade 455.00 506 528 531 536 592 USD Million [+]
Exports 12871.00 12992 12993 12992 12992 12992 USD Million [+]
Imports 12416.00 11206 11107 11037 10971 10731 USD Million [+]
Current Account 159.00 136 136 136 250 210 USD Million [+]
Current Account to GDP 0.30 0.28 0.12 -0.04 0 -0.5 percent [+]
Terrorism Index 0.15 0.02 0 0 -0.04 -0.44 [+]
Crude Oil Production 48.00 47.87 48.1 47.91 47.92 47.95 BBL/D/1K [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 11.60 17 17 17 8.37 13 percent [+]
Government Budget -0.10 0 -0.03 -0.06 -0.07 -0.19 percent of GDP [+]
Government Spending 5454321.46 5456747 5478717 5500687 5472900 5286837 UZS Million [+]
Government Budget Value 42.10 46.1 58.32 87.97 55.33 64.26 UZS Billion [+]
Government Revenues 10245.50 24707 22879 23110 23081 23084 [+]
Fiscal Expenditure 10203.40 24625 22810 23039 23010 23013 [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Industrial Production 6.60 6.92 6.93 7.26 6.83 7.02 percent [+]
Steel Production 50.00 52.21 51.35 50.77 50.81 50.86 Thousand Tonnes [+]
Ease of Doing Business 87.00 86 88 89 89 90 [+]
Corruption Index 21.00 21 21 22 22 22 Points [+]
Corruption Rank 156.00 157 154 151 151 145 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Retail Sales YoY 14.40 14.49 14.4 14.33 14.28 14.3 percent [+]
Consumer Spending 19098243.28 19727837 19505549 19283260 19541923 21987956 UZS Million [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 7.50 7.58 7.41 7.24 7.19 6.9 percent [+]
Personal Income Tax Rate 23.00 23.51 23.77 24.03 24.03 24.73 percent [+]
Sales Tax Rate 20.00 20 20 20 20 20 percent [+]
Social Security Rate 32.00 31.93 31.63 31.33 31.2 30.23 percent [+]
Social Security Rate For Companies 25.00 25.02 25 24.98 24.98 24.98 percent [+]
Social Security Rate For Employees 7.00 7.29 7.22 7.16 7.19 7.47 percent [+]