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 Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 8035.00 7970 7890 7810 7728 6843 [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Annual Growth Rate 7.80 7.6 7.6 7.5 7.8 6.8 percent [+]
GDP 67.22 74 66.37 65.95 65.52 58.8 USD Billion [+]
Gross Fixed Capital Formation 26599.50 49056 10863 26081 34687 47710 UZS Billion [+]
GDP per capita 1961.50 2056 2076 2097 2117 2254 USD [+]
GDP per capita PPP 6038.90 6327 6395 6463 6531 6996 USD [+]
Gdp Constant Prices 102702.10 197348 46802 101169 137998 191404 UZS Billion [+]
Gdp From Agriculture 24052.70 47738 5895 23393 25300 45341 UZS Billion [+]
Gdp From Construction 16309.20 29088 7996 15777 20610 28289 [+]
Gdp From Services 48832.80 86643 37671 44697 50639 64519 UZS Billion [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 8.90 8.7 8.5 8.5 9 7.9 percent [+]
Unemployed Persons 149.00 394 394 394 394 394 Thousand [+]
Population 32.12 32.57 32.7 32.83 32.97 34.13 Million [+]
Retirement Age Men 60.00 60 60 60 60 60 [+]
Retirement Age Women 55.00 55 55 55 55 55 [+]
Wages 1549.60 1490 1478 1466 1454 1344 UZS Thousand/Month [+]
Employed Persons 13058.30 13281 13326 13371 13416 13797 Thousand [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 5.70 6.2 5.3 5.3 5.2 3.8 percent [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 14.00 14 10 10 10 8 percent [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade 48.00 350 442 438 430 548 USD Million [+]
Exports 12178.70 10442 10075 9734 9416 7375 USD Million [+]
Imports 12130.70 11119 10780 10427 10066 7210 USD Million [+]
Current Account 159.00 124 189 221 254 311 USD Million [+]
Current Account to GDP 1.36 0.8 1.2 1.2 0.49 2.3 percent [+]
Terrorism Index 0.15 0.6 0.69 0.78 0.88 1.59 [+]
Crude Oil Production 46.00 50.32 51.44 52.5 53.52 60.64 BBL/D/1K [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 11.60 17 16 16 13.55 13 percent [+]
Government Budget -0.10 -0.12 -0.14 -0.17 -0.19 -0.34 percent of GDP [+]
Government Spending 5454321.46 5407134 5361491 5315848 5270205 4740113 UZS Million [+]
Government Budget Value 108.20 144 103 120 131 147 UZS Billion [+]
Government Revenues 22458.90 40547 11264 22064 28506 39061 [+]
Fiscal Expenditure 22350.60 40451 11246 21943 28393 38969 [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Industrial Production 6.60 10.66 11.43 12.04 12.83 16.66 percent [+]
Steel Production 60.00 56.72 55 53.6 52.46 48.31 Thousand Tonnes [+]
Ease of Doing Business 87.00 93 95 96 97 106 [+]
Corruption Index 21.00 22 22 22 22 21 Points [+]
Corruption Rank 156.00 154 154 153 153 149 [+]
CONSUMER Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Retail Sales YoY 14.40 14.36 14.3 14.28 14.29 14.33 percent [+]
Consumer Spending 19098243.28 19755582 19888767 20021952 20155138 20785728 UZS Million [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Corporate Tax Rate 7.50 7.86 8.03 8.19 8.36 10.29 percent [+]
Personal Income Tax Rate 23.00 24.46 24.56 24.65 24.74 26.62 percent [+]
Sales Tax Rate 20.00 20 20 20 20 20 percent [+]
Social Security Rate 32.00 31.28 31.05 30.82 30.59 29.11 percent [+]
Social Security Rate For Companies 25.00 25.65 25.82 25.99 26.17 27.47 percent [+]
Social Security Rate For Employees 7.00 7.08 7.06 7.03 7 5.95 percent [+]