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Uzbekistan

O'zbekiston Respublikasi

Last updated: 2026-03-28 (today)

Budget

note

note: central government revenues (excluding grants) and expenditures converted to US dollars at average official exchange rate for year indicated

revenues

$21.565 billion (2023 est.)

expenditures

$25.953 billion (2023 est.)

Exports

note

note: balance of payments - exports of goods and services in current dollars

Exports 2022

$20.966 billion (2022 est.)

Exports 2023

$25.05 billion (2023 est.)

Exports 2024

$26.173 billion (2024 est.)

Imports

note

note: balance of payments - imports of goods and services in current dollars

Imports 2022

$35.643 billion (2022 est.)

Imports 2023

$42.646 billion (2023 est.)

Imports 2024

$43.624 billion (2024 est.)

Industries

textiles, food processing, machine building, metallurgy, mining, hydrocarbon extraction, chemicals

Labor force

13.974 million (2024 est.)

note: number of people ages 15 or older who are employed or seeking work

Public debt

Public debt 2016

10.5% of GDP (2016 est.)

Remittances

note

note: personal transfers and compensation between resident and non-resident individuals/households/entities

Remittances 2022

17.2% of GDP (2022 est.)

Remittances 2023

13.8% of GDP (2023 est.)

Remittances 2024

14.4% of GDP (2024 est.)

Exchange rates

Currency

Uzbekistani soum (UZS) per US dollar -

Exchange rates 2020

10,054.261 (2020 est.)

Exchange rates 2021

10,609.464 (2021 est.)

Exchange rates 2022

11,050.145 (2022 est.)

Exchange rates 2023

11,734.833 (2023 est.)

Exchange rates 2024

12,652.287 (2024 est.)

Debt - external

note

note: present value of external debt in current US dollars

Debt - external 2023

$25.714 billion (2023 est.)

Economic overview

lower-middle income Central Asian economy; key exporter of natural gas, cotton, and gold; ongoing reform efforts to reduce state-owned sector dominance, attract foreign investment, and improve sustainability of cotton production

Unemployment rate

note

note: % of labor force seeking employment

Unemployment rate 2022

4.5% (2022 est.)

Unemployment rate 2023

4.5% (2023 est.)

Unemployment rate 2024

4.5% (2024 est.)

Exports - partners

Switzerland 34%, Russia 12%, UK 11%, China 7%, Turkey 6% (2023)

note: top five export partners based on percentage share of exports

Imports - partners

China 32%, Russia 17%, Kazakhstan 8%, S. Korea 6%, Turkey 5% (2023)

note: top five import partners based on percentage share of imports

Real GDP per capita

note

note: data in 2021 dollars

Real GDP per capita 2022

$9,600 (2022 est.)

Real GDP per capita 2023

$10,000 (2023 est.)

Real GDP per capita 2024

$10,500 (2024 est.)

Real GDP growth rate

note

note: annual GDP % growth based on constant local currency

Real GDP growth rate 2022

6% (2022 est.)

Real GDP growth rate 2023

6.3% (2023 est.)

Real GDP growth rate 2024

6.5% (2024 est.)

Agricultural products

milk, wheat, cotton, potatoes, carrots/turnips, tomatoes, grapes, watermelons, vegetables, apples (2023)

note: top ten agricultural products based on tonnage

Exports - commodities

gold, cotton yarn, garments, fertilizers, fabric (2023)

note: top five export commodities based on value in dollars

Imports - commodities

cars, vehicle parts/accessories, packaged medicine, refined petroleum, aircraft (2023)

note: top five import commodities based on value in dollars

Current account balance

note

note: balance of payments - net trade and primary/secondary income in current dollars

Current account balance 2022

-$2.847 billion (2022 est.)

Current account balance 2023

-$7.799 billion (2023 est.)

Current account balance 2024

-$5.738 billion (2024 est.)

Taxes and other revenues

11.5% (of GDP) (2023 est.)

note: central government tax revenue as a % of GDP

GDP (official exchange rate)

$114.965 billion (2024 est.)

note: data in current dollars at official exchange rate

GDP - composition, by end use

note

note: figures may not total 100% due to rounding or gaps in data collection

household consumption

68% (2024 est.)

government consumption

13.9% (2024 est.)

investment in inventories

-3.8% (2024 est.)

investment in fixed capital

37.1% (2024 est.)

exports of goods and services

22.8% (2024 est.)

imports of goods and services

-38% (2024 est.)

Population below poverty line

11% (2023 est.)

note: % of population with income below national poverty line

Average household expenditures

on food

46.3% of household expenditures (2023 est.)

on alcohol and tobacco

3.2% of household expenditures (2023 est.)

Inflation rate (consumer prices)

note

note: annual % change based on consumer prices

Inflation rate (consumer prices) 2022

11.4% (2022 est.)

Inflation rate (consumer prices) 2023

10% (2023 est.)

Inflation rate (consumer prices) 2024

9.6% (2024 est.)

Industrial production growth rate

7.2% (2024 est.)

note: annual % change in industrial value added based on constant local currency

Real GDP (purchasing power parity)

note

note: data in 2021 dollars

Real GDP (purchasing power parity) 2022

$335.678 billion (2022 est.)

Real GDP (purchasing power parity) 2023

$356.797 billion (2023 est.)

Real GDP (purchasing power parity) 2024

$379.989 billion (2024 est.)

Youth unemployment rate (ages 15-24)

male

7.2% (2024 est.)

note

note: % of labor force ages 15-24 seeking employment

total

10.9% (2024 est.)

female

18.1% (2024 est.)

Reserves of foreign exchange and gold

note

note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars

Reserves of foreign exchange and gold 2022

$35.774 billion (2022 est.)

Reserves of foreign exchange and gold 2023

$34.558 billion (2023 est.)

Reserves of foreign exchange and gold 2024

$41.237 billion (2024 est.)

GDP - composition, by sector of origin

note

note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

industry

31.8% (2024 est.)

services

45.2% (2024 est.)

agriculture

18.3% (2024 est.)

Household income or consumption by percentage share

note

note: % share of income accruing to lowest and highest 10% of population

lowest 10%

2.1% (2023 est.)

highest 10%

25.3% (2023 est.)

Gini Index coefficient - distribution of family income

note

note: index (0-100) of income distribution; higher values represent greater inequality

Gini Index coefficient - distribution of family income 2023

34.5 (2023 est.)