EBRD Projects 6.7% Economic Growth for Uzbekistan in 2025

The European Bank for Reconstruction and Development (EBRD) forecasts Uzbekistan’s economy to expand by 6.7% in 2025, followed by a 6% growth rate in 2026.

The positive outlook is driven by robust domestic demand, increasing wages, and a steady flow of remittances, The Caspian Post reports, citing Uzbek media.

Across Central Asia, other countries are also expected to see strong economic performance this year. Kyrgyzstan leads the region with an anticipated 9% growth, followed by Tajikistan at 7.5%, Turkmenistan at 6.3%, and Kazakhstan at 5.7%.

The EBRD forecasts that the economies of Central Asia’s five countries plus Mongolia will grow by an average of 6.1 percent in 2025. This is stated in the Bank’s newly released “Regional Economic Prospects” report.

The report notes that growth will be supported by industrial production, robust domestic demand, investment, higher real wages and an increase in remittances sent by migrant workers.

Positive trends are expected to continue in 2026, though the growth rate may slow to 5.2 percent.

According to the EBRD, Uzbekistan’s economy accelerated in the first half of this year, expanding by 7.2 percent. Growth in the services sector reached 8.2 percent. Such high growth was driven by strong domestic demand, rising real wages and a 28.7 percent increase in remittances.

The Bank also reported improvements in Uzbekistan’s industrial indicators during the reporting period, supported by increased food and metallurgy output. Weakness in natural gas production was offset by high global gold prices.

The EBRD projects Uzbekistan’s economy to grow by 6.7 percent in 2025 and 6 percent in 2026. This expansion will be underpinned by robust domestic consumption and investment, as well as the steady diversification of production, supported by foreign investment.