Uzbekistan's Economy Grows Nearly 7% in First Half of 2025

Uzbekistan's economy grew by an estimated 6.7-6.8% in the first half of 2025, according to preliminary data from the Ministry of Economy and Finance.

Growth in the services sector alone reached 13.5%, The Caspian Post reports, citing Uzbek media.

Non-gold exports increased by 23%, with fruit and vegetable exports rising by 140%.

Remittances grew by 26%, while state budget revenues and expenditures increased by 28% and 13%, respectively.

From January to June 2025, gross domestic product (GDP) is projected to have grown by 6.7-6.8%. The ministry highlighted sector-specific figures:

• Industrial production: +6.3%
• Market services: +13.5%
• Agriculture: +4%
• Construction: +9.7%

Inflation stood at 4.2% compared to the beginning of the year (vs. 5.2% in the same period of 2024), with annual inflation at 8.7% (down from 10.6%).

The state budget received 144.2 trillion UZS in revenue - a 27.8% increase from the same period last year - while spending reached 173.3 trillion UZS, a 13.1% rise.

The Fund for Reconstruction and Development allocated a total of $1.6 billion in resources.