Country Report 2017 - Browse a full set of economic indicators

Uzbekistan

Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Uzbekistan economic outlook, debt to GDP ratio, international trade performance and population trends.

Basic Information

Government Type: Presidential republic; highly authoritarian

Capital City: Tashkent (Toshkent)

GDP & Economic Information

Macroeconomy & Sovereign Data

Central Bank Central Bank of the Republic of Uzbekistan
Currency Uzbekistani soum (UZS)
International Reserves N/A
Gross Domestic Product – GDP USD 41.2 billion (2018, estimate)
GDP (Purchasing Power Parity) Intl$ 250.3 billion (2018, estimate)

GDP Data

Real GDP growth 2014 8%
2015 7.9%
2016 9.8%
2017* 8.9%
2018* 5%

*Estimate
GDP per capita – current prices USD 1,262.9 (2018, estimate)
GDP per capita – PPP Intl$ 7,665.5 (2018, estimate)
GDP (PPP) – share of world total 0.19% (2019)
GDP – composition by sector agriculture: 28.8%
industry: 28.4%
services: 31.6%
(2016 estimate)
Gross domestic expenditure on R&D; (% of GDP) N/A
Inflation 2015 8.5%
2016 8.8%
2017 13.9%
2018* 17.5%
2019* 14.7%

*Estimate

Inflation & Debt

Inflation 2015 8.5%
2016 8.8%
2017 13.9%
2018* 17.5%
2019* 14.7%

*Estimate
Government Bond Ratings
Standard & Poor’s: BB–

Moody’s: B1

Standard & Poor’s / Moody’s (Updated January 2017)
Unemployment rate N/AN/A
Household saving rates N/A
Public debt (General government gross debt as a % of GDP) 2015 7.1%
2016 8.6%
2017 20.2%
2018* 20.6%
2019* 23.3%

*Estimate
Public deficit (General government net lending/borrowing as a % of GDP) 2015 1.1%
2016 1.6%
2017 1.8%
2018* 2.2%
2019* 0.6%

*Estimate
Market value of publicly traded shares N/A
Largest Companies N/A

Import/Export

Exports as percent of GDP (Exports of goods and services) 29.1% (2018)
Shares in world total merchandising export 0.06% (2018)
Shares in world total commercial services export 0.07% (2018)
Total exports USD 15.9 billion (2018 estimate)

Export commodities Energy products, cotton, gold, mineral fertilizers, ferrous and nonferrous metals, textiles, foodstuffs, machinery, automobiles
Total imports USD 19.0 billion (2018 estimate)
Import commodities Machinery and equipment, foodstuffs, chemicals, ferrous and nonferrous metals
Exports – major partners Switzerland 38.7%, China 15.5%, Russia 10.7%, Turkey 8.6%, Kazakhstan 7.7%, Afghanistan 4.7% (2017)
Imports – major partners China 23.7%, Russia 22.5%, Kazakhstan 10.7%, South Korea 9.8%, Turkey 5.8%, Germany 5.6% (2017)

Competitiveness & Trade

Current account balance USD 3.6 billion (2018 estimate)
Current account balance by percentage of GDP -7.1% (2018 estimate)
FDI inflows 2016 USD 134 million
2017 USD 98 million
2018 USD 412 million
FDI Outflows N/A
Value of cross-border M&A, by country of purchaser N/A


United Nations Conference on Trade and Development (UNCTAD) – World Investment Report
Cross-border M&A deals worth over $3 billion completed in 2014 N/A
Cross-border M&A deals worth over $3 billion completed in 2015 N/A
Best countries for doing business
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 69 out of 190 countries

Subcategories:

Starting a Business: 8 out of 190 countries

Dealing with Construction Permits: 132 out of 190 countries

Getting Electricity: 36 out of 190 countries

Registering Property: 72 out of 190 countries

Getting Credit: 67 out of 190 countries

Protecting Minority Investors: 37 out of 190 countries

Paying Taxes: 69 out of 190 countries

Trading across Borders: 152 out of 190 countries

Enforcing Contracts: 22 out of 190 countries

Resolving Insolvency: 100 out of 190 countries
Global competitiveness ranking N/A
Index of Economic Freedom
Ranking: 140 / Score: 53.3 (Mostly unfree) (2019)

(100=totally free 0=totally repressed)

Population & Geographic Data

Total Area 447,400 sq km
Total Population 1990 N/A
2000 24.5 Million
2010 28 Million
2015 31.0 Million
2020 33.5 Million
Urban population as % of total population 1960 34%
1980 40.8%
2000 46.1%
2020 50.5%
Population median age 29.1 years (2018 estimate)
Population growth rate 0.91% (2018 estimate)
Life expectancy 74.3 years (2018 estimate)
% of population living on less than $3.10 a day N/A
Inequality of wealth distribution (Gini index) N/A
Freedom House rating Political Rights: 7
Civil Liberties: 9 (2019)

(1 represents the most free, 7 the least free rating)
Total telephone subscribers as % of population Fixed 10.8% Mobile 75.9% (2018)
(fixed-telephone subscribers and mobile-cellular subscribers)
Internet users as % of total population 52.3% (2017)

Language & Religon

Languages Uzbek (official) 74.3%, Russian 14.2%, Tajik 4.4%, other 7.1%

Note: in the Karakalpakstan Republic, both the Karakalpak language and Uzbek have official status
Literacy Total population: 100%
Male: 100%
Female: 100% (2018 est.)

(age 15 and over can read and write)
Religions Muslim 88% (mostly Sunni), Eastern Orthodox 9%, other 3%

World Rankings

Population 33.5 million
Mercer Cost of living index Tashkent: 208th (2019)
C02 Emissions per capita 3.4 (2014)

Global Finance Rankings & Awards: Uzbekistan

Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.


Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings

Moody’s

Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000

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