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 |
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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 |
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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 |
Uzbekistan
Inflation & Debt
Inflation |
2015 8.5% 2016 8.8% 2017 13.9% 2018* 17.5% 2019* 14.7% *Estimate |
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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) |
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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) |
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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 |
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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 |
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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 |
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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