Countries
Uzbekistan
Key Economic Indicators
$431.93 billion
$11,879
6.5%
9.63%
4.62%
$114.965 billion (2024 est.)
10.5% of GDP (2016 est.)
$-5,714,281,672
Economic Overview
<p>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</p>
All Economic Data
Agricultural products
milk, wheat, cotton, potatoes, carrots/turnips, tomatoes, grapes, watermelons, vegetables, apples (2023)
note:
<b>note:</b> top ten agricultural products based on tonnage
Average household expenditures
On alcohol and tobacco:
3.2% of household expenditures (2023 est.)
On food:
46.3% of household expenditures (2023 est.)
Budget
Expenditures:
$25.953 billion (2023 est.)
Note:
<b>note:</b> 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.)
Currency
code:
UZS
name:
Uzbekistani soʻm (UZS) [so'm]
Current account balance
$-5,714,281,672
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.)
Note:
<b>note:</b> balance of payments - net trade and primary/secondary income in current dollars
Debt - external
$70.26 billion
Debt - external 2023:
$25.714 billion (2023 est.)
Note:
<b>note:</b> present value of external debt in current US dollars
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.)
Exports
$26.17 billion
Exports 2022:
$20.966 billion (2022 est.)
Exports 2023:
$25.05 billion (2023 est.)
Exports 2024:
$26.173 billion (2024 est.)
Note:
<b>note:</b> balance of payments - exports of goods and services in current dollars
Exports - commodities
gold, cotton yarn, garments, fertilizers, fabric (2023)
note:
<b>note:</b> top five export commodities based on value in dollars
Exports - partners
Switzerland 34%, Russia 12%, UK 11%, China 7%, Turkey 6% (2023)
note:
<b>note:</b> top five export partners based on percentage share of exports
Foreign direct investment
net inflows:
$2.99 billion
GDP - composition, by end use
Exports of goods and services:
22.8% (2024 est.)
Government consumption:
13.9% (2024 est.)
Household consumption:
68% (2024 est.)
Imports of goods and services:
-38% (2024 est.)
Investment in fixed capital:
37.1% (2024 est.)
Investment in inventories:
-3.8% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to rounding or gaps in data collection
GDP - composition, by sector of origin
Agriculture:
18.3% (2024 est.)
Industry:
31.8% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Services:
45.2% (2024 est.)
GDP (official exchange rate)
$114.965 billion (2024 est.)
note:
<b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$3,162
Gini Index coefficient - distribution of family income
35.3 (2003)
Gini Index coefficient - distribution of family income 2023:
34.5 (2023 est.)
Note:
<strong>note:</strong> index (0-100) of income distribution; higher values represent greater inequality
GNI (gross national income)
$116.1 billion
GNI per capita
$3,020
Gross domestic investment
33 % of GDP
Household income or consumption by percentage share
Highest 10%:
25.3% (2023 est.)
Lowest 10%:
2.1% (2023 est.)
Note:
<strong>note:</strong> % share of income accruing to lowest and highest 10% of population
Imports
$43.64 billion
Imports 2022:
$35.643 billion (2022 est.)
Imports 2023:
$42.646 billion (2023 est.)
Imports 2024:
$43.624 billion (2024 est.)
Note:
<b>note:</b> balance of payments - imports of goods and services in current dollars
Imports - commodities
cars, vehicle parts/accessories, packaged medicine, refined petroleum, aircraft (2023)
note:
<b>note:</b> top five import commodities based on value in dollars
Imports - partners
China 32%, Russia 17%, Kazakhstan 8%, S. Korea 6%, Turkey 5% (2023)
note:
<b>note:</b> top five import partners based on percentage share of imports
Industrial production growth rate
7.2% (2024 est.)
note:
<b>note:</b> annual % change in industrial value added based on constant local currency
Industries
textiles, food processing, machine building, metallurgy, mining, hydrocarbon extraction, chemicals
Inflation rate (consumer prices)
9.63%
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.)
Note:
<b>note:</b> annual % change based on consumer prices
Labor force
13.974 million (2024 est.)
note:
<b>note:</b> number of people ages 15 or older who are employed or seeking work
total:
14.64 million persons
Labor force - by occupation
agriculture:
25.2%
industry:
24.61%
services:
50.19%
Population below poverty line
11% (2023 est.)
note:
<strong>note:</strong> % of population with income below national poverty line
Public debt
Public debt 2016:
10.5% of GDP (2016 est.)
Real GDP (purchasing power parity)
$431.93 billion
Note:
<b>note:</b> 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.)
Real GDP growth rate
6.5%
Note:
<b>note:</b> 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.)
Real GDP per capita
$11,879
Note:
<b>note:</b> 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.)
Remittances
$16.58 billion
Note:
<b>note:</b> 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.)
Reserves of foreign exchange and gold
$41.24 billion
Note:
<b>note:</b> 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.)
Revenue (excl grants)
20 % of GDP
Tax revenue
12 % of GDP
Taxes and other revenues
11.5% (of GDP) (2023 est.)
note:
<b>note:</b> central government tax revenue as a % of GDP
Unemployment rate
4.62%
Note:
<b>note:</b> % 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.)
Youth unemployment rate (ages 15-24)
Female:
18.1% (2024 est.)
Male:
7.2% (2024 est.)
Note:
<b>note:</b> % of labor force ages 15-24 seeking employment
Total:
10.9% (2024 est.)
World Bank Indicators
Currency
Uzbekistani som (UZS) so'm (2025)
Gini Index
35.30 (2003)
Languages
Russian, Uzbek (2025)
Economic Rankings
External Debt
#21
Reserves
#51
GDP Growth Rate
#54
GDP (PPP)
#55
Inflation Rate
#60
GDP (Nominal)
#66
Imports
#68
Exports
#84
Gini Index
#106
Unemployment Rate
#115
GDP per Capita
#121
Quick Facts
Industries
textiles, food processing, machine building, metallurgy, mining, hydrocarbon extraction, chemicals
Agricultural products
milk, wheat, cotton, potatoes, carrots/turnips, tomatoes, grapes, watermelons, vegetables, apples (2023)
Labor force
13.974 million (2024 est.)
Exports - partners
Switzerland 34%, Russia 12%, UK 11%, China 7%, Turkey 6% (2023)
Imports - partners
China 32%, Russia 17%, Kazakhstan 8%, S. Korea 6%, Turkey 5% (2023)
Exchange rates
Uzbekistani soum (UZS) per US dollar -
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