Why is this important
The economic results of the year show the stability of the financial system and the ability of the economy to grow even in the context of external crises. The results of the reforms are reflected in key macroeconomic indicators – GDP, exports, investments, poverty and unemployment. Securing positions in international rankings reduces the cost of borrowing and improves conditions for attracting capital.
What happened
- Shavkat Mirziyoyev addressed the Oliy Majlis and the people of Uzbekistan and summarized the economic results of the year in the country.
- The country’s GDP exceeded $145 billion for the first time.
- Exports will increase by 23% and amount to $33.4 billion.
- Foreign investments reached $43.1 billion.
- The unemployment rate decreased to 4.9%, and the poverty rate decreased to 5.8%.
- Reserves exceeded $60 billion.
- The sovereign credit rating has been raised from “BB-” to “BB.”
Numbers and facts
- In 2025, GDP grew to $145 billion – the goal is to reach $160 billion by 2030: it is stated that this indicator can be achieved by 2026.
- Exports will increase by 23% and amount to $33.4 billion in 2025.
- Gold and foreign exchange reserves exceeded $60 billion for the first time.
- The volume of foreign investments in 2025 reached $43.1 billion: the share of investments in GDP is 31.9%.
- Uzbekistan’s sovereign rating has risen from “BB-” to “BB.”
- The reduction in the cost of external borrowing will be 250-300 million dollars per year due to the increase in the rating.
- Uzbekistan rose 71 positions in the World Bank’s Technological Readiness Index and entered the top 10 countries.
Employment and unemployment rate
- In 2025, 5 million people received the status of able-bodied: the unemployment rate decreased from 5.5% to 4.9%.
- The poverty rate decreased from 8.9% to 5.8% over the year: about 1.5 million people were lifted out of poverty in 2025.
- For the first time, 1,435 districts have been “freed from poverty” – a total of more than 8.5 million people have been lifted out of poverty during the reform period.
- 168 thousand children from low-income families received the opportunity to attend state kindergartens on preferential terms: an inclusive education system was introduced in 208 kindergartens.
Context
- 168 thousand children from low-income families received the opportunity to attend state kindergartens on preferential terms: an inclusive education system was introduced in 208 kindergartens.
- Lowering the cost of external borrowing improves debt stability and reduces the burden on the budget.
- The reduction of poverty and unemployment indicates the formation of broader domestic demand, which supports economic growth.
- Promotion in international rankings facilitates the attraction of technologies and investors, increasing the competitiveness of the economy in global markets.
