Why is this important
Uzbekistan is showing stable growth against a backdrop of moderate government debt and relatively low inflation compared to its neighbors. This strengthens the country’s attractiveness to investors.
What happened
- Uzbekistan’s GDP growth — 5.9%;
- Budget deficit — 2.3% of GDP;
- Government debt — 33% of GDP;
- Inflation — 8.8% (in Kazakhstan — 10.4%);
- Current account deficit — 5% of GDP;
- Kazakhstan ranked 10th in the rating.
Context
Shavkat Mirziyoyev stated in August that over the past eight years, Uzbekistan’s economy has doubled and reached $115 billion. According to forecasts, the country’s GDP will increase by another $15 billion by the end of 2025.
