World Bank: Uzbekistan’s Workforce to Expand by 10 Mln by 2050

The World Bank projects a sharp demographic shift across Europe and Central Asia, with Uzbekistan and Tajikistan set to see major workforce expansion by mid-century while the wider region grapples with labour shortages.

In its latest Jobs and Prosperity report, the World Bank forecasts that Uzbekistan’s working-age population will increase by around 10 mln people by 2050, and Tajikistan’s by 3.6 mln. In contrast, other countries across Europe and Central Asia are expected to lose a combined 17 million workers over the same period, a trend that could reshape regional labour markets.

Contrasting demographic trends

The report warns policymakers to prepare for these diverging trends. For countries facing population decline, the shrinking labour force could threaten productivity and growth. Meanwhile, for Uzbekistan and its neighbours, expanding workforces will require new jobs and improved conditions to prevent unemployment and migration pressures.

The World Bank stresses that addressing these challenges will demand stronger private sector engagement, backed by significant investment inflows. It also calls for business environment reforms and mobilisation of private capital to sustain inclusive economic growth.

Economic outlook for Central Asia

The report also highlights the region’s steady economic performance. Central Asia’s real GDP growth is projected to remain at 5% in 2026 before easing slightly to 4.6% in 2027.

Uzbekistan continues to stand out as one of the region’s fastest-growing economies. The country’s GDP is expected to rise by 6.2% in 2025, followed by 6% in 2026 and 5.9% in 2027, reflecting sustained domestic demand and investment-driven expansion.