Uzbekistan’s Economic Growth Stays High at 7–7.5%

Uzbekistan’s economy continued to expand at a strong pace in the third quarter of 2025, according to a report from the Central Bank. Backed by steady investment and business activity, the regulator expects annual GDP growth to reach around 7–7.5%.

Rising household incomes and an increase in retail lending have supported consumer spending, which in turn could sustain inflationary pressures in the months ahead. The Bank also noted potential secondary effects from the liberalisation of energy prices and risks linked to supply constraints for certain goods.

In response, the Central Bank said it would maintain a tight monetary policy to ensure continued progress in reducing inflation. Current measures, it added, help encourage savings, balance market demand and supply, and limit monetary factors driving price growth.

Kursiv also reports that the VEB Research Institute forecasted Uzbekistan’s GDP to rise by 6.7% in 2025, exceeding the consensus estimate of 6.1%.