Uzbekistan’s GDP Surges by 8.7% in Q1 2026
Uzbekistan’s gross domestic product (GDP) recorded a year-on-year growth of 8.7% in the first quarter of 2026.
According to the latest report from the National Statistics Committee the national economy generated a total of 447.9 trln soums ($37.1 bn) by the beginning of April.
This strong economic performance was fuelled by solid gains across multiple key industries. The construction sector experienced the most dramatic surge as it expanded by 16.3% to reach 26.4 trln soums ($2.2 bn). Meanwhile the broader industrial sector grew by 8% to hit a valuation of 124.8 trln soums ($10.3 bn).
Services also maintained steady upward momentum throughout the first three months of the year. The sector’s overall volume increased by 8.8% to 240 trln soums ($19.9 bn). Within this category trade services saw a remarkable 19.4% jump to 42.5 trln soums ($3.5 bn) while the information and communications field expanded by 18.3% to total 15 trln soums ($1.2 bn).
Economic expansion translated into positive gains for living standards during the reporting period. GDP per capita climbed to 11.7 mln soums ($969) which represents a 6.7% increase in real terms.
Furthermore the country has made tangible progress in formalising its financial activities. The total share of the unobserved economy shrank to 22.9% of GDP compared to 24.8% during the same period last year. This current figure comprises 15.4% from informal household activities and 7.5% from the strictly shadow sector.
