IMF Forecasts Uzbekistan’s GDP Growth at 6.8% in 2025

Uzbekistan’s real GDP growth is forecast to reach 6.8% this year, according to the International Monetary Fund’s October report. The IMF expects the country’s economy to expand by a further 6% next year.

Consumer price growth is projected at 9.1% in 2025, before slowing to 7.3% in 2026. The unemployment rate is estimated to stand at 5% this year and decline to 4.5% in 2026.

The IMF noted that the global economy continues to adapt to current political conditions, with some previously high tariffs being eased through agreements and a partial return to earlier levels.

«Nevertheless, the overall environment remains volatile, and temporary factors that supported economic activity in the first half of 2025, such as advance purchases of imported goods, are now fading,» the report stated.

The IMF forecasts global economic growth of 3.2% in 2025 and 3.1% in 2026.

Kursiv also reports that the gross regional product (GRP) of Uzbekistan’s Fergana Valley has almost quadrupled in the past eight years, rising from $7.9 bn to $19.8 bn.