Uzbekistan’s economy continues to show strong performance, according to a mission from the International Monetary Fund (IMF) that recently visited the country.
«Now is an opportune moment to advance reform programmes, implement sound policies, and build reserves to strengthen resilience against shocks,» IMF representatives said.
The fund estimated that real GDP in Uzbekistan grew by 7.6% year-on-year between January and September 2025. Growth was supported by increased investment and strong consumer demand. The IMF expects the economy to expand by 6% in the coming years, driven by sustained consumption and investment. Inflation is projected to reach 5% by the end of 2027, in line with central bank targets.
By the end of October, headline and core inflation had slowed to 7.8% and 6.6% respectively, reflecting the fading impact of last year’s energy price rises. Meanwhile, lending to households grew by 23% year-on-year in September, while corporate lending saw more moderate increases.
